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微芯科技（MCHP）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
微芯科技的季度营收约是思佳讯的1.1倍（$1.2B vs $1.0B），思佳讯净利率更高（7.6% vs 5.3%，领先2.4%），微芯科技同比增速更快（15.6% vs 8.6%），思佳讯自由现金流更多（$339.0M vs $318.9M），过去两年思佳讯的营收复合增速更高（-0.5% vs -5.4%）
微芯科技（Microchip Technology）是美国知名上市半导体企业，主营微控制器、混合信号芯片、模拟芯片及闪存知识产权（Flash-IP）相关集成电路的研发、生产与销售，产品覆盖工业控制、汽车电子、消费电子、物联网等众多领域，在全球半导体细分市场拥有领先地位。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
MCHP vs SWKS — 直观对比
营收规模更大
MCHP
是对方的1.1倍
$1.0B
营收增速更快
MCHP
高出7.0%
8.6%
净利率更高
SWKS
高出2.4%
5.3%
自由现金流更多
SWKS
多$20.1M
$318.9M
两年增速更快
SWKS
近两年复合增速
-5.4%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.0B |
| 净利润 | $62.7M | $79.2M |
| 毛利率 | 59.6% | 41.3% |
| 营业利润率 | 12.8% | 10.0% |
| 净利率 | 5.3% | 7.6% |
| 营收同比 | 15.6% | 8.6% |
| 净利润同比 | 217.0% | 15.3% |
| 每股收益（稀释后） | $0.06 | $0.53 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收MCHPSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | $965.0M | ||
| Q1 25 | $970.5M | $953.2M | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.2B | $905.5M |
净利润MCHPSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $62.7M | $141.4M | ||
| Q3 25 | $41.7M | — | ||
| Q2 25 | $-18.6M | $105.0M | ||
| Q1 25 | $-154.6M | $68.7M | ||
| Q4 24 | $-53.6M | $162.0M | ||
| Q3 24 | $78.4M | $60.5M | ||
| Q2 24 | $129.3M | $120.9M |
毛利率MCHPSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 59.6% | 40.7% | ||
| Q3 25 | 55.9% | — | ||
| Q2 25 | 53.6% | 41.6% | ||
| Q1 25 | 51.6% | 41.1% | ||
| Q4 24 | 54.7% | 41.4% | ||
| Q3 24 | 57.4% | 41.9% | ||
| Q2 24 | 59.4% | 40.2% |
营业利润率MCHPSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 12.8% | 10.1% | ||
| Q3 25 | 7.8% | — | ||
| Q2 25 | 3.0% | 11.5% | ||
| Q1 25 | -10.3% | 10.2% | ||
| Q4 24 | 3.0% | 16.9% | ||
| Q3 24 | 12.6% | 5.8% | ||
| Q2 24 | 17.7% | 14.4% |
净利率MCHPSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 5.3% | 12.9% | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | -1.7% | 10.9% | ||
| Q1 25 | -15.9% | 7.2% | ||
| Q4 24 | -5.2% | 15.2% | ||
| Q3 24 | 6.7% | 5.9% | ||
| Q2 24 | 10.4% | 13.4% |
每股收益（稀释后）MCHPSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $0.06 | $0.95 | ||
| Q3 25 | $0.03 | — | ||
| Q2 25 | $-0.09 | $0.70 | ||
| Q1 25 | $-0.29 | $0.43 | ||
| Q4 24 | $-0.10 | $1.00 | ||
| Q3 24 | $0.14 | $0.36 | ||
| Q2 24 | $0.24 | $0.75 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $250.7M | $1.6B |
| 总债务越低越好 | $5.4B | $496.6M |
| 股东权益账面价值 | $6.6B | $5.8B |
| 总资产 | $14.3B | $7.9B |
| 负债/权益比越低杠杆越低 | 0.82× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资MCHPSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $250.7M | $1.4B | ||
| Q3 25 | $236.8M | — | ||
| Q2 25 | $566.5M | $1.3B | ||
| Q1 25 | $771.7M | $1.5B | ||
| Q4 24 | $586.0M | $1.7B | ||
| Q3 24 | $286.1M | $1.6B | ||
| Q2 24 | $315.1M | $1.3B |
总债务MCHPSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $5.4B | $496.4M | ||
| Q3 25 | $5.4B | — | ||
| Q2 25 | $5.5B | $496.2M | ||
| Q1 25 | $5.6B | $995.1M | ||
| Q4 24 | $6.7B | $994.7M | ||
| Q3 24 | $6.4B | $994.3M | ||
| Q2 24 | $6.2B | $994.0M |
股东权益MCHPSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $6.6B | $5.8B | ||
| Q3 25 | $6.7B | — | ||
| Q2 25 | $6.9B | $5.7B | ||
| Q1 25 | $7.1B | $5.9B | ||
| Q4 24 | $6.0B | $6.4B | ||
| Q3 24 | $6.3B | $6.3B | ||
| Q2 24 | $6.4B | $6.3B |
总资产MCHPSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $14.3B | $7.9B | ||
| Q3 25 | $14.5B | — | ||
| Q2 25 | $15.0B | $7.7B | ||
| Q1 25 | $15.4B | $7.9B | ||
| Q4 24 | $15.6B | $8.3B | ||
| Q3 24 | $15.6B | $8.3B | ||
| Q2 24 | $15.8B | $8.2B |
负债/权益比MCHPSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 0.82× | 0.09× | ||
| Q3 25 | 0.80× | — | ||
| Q2 25 | 0.80× | 0.09× | ||
| Q1 25 | 0.80× | 0.17× | ||
| Q4 24 | 1.12× | 0.16× | ||
| Q3 24 | 1.02× | 0.16× | ||
| Q2 24 | 0.96× | 0.16× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $341.4M | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $318.9M | $339.0M |
| 自由现金流率自由现金流/营收 | 26.9% | 32.7% |
| 资本支出强度资本支出/营收 | 1.9% | 5.5% |
| 现金转化率经营现金流/净利润 | 5.44× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $819.9M | $1.1B |
8季度趋势，按日历期对齐
经营现金流MCHPSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $341.4M | $200.0M | ||
| Q3 25 | $88.1M | — | ||
| Q2 25 | $275.6M | $314.2M | ||
| Q1 25 | $205.9M | $409.4M | ||
| Q4 24 | $271.5M | $377.2M | ||
| Q3 24 | $43.6M | $476.1M | ||
| Q2 24 | $377.1M | $273.4M |
自由现金流MCHPSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $318.9M | $144.0M | ||
| Q3 25 | $51.6M | — | ||
| Q2 25 | $257.7M | $252.7M | ||
| Q1 25 | $191.7M | $370.9M | ||
| Q4 24 | $253.4M | $338.2M | ||
| Q3 24 | $22.8M | $393.3M | ||
| Q2 24 | $304.2M | $249.0M |
自由现金流率MCHPSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 26.9% | 13.1% | ||
| Q3 25 | 4.5% | — | ||
| Q2 25 | 24.0% | 26.2% | ||
| Q1 25 | 19.8% | 38.9% | ||
| Q4 24 | 24.7% | 31.7% | ||
| Q3 24 | 2.0% | 38.4% | ||
| Q2 24 | 24.5% | 27.5% |
资本支出强度MCHPSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 1.9% | 5.1% | ||
| Q3 25 | 3.2% | — | ||
| Q2 25 | 1.7% | 6.4% | ||
| Q1 25 | 1.5% | 4.0% | ||
| Q4 24 | 1.8% | 3.6% | ||
| Q3 24 | 1.8% | 8.1% | ||
| Q2 24 | 5.9% | 2.7% |
现金转化率MCHPSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 5.44× | 1.41× | ||
| Q3 25 | 2.11× | — | ||
| Q2 25 | — | 2.99× | ||
| Q1 25 | — | 5.96× | ||
| Q4 24 | — | 2.33× | ||
| Q3 24 | 0.56× | 7.87× | ||
| Q2 24 | 2.92× | 2.26× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
MCHP
| Mixed Signal Microcontrollers | $586.5M | 49% |
| Analog | $322.9M | 27% |
| Other Product Line | $276.6M | 23% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
