0000827054-26-000061
SEC filingMicrochip第二财季营收1.622亿美元超指引上限，工业与数据中心驱动广泛增长，Non-GAAP EPS $0.97超指引。
| 指标 | 本期 | 去年同期 | 同比 |
|---|---|---|---|
| Revenue | $1,621.5M | $1,140.4M | +42.2% |
| Gross Margin (GAAP) | 65.9% | 55.9% | — |
| Gross Margin (Non-GAAP) | 66.5% | 56.7% | — |
| Operating Income (GAAP) | $464.5M | $88.9M | — |
| Operating Income (Non-GAAP) | $639.9M | $277.2M | — |
| Net Income (GAAP) | $401.4M | $41.7M | — |
| Net Income attributable to common stockholders (GAAP) | $373.6M | $13.9M | — |
| Net Income (Non-GAAP) | $559.2M | $199.1M | — |
| Diluted EPS (GAAP) | $0.68 | $0.03 | — |
| Diluted EPS (Non-GAAP) | $0.97 | $0.35 | — |
| Operating Cash Flow | $419.2M | $88.1M | — |
| Free Cash Flow | $396.1M | $51.6M | — |
| 期间 | 指标 | 指引 | 口径 |
|---|---|---|---|
| Q3 FY2027 | Net Sales | $1.573 to $1.638 billion | N/A |
| Q3 FY2027 | Gross Margin | 62.9% to 63.9% | GAAP |
| Q3 FY2027 | Gross Margin | 64.0% to 65.0% | Non-GAAP |
| Q3 FY2027 | Operating Income | 25.5% to 27.2% | GAAP |
| Q3 FY2027 | Operating Income | 37.0% to 38.5% | Non-GAAP |
| Q3 FY2027 | Diluted EPS | $0.47 to $0.50 | GAAP |
| Q3 FY2027 | Diluted EPS | $0.87 to $0.95 | Non-GAAP |
本季营收$1,621.5M，同比+42.2%、环比+9.2%，高于8月6日指引中值$1.604 billion并超指引上限；GAAP EPS $0.68、Non-GAAP EPS $0.97均超指引区间。增长由工业与数据中心应用广泛驱动，PCIe Gen6交换与retimer设计中标数由6月末12个增至24个，book-to-bill显著高于1。利润率方面，GAAP毛利率65.9%、Non-GAAP 66.5%，较去年同期55.9%/56.7%大幅提升；Non-GAAP营业费用$437.9M、占营收27.0%（去年同期32.4%），费用增速远低于营收，Non-GAAP营业利润率升至39.5%。GAAP与Non-GAAP差异主要来自股权激励$72.0M、收购无形资产摊销$90.2M及特别费用$7.9M。
现金流强劲，经营现金流$419.2M、自由现金流$396.1M（去年同期$51.6M）；期末现金及短期投资$457.0M，长期债务$5,517.2M。资本返还方面，9月季度通过分红返还约$247.6M，董事会宣布普通股季度股息$0.455/股（11月23日登记、12月8日支付）。指引方面，12月季度营收$1.573–$1.638 billion（环比-3%至+1%，中值-1%），管理层称9月季度约$53M非经常性收入不再重复，中值较正常季节性（环比-3%至-5%）好5%至7%，对应同比约+35.4%；同时提示供应链交期延长、正扩充产能并争取额外晶圆配额。公司完成Hailo（9月17日）与Vorago Technologies（10月8日）收购，并披露董事Victor Peng于11月3日辞任。