# Who are Microchip Technology's customers? Who does Microchip Technology earn revenue from?
Canonical: https://valuechain.wiki/microchip · Facet: customers · Updated: 2026-07-12T04:52:22.806+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Microchip Technology discloses no named confirmed revenue counterparties; 4 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 4 revenue edges, backed by 4 dated sources, 2 of them primary filings (as of 2026-07-12).

### 전장·자동차 (MCU·아날로그) (high)
- note: Supplies automotive MCUs, analog and power chips — structural demand as electrification and ADAS raise chip content per car, but results tie directly to the automaker inventory and production cycle. FY2026 group revenue rebounded to $4,713.1M (+7.1%) as destocking ended, with all product lines and geographies up; foreign sales are ~75%.
- [confirms] Microchip Technology (SEC 10-K) (EN, filing, published 2026-05-21) https://www.sec.gov/Archives/edgar/data/827054/000082705426000016/mchp-20260331.htm: "FY2026 net sales $4,713.1M (+7.1%); all lines/geographies up as destocking ended; foreign ~75%."
- [confirms] Stockplus (KO, news, published 2026-01-01) https://insight.stockplus.com/articles/5224: "Automotive/industrial are Microchip’s core markets."
- [confirms] SEC EDGAR (EN, filing, published 2025-08-01) https://www.sec.gov/Archives/edgar/data/0000827054/000082705425000132/exhibit991q1fy26.htm: "FY2025 revenue $4.4B, MCU 53%."

### 유통 채널(애로우 일렉트로닉스 12% 등, ~101,000 고객) (high)
- note: About 47% of FY2026 sales went through distributors (53% direct) — the largest distributor, Arrow Electronics, was 12% of sales (10% in FY2025), the only customer above 10%; otherwise no customer or distributor exceeds 10% across ~101,000 customers, a diversified base. Distributor inventory levels are a swing factor for quarterly sales.
- [confirms] Microchip Technology (SEC 10-K) (EN, filing, published 2026-05-21) https://www.sec.gov/Archives/edgar/data/827054/000082705426000016/mchp-20260331.htm: "47% via distributors; Arrow 12% (only >10% customer); ~101,000 customers."
- [mentions] KeyBanc (EN, research, published 2026-05-08) https://www.marketbeat.com/stocks/NASDAQ/MCHP/forecast/: "Consensus Buy (avg ~$114): KeyBanc Overweight $135 (inventory reductions, lower underutilization charges, longer lead times confirm cyclical recovery), Morgan Stanley Equal Weight $94 — near-complete inventory normalization is the thesis."

### 데이터센터 (커넥티비티·타이밍) (mid)
- note: Supplies datacenter connectivity, timing and memory parts (a $0.3B+ unit) — the new-growth axis diversifying away from automotive/industrial, where AI-infrastructure build-outs lift its revenue.
- [confirms] SEC EDGAR (EN, filing, published 2025-08-01) https://www.sec.gov/Archives/edgar/data/0000827054/000082705425000132/exhibit991q1fy26.htm: "Data Center Solutions BU ~$300M in 2025."

### 산업·임베디드 (MCU) (mid)
- note: Supplies MCUs to industrial automation and embedded devices — a large revenue axis and the demand line most sensitive to the inventory cycle. FY2026 MCU revenue rose 4.7% and analog 14.9% as demand recovered, with distributor days of inventory normalizing from 33 to 26 days, supporting the trough-passing thesis.
- [confirms] Microchip Technology (SEC 10-K) (EN, filing, published 2026-05-21) https://www.sec.gov/Archives/edgar/data/827054/000082705426000016/mchp-20260331.htm: "MCU +4.7%, analog +14.9% FY2026; distributor inventory 33→26 days."
- [confirms] Stockplus (KO, news, published 2026-01-01) https://insight.stockplus.com/articles/5224: "MCUs are 53% of revenue."

Reverse side: https://valuechain.wiki/microchip/suppliers.md · Ripple: https://valuechain.wiki/microchip/ripple.md

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