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Side-by-side financial comparison of Microchip Technology (MCHP) and Teradyne (TER). Click either name above to swap in a different company.
Microchip Technology is the larger business by last-quarter revenue ($1.2B vs $1.1B, roughly 1.1× Teradyne). Teradyne runs the higher net margin — 23.7% vs 5.3%, a 18.5% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (43.9% vs 15.6%). Microchip Technology produced more free cash flow last quarter ($318.9M vs $218.8M). Over the past eight quarters, Teradyne's revenue compounded faster (34.4% CAGR vs -5.4%).
Microchip Technology Incorporated is an American publicly traded semiconductor corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.
Teradyne, Inc. is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Its high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM.
MCHP vs TER — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.1B |
| Net Profit | $62.7M | $257.2M |
| Gross Margin | 59.6% | 57.2% |
| Operating Margin | 12.8% | 27.1% |
| Net Margin | 5.3% | 23.7% |
| Revenue YoY | 15.6% | 43.9% |
| Net Profit YoY | 217.0% | 75.9% |
| EPS (diluted) | $0.06 | $1.62 |
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.
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.1B | $769.2M | ||
| Q2 25 | $1.1B | $651.8M | ||
| Q1 25 | $970.5M | $685.7M | ||
| Q4 24 | $1.0B | $752.9M | ||
| Q3 24 | $1.2B | $737.3M | ||
| Q2 24 | $1.2B | $729.9M | ||
| Q1 24 | $1.3B | $599.8M |
| Q4 25 | $62.7M | $257.2M | ||
| Q3 25 | $41.7M | $119.6M | ||
| Q2 25 | $-18.6M | $78.4M | ||
| Q1 25 | $-154.6M | $98.9M | ||
| Q4 24 | $-53.6M | $146.3M | ||
| Q3 24 | $78.4M | $145.6M | ||
| Q2 24 | $129.3M | $186.3M | ||
| Q1 24 | $154.7M | $64.2M |
| Q4 25 | 59.6% | 57.2% | ||
| Q3 25 | 55.9% | 58.4% | ||
| Q2 25 | 53.6% | 57.2% | ||
| Q1 25 | 51.6% | 60.6% | ||
| Q4 24 | 54.7% | 59.4% | ||
| Q3 24 | 57.4% | 59.2% | ||
| Q2 24 | 59.4% | 58.3% | ||
| Q1 24 | 59.6% | 56.6% |
| Q4 25 | 12.8% | 27.1% | ||
| Q3 25 | 7.8% | 18.9% | ||
| Q2 25 | 3.0% | 13.9% | ||
| Q1 25 | -10.3% | 17.6% | ||
| Q4 24 | 3.0% | 20.4% | ||
| Q3 24 | 12.6% | 20.6% | ||
| Q2 24 | 17.7% | 28.8% | ||
| Q1 24 | 19.1% | 13.0% |
| Q4 25 | 5.3% | 23.7% | ||
| Q3 25 | 3.7% | 15.5% | ||
| Q2 25 | -1.7% | 12.0% | ||
| Q1 25 | -15.9% | 14.4% | ||
| Q4 24 | -5.2% | 19.4% | ||
| Q3 24 | 6.7% | 19.8% | ||
| Q2 24 | 10.4% | 25.5% | ||
| Q1 24 | 11.7% | 10.7% |
| Q4 25 | $0.06 | $1.62 | ||
| Q3 25 | $0.03 | $0.75 | ||
| Q2 25 | $-0.09 | $0.49 | ||
| Q1 25 | $-0.29 | $0.61 | ||
| Q4 24 | $-0.10 | $0.89 | ||
| Q3 24 | $0.14 | $0.89 | ||
| Q2 24 | $0.24 | $1.14 | ||
| Q1 24 | $0.29 | $0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $250.7M | $293.8M |
| Total DebtLower is stronger | $5.4B | — |
| Stockholders' EquityBook value | $6.6B | $2.8B |
| Total Assets | $14.3B | $4.2B |
| Debt / EquityLower = less leverage | 0.82× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $250.7M | $293.8M | ||
| Q3 25 | $236.8M | $272.7M | ||
| Q2 25 | $566.5M | $339.3M | ||
| Q1 25 | $771.7M | $475.6M | ||
| Q4 24 | $586.0M | $553.4M | ||
| Q3 24 | $286.1M | $510.0M | ||
| Q2 24 | $315.1M | $421.9M | ||
| Q1 24 | $319.7M | $707.4M |
| 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 | — | ||
| Q1 24 | $6.0B | — |
| Q4 25 | $6.6B | $2.8B | ||
| Q3 25 | $6.7B | $2.7B | ||
| Q2 25 | $6.9B | $2.8B | ||
| Q1 25 | $7.1B | $2.8B | ||
| Q4 24 | $6.0B | $2.8B | ||
| Q3 24 | $6.3B | $2.9B | ||
| Q2 24 | $6.4B | $2.7B | ||
| Q1 24 | $6.7B | $2.6B |
| Q4 25 | $14.3B | $4.2B | ||
| Q3 25 | $14.5B | $4.0B | ||
| Q2 25 | $15.0B | $3.8B | ||
| Q1 25 | $15.4B | $3.7B | ||
| Q4 24 | $15.6B | $3.7B | ||
| Q3 24 | $15.6B | $3.8B | ||
| Q2 24 | $15.8B | $3.6B | ||
| Q1 24 | $15.9B | $3.4B |
| 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× | — | ||
| Q1 24 | 0.90× | — |
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 | $341.4M | $281.6M |
| Free Cash FlowOCF − Capex | $318.9M | $218.8M |
| FCF MarginFCF / Revenue | 26.9% | 20.2% |
| Capex IntensityCapex / Revenue | 1.9% | 5.8% |
| Cash ConversionOCF / Net Profit | 5.44× | 1.09× |
| TTM Free Cash FlowTrailing 4 quarters | $819.9M | $450.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $341.4M | $281.6M | ||
| Q3 25 | $88.1M | $49.0M | ||
| Q2 25 | $275.6M | $182.1M | ||
| Q1 25 | $205.9M | $161.6M | ||
| Q4 24 | $271.5M | $282.6M | ||
| Q3 24 | $43.6M | $166.3M | ||
| Q2 24 | $377.1M | $216.1M | ||
| Q1 24 | $430.0M | $7.3M |
| Q4 25 | $318.9M | $218.8M | ||
| Q3 25 | $51.6M | $2.4M | ||
| Q2 25 | $257.7M | $131.7M | ||
| Q1 25 | $191.7M | $97.6M | ||
| Q4 24 | $253.4M | $225.2M | ||
| Q3 24 | $22.8M | $114.4M | ||
| Q2 24 | $304.2M | $171.2M | ||
| Q1 24 | $389.9M | $-36.7M |
| Q4 25 | 26.9% | 20.2% | ||
| Q3 25 | 4.5% | 0.3% | ||
| Q2 25 | 24.0% | 20.2% | ||
| Q1 25 | 19.8% | 14.2% | ||
| Q4 24 | 24.7% | 29.9% | ||
| Q3 24 | 2.0% | 15.5% | ||
| Q2 24 | 24.5% | 23.5% | ||
| Q1 24 | 29.4% | -6.1% |
| Q4 25 | 1.9% | 5.8% | ||
| Q3 25 | 3.2% | 6.1% | ||
| Q2 25 | 1.7% | 7.7% | ||
| Q1 25 | 1.5% | 9.3% | ||
| Q4 24 | 1.8% | 7.6% | ||
| Q3 24 | 1.8% | 7.0% | ||
| Q2 24 | 5.9% | 6.1% | ||
| Q1 24 | 3.0% | 7.3% |
| Q4 25 | 5.44× | 1.09× | ||
| Q3 25 | 2.11× | 0.41× | ||
| Q2 25 | — | 2.32× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.93× | ||
| Q3 24 | 0.56× | 1.14× | ||
| Q2 24 | 2.92× | 1.16× | ||
| Q1 24 | 2.78× | 0.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MCHP
| Mixed Signal Microcontrollers | $586.5M | 49% |
| Analog | $322.9M | 27% |
| Other Product Line | $276.6M | 23% |
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
