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Side-by-side financial comparison of Microchip Technology (MCHP) and Qnity Electronics, Inc. (Q). Click either name above to swap in a different company.
Microchip Technology is the larger business by last-quarter revenue ($1.3B vs $1.3B, roughly 1.0× Qnity Electronics, Inc.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 11.0%, a 5.5% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs -72.2%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $242.8M).
Microchip Technology Incorporated is an American publicly traded semiconductor corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.
MCHP vs Q — Head-to-Head
Income Statement — Q4 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.3B |
| Net Profit | $144.2M | $211.0M |
| Gross Margin | 61.0% | 45.1% |
| Operating Margin | 16.6% | 21.3% |
| Net Margin | 11.0% | 16.5% |
| Revenue YoY | -72.2% | 11.1% |
| Net Profit YoY | 8.9% | 6.0% |
| EPS (diluted) | $0.21 | $1.01 |
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.
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $970.5M | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.2B | — |
| Q1 26 | $144.2M | — | ||
| Q4 25 | $62.7M | — | ||
| Q3 25 | $41.7M | $211.0M | ||
| Q2 25 | $-18.6M | — | ||
| Q1 25 | $-154.6M | — | ||
| Q4 24 | $-53.6M | — | ||
| Q3 24 | $78.4M | $199.0M | ||
| Q2 24 | $129.3M | — |
| Q1 26 | 61.0% | — | ||
| Q4 25 | 59.6% | — | ||
| Q3 25 | 55.9% | 45.1% | ||
| Q2 25 | 53.6% | — | ||
| Q1 25 | 51.6% | — | ||
| Q4 24 | 54.7% | — | ||
| Q3 24 | 57.4% | 47.0% | ||
| Q2 24 | 59.4% | — |
| Q1 26 | 16.6% | — | ||
| Q4 25 | 12.8% | — | ||
| Q3 25 | 7.8% | 21.3% | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | -10.3% | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 12.6% | 21.8% | ||
| Q2 24 | 17.7% | — |
| Q1 26 | 11.0% | — | ||
| Q4 25 | 5.3% | — | ||
| Q3 25 | 3.7% | 16.5% | ||
| Q2 25 | -1.7% | — | ||
| Q1 25 | -15.9% | — | ||
| Q4 24 | -5.2% | — | ||
| Q3 24 | 6.7% | 17.3% | ||
| Q2 24 | 10.4% | — |
| Q1 26 | $0.21 | — | ||
| Q4 25 | $0.06 | — | ||
| Q3 25 | $0.03 | $1.01 | ||
| Q2 25 | $-0.09 | — | ||
| Q1 25 | $-0.29 | — | ||
| Q4 24 | $-0.10 | — | ||
| Q3 24 | $0.14 | $0.95 | ||
| Q2 24 | $0.24 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $240.3M | $128.0M |
| Total DebtLower is stronger | $5.5B | $1.7B |
| Stockholders' EquityBook value | $6.4B | $9.1B |
| Total Assets | $14.4B | $12.5B |
| Debt / EquityLower = less leverage | 0.85× | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $240.3M | — | ||
| Q4 25 | $250.7M | — | ||
| Q3 25 | $236.8M | $128.0M | ||
| Q2 25 | $566.5M | — | ||
| Q1 25 | $771.7M | — | ||
| Q4 24 | $586.0M | — | ||
| Q3 24 | $286.1M | — | ||
| Q2 24 | $315.1M | — |
| Q1 26 | $5.5B | — | ||
| Q4 25 | $5.4B | — | ||
| Q3 25 | $5.4B | $1.7B | ||
| Q2 25 | $5.5B | — | ||
| Q1 25 | $5.6B | — | ||
| Q4 24 | $6.7B | — | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.2B | — |
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.6B | — | ||
| Q3 25 | $6.7B | $9.1B | ||
| Q2 25 | $6.9B | — | ||
| Q1 25 | $7.1B | — | ||
| Q4 24 | $6.0B | — | ||
| Q3 24 | $6.3B | $11.1B | ||
| Q2 24 | $6.4B | — |
| Q1 26 | $14.4B | — | ||
| Q4 25 | $14.3B | — | ||
| Q3 25 | $14.5B | $12.5B | ||
| Q2 25 | $15.0B | — | ||
| Q1 25 | $15.4B | — | ||
| Q4 24 | $15.6B | — | ||
| Q3 24 | $15.6B | — | ||
| Q2 24 | $15.8B | — |
| Q1 26 | 0.85× | — | ||
| Q4 25 | 0.82× | — | ||
| Q3 25 | 0.80× | 0.19× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $782.0M |
| Free Cash FlowOCF − Capex | $242.8M | $568.0M |
| FCF MarginFCF / Revenue | 18.5% | 44.5% |
| Capex IntensityCapex / Revenue | 1.1% | 16.8% |
| Cash ConversionOCF / Net Profit | — | 3.71× |
| TTM Free Cash FlowTrailing 4 quarters | $871.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $341.4M | — | ||
| Q3 25 | $88.1M | $782.0M | ||
| Q2 25 | $275.6M | — | ||
| Q1 25 | $205.9M | — | ||
| Q4 24 | $271.5M | — | ||
| Q3 24 | $43.6M | — | ||
| Q2 24 | $377.1M | — |
| Q1 26 | $242.8M | — | ||
| Q4 25 | $318.9M | — | ||
| Q3 25 | $51.6M | $568.0M | ||
| Q2 25 | $257.7M | — | ||
| Q1 25 | $191.7M | — | ||
| Q4 24 | $253.4M | — | ||
| Q3 24 | $22.8M | — | ||
| Q2 24 | $304.2M | — |
| Q1 26 | 18.5% | — | ||
| Q4 25 | 26.9% | — | ||
| Q3 25 | 4.5% | 44.5% | ||
| Q2 25 | 24.0% | — | ||
| Q1 25 | 19.8% | — | ||
| Q4 24 | 24.7% | — | ||
| Q3 24 | 2.0% | — | ||
| Q2 24 | 24.5% | — |
| Q1 26 | 1.1% | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 3.2% | 16.8% | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | 5.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 5.44× | — | ||
| Q3 25 | 2.11× | 3.71× | ||
| 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.
Revenue Breakdown by Segment
MCHP
Segment breakdown not available.
Q
| Semiconductor Technologies | $693.0M | 54% |
| Interconnect Solutions | $583.0M | 46% |
