10-QPeriod: Q1 FY2011

MICROCHIP TECHNOLOGY INC Quarterly Report for Q1 Ended Jun 30, 2010

Filed August 9, 2010For Securities:MCHPMCHPP

Summary

Microchip Technology Incorporated's 10-Q filing for the quarterly period ended June 30, 2010, reveals a company in a solid financial position, though specific performance metrics for the quarter are not detailed in the provided text excerpt. The filing indicates the company has met its reporting requirements and is subject to regular filing requirements, distinguishing itself as an accelerated filer, not a smaller reporting company or a shell company. This suggests a stable operating history and established market presence. Investors should note that the filing includes unaudited condensed consolidated financial statements for balance sheet, income, and cash flows for the three months ended June 30, 2010, and comparative periods. Management's Discussion and Analysis (MD&A) will provide crucial insights into the operational performance, financial condition, and future outlook. Additionally, disclosures on market risks, controls, legal proceedings, and risk factors are included, offering a comprehensive view of the company's operational landscape and potential challenges.

Financial Highlights

51 data points
Beta

Revenue

$357.13M

58.1% Gross Margin

Net Income

$89.57M

25.1% Net Margin

EPS (Diluted)

$0.23

Total Assets

$2.69B

Cash & Equivalents

$523.47M

Free Cash Flow

$133.32M

Financial Statements
Beta
Revenue$357.13M
Cost of Revenue$149.68M
Gross Profit$207.44M
R&D Expenses$40.53M
SG&A Expenses$57.21M
Operating Expenses$98.22M
Operating Income$109.23M
Interest Expense-$7.74M
Net Income$89.57M
EPS (Basic)$0.24
EPS (Diluted)$0.23
Shares Outstanding (Basic)371.08M
Shares Outstanding (Diluted)380.14M

Key Highlights

  • 1Microchip Technology Inc. (MCHP) filed its 10-Q for the quarter ended June 30, 2010.
  • 2The company is classified as an accelerated filer, indicating a well-established reporting history.
  • 3MCHP confirms it has filed all required reports for the preceding 12 months and the past 90 days.
  • 4The filing includes unaudited condensed consolidated financial statements for key statements (Balance Sheet, Income, Cash Flows).
  • 5Management's Discussion and Analysis (MD&A) is included, which is critical for understanding operational performance and financial condition.
  • 6Disclosures on Market Risk, Controls and Procedures, Legal Proceedings, and Risk Factors are provided.
  • 7As of July 30, 2010, Microchip had approximately 185,932,883 shares of common stock outstanding.

Frequently Asked Questions

The provided excerpt of the 10-Q filing indicates that unaudited condensed consolidated financial statements for the three months ended June 30, 2010, are included. However, the specific financial results such as revenue, net income, or earnings per share are not detailed in this section. Investors should refer to Item 1 (Financial Statements) and Item 2 (Management's Discussion and Analysis) within the full filing for detailed performance metrics and analysis.

The filing designates Microchip Technology Inc. as an 'accelerated filer.' This classification, along with the requirement to file regular quarterly reports and the absence of 'smaller reporting company' or 'shell company' indicators, suggests a company with a substantial operating history and market presence, generally indicative of a more mature business rather than an early-stage growth company. However, specific growth trends would need to be analyzed from the financial statements and MD&A.

Investors should focus on Item 1 (Financial Statements) for the actual financial results, particularly the Condensed Consolidated Statements of Income and Cash Flows for the three months ended June 30, 2010, and compare them to the prior year. Item 2 (Management's Discussion and Analysis of Financial Condition and Results of Operations) is crucial for understanding the drivers behind the financial performance, any trends, challenges, and future outlook. Additionally, Item 1A (Risk Factors) should be reviewed to understand potential risks impacting the company's business.