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Side-by-side financial comparison of iQIYI, Inc. (IQ) and Microchip Technology (MCHP). Click either name above to swap in a different company.

Microchip Technology is the larger business by last-quarter revenue ($1.3B vs $971.6M, roughly 1.3× iQIYI, Inc.).

iQIYI, formerly Qiyi, is a Chinese subscription video on-demand over-the-top streaming service owned by Baidu. Headquartered in Beijing, iQIYI primarily produces and distributes films and television series.

Microchip Technology Incorporated is an American publicly traded semiconductor corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.

IQ vs MCHP — Head-to-Head

Bigger by revenue
MCHP
MCHP
1.3× larger
MCHP
$1.3B
$971.6M
IQ

Income Statement — Q1 FY2026 vs Q4 FY2026

Metric
IQ
IQ
MCHP
MCHP
Revenue
$971.6M
$1.3B
Net Profit
$144.2M
Gross Margin
61.0%
Operating Margin
0.8%
16.6%
Net Margin
11.0%
Revenue YoY
-72.2%
Net Profit YoY
8.9%
EPS (diluted)
$0.21

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
IQ
IQ
MCHP
MCHP
Q1 26
$971.6M
$1.3B
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$906.0M
$970.5M
Q4 24
$1.0B
Q3 24
$1.2B
Q2 24
$1.2B
Net Profit
IQ
IQ
MCHP
MCHP
Q1 26
$144.2M
Q4 25
$62.7M
Q3 25
$41.7M
Q2 25
$-18.6M
Q1 25
$-154.6M
Q4 24
$-53.6M
Q3 24
$78.4M
Q2 24
$129.3M
Gross Margin
IQ
IQ
MCHP
MCHP
Q1 26
61.0%
Q4 25
59.6%
Q3 25
55.9%
Q2 25
53.6%
Q1 25
51.6%
Q4 24
54.7%
Q3 24
57.4%
Q2 24
59.4%
Operating Margin
IQ
IQ
MCHP
MCHP
Q1 26
0.8%
16.6%
Q4 25
12.8%
Q3 25
7.8%
Q2 25
3.0%
Q1 25
4.3%
-10.3%
Q4 24
3.0%
Q3 24
12.6%
Q2 24
17.7%
Net Margin
IQ
IQ
MCHP
MCHP
Q1 26
11.0%
Q4 25
5.3%
Q3 25
3.7%
Q2 25
-1.7%
Q1 25
-15.9%
Q4 24
-5.2%
Q3 24
6.7%
Q2 24
10.4%
EPS (diluted)
IQ
IQ
MCHP
MCHP
Q1 26
$0.21
Q4 25
$0.06
Q3 25
$0.03
Q2 25
$-0.09
Q1 25
$-0.29
Q4 24
$-0.10
Q3 24
$0.14
Q2 24
$0.24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IQ
IQ
MCHP
MCHP
Cash + ST InvestmentsLiquidity on hand
$4.4M
$240.3M
Total DebtLower is stronger
$5.5B
Stockholders' EquityBook value
$13.3M
$6.4B
Total Assets
$46.7M
$14.4B
Debt / EquityLower = less leverage
0.85×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IQ
IQ
MCHP
MCHP
Q1 26
$4.4M
$240.3M
Q4 25
$250.7M
Q3 25
$236.8M
Q2 25
$566.5M
Q1 25
$3.5M
$771.7M
Q4 24
$586.0M
Q3 24
$286.1M
Q2 24
$315.1M
Total Debt
IQ
IQ
MCHP
MCHP
Q1 26
$5.5B
Q4 25
$5.4B
Q3 25
$5.4B
Q2 25
$5.5B
Q1 25
$5.6B
Q4 24
$6.7B
Q3 24
$6.4B
Q2 24
$6.2B
Stockholders' Equity
IQ
IQ
MCHP
MCHP
Q1 26
$13.3M
$6.4B
Q4 25
$6.6B
Q3 25
$6.7B
Q2 25
$6.9B
Q1 25
$13.4M
$7.1B
Q4 24
$6.0B
Q3 24
$6.3B
Q2 24
$6.4B
Total Assets
IQ
IQ
MCHP
MCHP
Q1 26
$46.7M
$14.4B
Q4 25
$14.3B
Q3 25
$14.5B
Q2 25
$15.0B
Q1 25
$45.8M
$15.4B
Q4 24
$15.6B
Q3 24
$15.6B
Q2 24
$15.8B
Debt / Equity
IQ
IQ
MCHP
MCHP
Q1 26
0.85×
Q4 25
0.82×
Q3 25
0.80×
Q2 25
0.80×
Q1 25
0.80×
Q4 24
1.12×
Q3 24
1.02×
Q2 24
0.96×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IQ
IQ
MCHP
MCHP
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$242.8M
FCF MarginFCF / Revenue
18.5%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$871.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IQ
IQ
MCHP
MCHP
Q1 26
Q4 25
$341.4M
Q3 25
$88.1M
Q2 25
$275.6M
Q1 25
$205.9M
Q4 24
$271.5M
Q3 24
$43.6M
Q2 24
$377.1M
Free Cash Flow
IQ
IQ
MCHP
MCHP
Q1 26
$242.8M
Q4 25
$318.9M
Q3 25
$51.6M
Q2 25
$257.7M
Q1 25
$191.7M
Q4 24
$253.4M
Q3 24
$22.8M
Q2 24
$304.2M
FCF Margin
IQ
IQ
MCHP
MCHP
Q1 26
18.5%
Q4 25
26.9%
Q3 25
4.5%
Q2 25
24.0%
Q1 25
19.8%
Q4 24
24.7%
Q3 24
2.0%
Q2 24
24.5%
Capex Intensity
IQ
IQ
MCHP
MCHP
Q1 26
1.1%
Q4 25
1.9%
Q3 25
3.2%
Q2 25
1.7%
Q1 25
1.5%
Q4 24
1.8%
Q3 24
1.8%
Q2 24
5.9%
Cash Conversion
IQ
IQ
MCHP
MCHP
Q1 26
Q4 25
5.44×
Q3 25
2.11×
Q2 25
Q1 25
Q4 24
Q3 24
0.56×
Q2 24
2.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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