Microchip Technology (MCHPP) Tax Rate (2009 - 2026)
Microchip Technology's (MCHPP) quarterly Tax Rate came in at 12.02% in Q1 2026, up 388.0% year-on-year from 2.46% in Q1 2025, and down 63.59% quarter-over-quarter from 33.01% in Q4 2025.
Microchip Technology (MCHPP) Tax Rate (2009 - 2026) Analysis & Trends
Microchip Technology has disclosed Tax Rate across 18 years of filings, most recently posting 12.02% for Q1 2026.
- Tax Rate for Q1 2026 came in at 12.02%, up 388.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 15.9% (down 8538.0% YoY), and the FY2026 annual result was 15.9%, down 8538.0% from the prior year.
- Tax Rate came in at 12.02% for Q1 2026 at Microchip Technology, down from 33.01% 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.
- The 5-year median for Tax Rate is 20.03% (2023), against an average of 11.79%.
- Peak annual rise in Tax Rate reached 4928 bps in 2025, while the deepest fall reached 4545 bps in 2025.
- Microchip Technology's Tax Rate stood at 23.87% in 2022, then plunged by 44 bps to 13.44% in 2023, then slumped by 221 bps to 16.27% in 2024, then soared by 303 bps to 33.01% in 2025, then sank by 64 bps to 12.02% in 2026.
- The last three Tax Rate figures came in at 12.02% (Q1 2026), 33.01% (Q4 2025), and 31.13% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,119.49 Bn | 5,076.01 Bn | 61.16 Bn | 16.59 |
| 2 | Broadcom | 1,946.04 Bn | 1,926.41 Bn | 15.42 Bn | 8.09 |
| 3 | Micron Technology | 1,288.71 Bn | 1,274.12 Bn | 17.76 Bn | 14.67 |
| 4 | Taiwan Semiconductor Manufacturing | 1,080.21 Bn | 983.26 Bn | 23.77 Bn | 16.72 |
| 5 | Advanced Micro Devices | 879.94 Bn | 867.59 Bn | 5.42 Bn | 14.84 |
| 6 | Intel | 681.83 Bn | 662.64 Bn | 5.35 Bn | -8.49 |
| 7 | Texas Instruments | 293.38 Bn | 288.27 Bn | 2.80 Bn | 9.86 |
| 8 | Marvell Technology | 274.06 Bn | 270.21 Bn | 1.26 Bn | 58.58 |
| 9 | Qualcomm | 241.64 Bn | 231.84 Bn | 4.16 Bn | -230.20 |
| 10 | Microchip Technology | - | - | 799.60 Mn | 12.02 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.02% |
| Mar 31, 2026 | 12.02% |
| Dec 31, 2025 | 33.01% |
| Dec 31, 2025 | 33.01% |
| Sep 30, 2025 | -31.13% |
| Sep 30, 2025 | -31.13% |
| Jun 30, 2025 | -17.72% |
| Jun 30, 2025 | -17.72% |
| Mar 31, 2025 | 8.14% |
| Mar 31, 2025 | 8.14% |
| Dec 31, 2024 | -16.27% |
| Dec 31, 2024 | -16.27% |
| Sep 30, 2024 | 14.32% |
| Sep 30, 2024 | 14.32% |
| Jun 30, 2024 | 20.09% |
| Jun 30, 2024 | 20.09% |
| Mar 31, 2024 | 22.53% |
| Mar 31, 2024 | 22.53% |
| Dec 31, 2023 | 13.44% |
| Dec 31, 2023 | 13.44% |