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Work in process at other companies

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Frequency ElectronicsFEIM
$10.39M+8.5%
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Texas InstrumentsTXN
$2.36B-0.6%
Silicon Laboratories logo
Silicon LaboratoriesSLAB
$85.39M+44.7%
Analog Devices logo
Analog DevicesADI
Intel logo
IntelINTC
NXP Semiconductors logo
NXP SemiconductorsNXPI

Other financials

Income statement

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Revenue$1.3B+35.1%
Gross profit$799.6M+59.6%
Operating income$217.4M
Net income$144.2M+193%
EPS (diluted)$0.22+176%

Balance sheet

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Cash & equivalents$240.3M-68.9%
Total debt$5.6B-2.4%
Total equity$6.4B-9.1%
Total assets$14.4B-6.5%

Cash flow

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Operating cash flow$257.0M+24.8%
CapEx$14.2M0.0%
Free cash flow$242.8M+26.7%

Valuation

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Market cap$49.44B+29.5%
Enterprise value$54.84B+27.2%
P/E215×
P/S10.5×+1.5×

Profitability

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Gross margin57.7%+1.7pp
Operating margin10.4%
Net margin4.9%+4.9pp
FCF margin18.5%+0.9pp

Returns & leverage

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Return on equity3.4%+3.4pp
Debt / equity0.9×+0.1×
Current ratio2.1×-0.5×

Where this comes from

Reported directly by Microchip Technology in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: Microchip Technology’s 10-Q, filed February 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Microchip Technology's work in process?
Microchip Technology (MCHP) reported work in process of $699.9M in Q4 2025.
How has Microchip Technology's work in process changed year-over-year?
Microchip Technology's work in process decreased by 20.0% year-over-year, from $874.4M to $699.9M.
What is the long-term trend for Microchip Technology's work in process?
Over 4 years (2021 to 2025), Microchip Technology's work in process has grown at a 20.1% compound annual growth rate (CAGR), from $412.8M to $857.6M.
What does work in process mean?
Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.