Microchip Technology (MCHP) Tax Rate (2009 - 2026)
Microchip Technology's (MCHP) quarterly Tax Rate came in at 20.73% in Q2 2026, up 3845.0% year-over-year from 0.53% in Q2 2025, and up 72.48% quarter-over-quarter from 12.02% in Q1 2026.
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Microchip Technology (MCHP) Tax Rate (2009 - 2026) Analysis & Trends
Microchip Technology has disclosed Tax Rate across 18 years of filings, most recently posting 20.73% for Q2 2026.
- In Q2 2026, Tax Rate rose 3845.0% year-over-year to 20.73%; the TTM figure through Jun 2026 stood at 17.4% (up 2440.0% YoY), while the FY2026 annual figure was 15.9%, down 8538.0% from the prior year.
- Tax Rate came in at 20.73% for Q2 2026 at Microchip Technology, up from 12.02% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 33.01% in Q4 2025 to a low of 31.13% in Q3 2025.
- Average Tax Rate over 5 years is 12.29%, with a median of 20.06% recorded in 2023.
- The largest YoY upside for Tax Rate was 4928 bps in 2025 against a maximum downside of 4545 bps in 2025.
- Over 5 years, Tax Rate stood at 23.87% in 2022, then slumped by 44 bps to 13.44% in 2023, then plunged by 221 bps to 16.27% in 2024, then soared by 303 bps to 33.01% in 2025, then plunged by 37 bps to 20.73% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 20.73% in Q2 2026, 12.02% in Q1 2026, and 33.01% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Taiwan Semiconductor Manufacturing | 2,257.24 Bn | 2,151.86 Bn | 27.22 Bn | 18.05% |
| 2 | Micron Technology | 1,157.14 Bn | 1,131.11 Bn | 35.06 Bn | 14.99% |
| 3 | Intel | 540.11 Bn | 510.38 Bn | 6.51 Bn | -0.27% |
| 4 | Texas Instruments | 238.20 Bn | 231.20 Bn | 3.35 Bn | 11.53% |
| 5 | Analog Devices | 177.02 Bn | 174.69 Bn | 2.71 Bn | 13.31% |
| 6 | NXP Semiconductors | 56.40 Bn | 53.18 Bn | 2.00 Bn | 19.40% |
| 7 | United Microelectronics | 55.29 Bn | 51.33 Bn | 706.26 Mn | -6.56% |
| 8 | STMicroelectronics | 46.05 Bn | 41.79 Bn | 1.22 Bn | -11.76% |
| 9 | Microchip Technology | 39.55 Bn | 39.28 Bn | 938.90 Mn | 20.73% |
| 10 | On Semiconductor | 27.67 Bn | 23.80 Bn | 616.30 Mn | 16.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.73% |
| Mar 31, 2026 | 12.02% |
| Dec 31, 2025 | 33.01% |
| Sep 30, 2025 | -31.13% |
| Jun 30, 2025 | -17.72% |
| Mar 31, 2025 | 8.14% |
| Dec 31, 2024 | -16.27% |
| Sep 30, 2024 | 14.32% |
| Jun 30, 2024 | 20.09% |
| Mar 31, 2024 | 22.53% |
| Dec 31, 2023 | 13.44% |
| Sep 30, 2023 | 20.03% |
| Jun 30, 2023 | 21.44% |
| Mar 31, 2023 | 24.67% |
| Dec 31, 2022 | 23.87% |
| Sep 30, 2022 | 21.87% |
| Jun 30, 2022 | 21.56% |
| Mar 31, 2022 | 8.62% |
| Dec 31, 2021 | 20.09% |
| Sep 30, 2021 | 8.61% |