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微芯科技（MCHP）与泰瑞达（TER）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泰瑞达的1.1倍（$1.2B vs $1.1B），泰瑞达净利率更高（23.7% vs 5.3%，领先18.5%），泰瑞达同比增速更快（43.9% vs 15.6%），微芯科技自由现金流更多（$318.9M vs $218.8M），过去两年泰瑞达的营收复合增速更高（34.4% 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。
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
MCHP vs TER — 直观对比
营收规模更大
MCHP
是对方的1.1倍
$1.1B
营收增速更快
TER
高出28.3%
15.6%
净利率更高
TER
高出18.5%
5.3%
自由现金流更多
MCHP
多$100.1M
$218.8M
两年增速更快
TER
近两年复合增速
-5.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.1B |
| 净利润 | $62.7M | $257.2M |
| 毛利率 | 59.6% | 57.2% |
| 营业利润率 | 12.8% | 27.1% |
| 净利率 | 5.3% | 23.7% |
| 营收同比 | 15.6% | 43.9% |
| 净利润同比 | 217.0% | 75.9% |
| 每股收益（稀释后） | $0.06 | $1.62 |
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MCHPTER
| 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 |
净利润MCHPTER
| 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 |
毛利率MCHPTER
| 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% |
营业利润率MCHPTER
| 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% |
净利率MCHPTER
| 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% |
每股收益（稀释后）MCHPTER
| 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 |
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 | $293.8M |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $6.6B | $2.8B |
| 总资产 | $14.3B | $4.2B |
| 负债/权益比越低杠杆越低 | 0.82× | — |
8季度趋势，按日历期对齐
现金及短期投资MCHPTER
| 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 |
总债务MCHPTER
| 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 | — |
股东权益MCHPTER
| 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 |
总资产MCHPTER
| 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 |
负债/权益比MCHPTER
| 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× | — |
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 | $281.6M |
| 自由现金流经营现金流 - 资本支出 | $318.9M | $218.8M |
| 自由现金流率自由现金流/营收 | 26.9% | 20.2% |
| 资本支出强度资本支出/营收 | 1.9% | 5.8% |
| 现金转化率经营现金流/净利润 | 5.44× | 1.09× |
| 过去12个月自由现金流最近4个季度 | $819.9M | $450.4M |
8季度趋势，按日历期对齐
经营现金流MCHPTER
| 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 |
自由现金流MCHPTER
| 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 |
自由现金流率MCHPTER
| 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% |
资本支出强度MCHPTER
| 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% |
现金转化率MCHPTER
| 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× |
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% |
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% |
