MCHPP — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-06

• •Our expectations regarding our inventory levels and revenue growth;

• •The ability of our partners to provide services, supplies, and materials and continued performance under financial challenges;

• •Our belief that familiarity with and adoption of development tools from us and from our third-party development tool partners will be an important factor in the future selection of our embedded control products;

• •The impact on our business from the global minimum tax (GMT) and the Side-by-Side system introduced by the Organisation for Economic Co-operation and Development;

• In March 2025, we implemented a business recovery plan which included restructuring actions to reduce our costs, resize our manufacturing operations and reduce our headcount. In fiscal 2026, we saw an improvement in our overall business due to increased demand after our customers reduced excess inve…

Text removed vs the prior filing · source: 10-Q · 2026-02-05

• •Our expectation regarding the treatment of our unrecognized tax benefits in the next 12 months;

• •Our expectation that the global minimum tax (GMT) will not have a material impact on our fiscal 2026 results;

• •Our expectations regarding the amount, timing, and future applications for investment tax credits under the CHIPS Act;

• During most of fiscal 2025, our overall business was weak as we navigated through a large inventory correction. However, in the first nine months of fiscal 2026, we saw a significant improvement in our overall business compared to the fourth quarter of fiscal 2025. Net sales in our mixed-signal micr…

• Three Months Ended December 31,Nine Months Ended December 31,

Text added vs the prior filing · source: 10-Q · 2026-08-06

• •impact of supplier disruptions affecting the availability and cost of raw materials, components, or equipment;

• •impact of restrictions, export controls, or other limitations on critical materials sourced from concentrated suppliers reducing sales;

• •impact of geopolitical instability in the Middle East on the availability of critical semiconductor materials, fuel costs, and our ability to meet customer demand;

• •impact of evolving risks related to artificial intelligence (AI), cybersecurity and data privacy across our products, operations, regulatory compliance, intellectual property, talent, and transactions;

• •our ability to introduce new products that will achieve broad market acceptance at favorable prices and margins;

Text removed vs the prior filing · source: 10-Q · 2026-02-05

• •impact of price increases, increased tariffs, raw material availability or other factors affecting our suppliers;

• •our ability to introduce new products that will achieve broad market acceptance at favorable prices and margins;

• Our operating results may be adversely impacted by the financial viability and performance of our licensees, customers, distributors, resellers or suppliers.

• We regularly review the financial viability and performance of our licensees, customers, distributors, resellers and suppliers. Any downturn in global or regional economic conditions as a result of the enactment of broad sanctions or tariffs by the U.S. or other countries, high interest rates, high …

• We have various arrangements with financial institutions for our cash deposits, and other banking activities, that subject us to risk if such institutions were to experience financial or regulatory difficulties. As a result, we may experience losses on our holdings of cash and cash equivalents due t…

Text added vs the prior filing · source: 10-Q · 2026-08-06

• The following officer, as defined in Rule 16a-1(f) of the Exchange Act, adopted a "Rule 10b5-1 trading arrangement," as defined in Item 408 of Regulation S-K as follows:

• On May 15, 2026, Steve Sanghi, our CEO and President, adopted a new Rule 10b5-1 trading arrangement providing for the sale (from an account in the name of Sanghi Family Limited Partnership Steve and Maria Sanghi) of an aggregate of up to 950,236 shares of our common stock acquired by Mr. Sanghi purs…

• No other officers or directors, as defined in Rule 16a-1(f), adopted or terminated a "Rule 10b5-1 trading arrangement" or a "non-Rule 10b5-1 trading arrangement," as defined in Item 408 of Regulation S-K, during the fiscal quarter ended June 30, 2026.

Text removed vs the prior filing · source: 10-Q · 2026-02-05

• No officers or directors, as defined in Rule 16a-1(f), adopted or terminated a "Rule 10b5-1 trading arrangement" or a "non-Rule 10b5-1 trading arrangement," as defined in Item 408 of Regulation S-K, during the last fiscal quarter.