MCHP · 10-K filed 21 May 2026 · year to 31 Mar 2026

Microchip Technology

32 named things its latest annual report says its results depend on, each in the company's own words. 21 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Distributors

earns from · approximately 47% of our net salesnamed as a risk

Sales to distributors accounted for approximately 47% of our net sales in fiscal 2026 and approximately 45% of our net sales in fiscal 2025.Risk factors (Item 1A)

Also named by AVGO, DXCM, MSA, MTSI, MXL, ON, RMBS, ROK and 1 more

Arrow Electronics

earns from · 12% of our net salesnamed as a risk

With the exception of Arrow Electronics, our largest distributor, which made up 12% and 10% of our net sales, in fiscal 2026 and in fiscal 2025, respectively, no distributor or direct customer accounted for more than 10% of our net sales.Business (Item 1)

Also named by FTNT

U.S. government agencies

earns fromnamed as a risk

A significant portion of our sales are from or are derived from government agencies or customers who sell to U.S. or foreign government agencies.Risk factors (Item 1A)

Also named by ARW, DJCO, FICO, P, VTOL, ZS

Suppliers

Third-party wafer foundries

depends on · approximately 65% and 64%named as a risk

Specifically, during fiscal 2026 and fiscal 2025, approximately 65% and 64%, respectively, of our net sales came from products that were produced at outside wafer foundries.Risk factors (Item 1A)

Third-party assembly and test contractors

depends on · approximately 33% of our assembly requirements and 31% of our test requirementsnamed as a risk

Specifically, during fiscal 2026, approximately 33% of our assembly requirements and 31% of our test requirements were performed by third-party contractors compared to approximately 33% of our assembly requirements and 33% of our test requirements during fiscal 2025.Risk factors (Item 1A)

Semiconductor Manufacturing International Corp. (SMIC)

depends onnamed as a risk

Some of our products are manufactured at SMIC, and some of our suppliers buy products manufactured at YMTC.Risk factors (Item 1A)

Other companies

Nexperia

named as a risk

As a result, some of our customers may experience shortages of these components which may reduce their production volumes and, in turn, reduce demand for our products.Risk factors (Item 1A)

Also named by PAG, VSH

Places

China

earns from · 18%named as a risk

During fiscal 2026, approximately 75% of our net sales were made to foreign customers, including 18% in China and 15% in Taiwan.Risk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Taiwan

earns from · 15%named as a risk

During fiscal 2026, approximately 75% of our net sales were made to foreign customers, including 18% in China and 15% in Taiwan.Risk factors (Item 1A)

Also named by AAOI, AAPL, AB, ADI, AEHR, ALAB, AMAT, AMD and 50 more

Gresham, Oregon (Fab 4)

operates in · approximately 35% of our sales

In fiscal 2026, approximately 35% of our sales came from products produced at our own wafer fabrication facilities that are located in the U.S.Business (Item 1)

Taiwan

depends onnamed as a risk

political instability, including changes in relations between China and Taiwan which could disrupt the operations of our Taiwan-based third-party wafer foundries, and subcontractors;Risk factors (Item 1A)

Also named by AAOI, AAPL, AB, ADI, AEHR, ALAB, AMAT, AMD and 50 more

Middle East

named as a risk

Geopolitical instability and conflicts in the Middle East, including military activity and escalating tensions involving Iran, create significant uncertainty for global markets, including energy and materials markets, and could adversely impact our operations and financial results.Risk factors (Item 1A)

Also named by BKR, CAG, CINF, CPB, CTAS, FLS, GAIN, J and 10 more

Thailand

operates innamed as a risk

In addition, we own product assembly and testing facilities, and finished goods warehouses near Bangkok, Thailand, which has experienced periods of political instability and severe flooding in the past.Risk factors (Item 1A)

Also named by ADI, CB, CIEN, INGR, LITE, LZB, NXT, TER and 3 more

Russia and Belarus

subject tonamed as a risk

While sales of our products into these regions, and to customers that sell into these regions, have been negatively impacted, at this time, we have not experienced a material adverse impact on our revenue.Risk factors (Item 1A)

Also named by HPE

Philippines

operates in

During fiscal 2026, we increased capabilities at our Thailand and Philippines facilities to support more technologies by making process improvements, upgrading existing equipment, and adding equipment.Business (Item 1)

Also named by ACN, ADI, AEHR, COF, FDS, HRL, INTU, LITE and 5 more

Hazards

Thailand flooding

operates innamed as a risk

While our facilities in Thailand have continued to operate normally, there can be no assurance that future flooding in Thailand would not have a material adverse impact on our operations.Risk factors (Item 1A)

Commodities and inputs

Fuel

exposed to its pricenamed as a risk

Significant increases in fuel costs, reductions in carrier capacity, or extended transit times could materially increase our transportation and distribution expenses.Risk factors (Item 1A)

Also named by ASO, CARR, COR, CPNG, CPRT, DDS, DKS, DY and 16 more

Rare earth elements

depends onnamed as a risk

If China further restricts exports or pressures other countries to do so, our suppliers may face shortages, longer lead times, or increased costs.Risk factors (Item 1A)

Also named by BBY, GM, ISRG, KLAC, LRCX, MU, RTX, VRT

Helium

depends onnamed as a risk

For example, Qatar accounts for more than one‑third of the world’s helium production, and recent Iranian drone strikes halted operations at major helium facilities.Risk factors (Item 1A)

Also named by ATI, GEHC, LIN, LRCX, WOR

Memory components

depends onnamed as a risk

For example, as memory manufacturers transition to more advanced products, availability of the memory components we use may become constrained, have longer lead times, or become more expensive.Risk factors (Item 1A)

Also named by BBY, CSCO, LBTYA, NTAP, PANW

Bromine

depends onnamed as a risk

Additionally, bromine supplies are also at risk, as approximately two‑thirds of the global production originates from Israel and Jordan, and disruptions in the region could affect semiconductor etching, detection, and circuit‑formation processes.Risk factors (Item 1A)

Regulators

Malaysian Inland Revenue Board

subject to · MYR 1.9 billion (approximately $480.2 million based on the exchange rate as of March 31, 2026)named as a risk

If the adjustment is upheld by the highest court that has jurisdiction over this matter in Malaysia, it could result in income taxes and penalties up to MYR 1.9 billion (approximately $480.2 million based on the exchange rate as of March 31, 2026).Risk factors (Item 1A)

U.S. Department of Commerce

subject tonamed as a risk

For example, in October 2022, the U.S. Department of Commerce published a regulation that imposed restrictions on activities in or involving China, Hong Kong, and Macau related to advanced computing integrated circuits (ICs), advanced-node ICs, computers and other commodities that contain such ICs, certain semiconductor manufacturing items, and supercomputers.Risk factors (Item 1A)

Also named by AIR, ALAB, AMKR, AXON, DELL, DLTR, ENTG, FSLR and 9 more

China Ministry of Commerce

subject tonamed as a risk

For example, on September 13, 2025, China's Ministry of Commerce initiated an antidumping investigation of imports into China of analog semiconductors originating in the United States.Risk factors (Item 1A)

Laws and programs

General Data Protection Regulation (GDPR)

subject tonamed as a risk

Furthermore, the GDPR and the U.K. equivalent of the GDPR expose us to two parallel data protection regimes in Europe, each of which potentially authorizes fines and enforcement actions for certain violations.Risk factors (Item 1A)

Also named by A, AB, ABNB, ADBE, ADP, AGX, AIOT, AJG and 100 more

U.S. Export Administration Regulations (EAR)

subject tonamed as a risk

As a result, we could not ship or transfer products or other items that are governed by the U.S. Export Administration regulations (EAR) to those entities until they were removed from the Entity List.Risk factors (Item 1A)

Also named by ADI, ALAB, AMD, APP, ARW, AVGO, CARR, CDRE and 40 more

Cybersecurity Maturity Model Certification (CMMC)

subject tonamed as a risk

To be awarded new contracts after November 10, 2025 for the U.S. government, we may be required to meet a CMMC level that we may not meet, or may choose not to meet.Risk factors (Item 1A)

Also named by ADI, AVAV, BWXT, GE, HEI, HLIO, HON, HWM and 15 more

Dodd-Frank Act conflict minerals rule

subject tonamed as a risk

We have filed a Form SD with the SEC regarding such matters annually since June 2, 2014.Risk factors (Item 1A)

Also named by LFUS, POWL

U.S. National Defense Authorization Act for Fiscal Year 2023 Section 5949

subject tonamed as a risk

If we are unable to alternately source or manufacture certain of our products, or discontinue use of products from Prohibited Companies, if any, when Section 5949 of the FY2023 NDAA go into effect in December 2027, this could adversely impact our sales to U.S. government agencies and their prime customers.Risk factors (Item 1A)

U.S. Section 232 semiconductor tariffs

subject tonamed as a risk

Although semiconductors remain exempt from most of the recent tariff actions, an increase in tariffs on semiconductors is expected to be imposed once the Section 232 investigation into the impact on U.S. national security by imports of semiconductors, semiconductor manufacturing equipment and their derivative products is concluded.Risk factors (Item 1A)

IEEPA tariffs

subject to

Although Microchip was the importer of record for products that were subject to tariffs imposed under IEEPA and should be entitled to a refund, the timing and the amount of any such recovery is not yet clear.Risk factors (Item 1A)

Also named by CAH, FCNCA, FSLR, RL, SOLV, TGT, VFC

Technology

SuperFlash

earns fromnamed as a risk

If our licensees experienced disruption in supply at such foundries, this would reduce the revenue from our technology licensing business and would harm our operating results.Risk factors (Item 1A)