MCHP vs. Q: Microchip vs. Qnity Electronics Stock Comparison

November 11, 2026

How do Microchip (MCHP) and Qnity Electronics (Q) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Microchip (MCHP) and Qnity Electronics (Q) both belong to the Semiconductors & Semiconductor Equipment industry, though MCHP is classified under Semiconductors while Q falls under Semiconductor Materials & Equipment.

Microchip (MCHP) carries decades of public-market history since March 19, 1993, while Qnity Electronics (Q) listed on October 27, 2025 — long-window comparisons have far more historical data on the MCHP side.

Company profile comparison for Microchip (MCHP) and Qnity Electronics (Q)
Profile Item	MCHP	Q
Name	Microchip Technology Inc.	Qnity Electronics Inc.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors	Semiconductor Materials & Equipment
Market Capitalization	31.76 billion USD	24.46 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	March 19, 1993	October 27, 2025
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

MCHP

GSPC

Microchip (MCHP) vs. Qnity Electronics (Q), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Microchip (MCHP) and Qnity Electronics (Q). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Microchip (MCHP) and Qnity Electronics (Q). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Microchip (MCHP) and Qnity Electronics (Q)
Metric	MCHP	Q
Total Return (1Y)	11.53%	35.04%
Total Return (3Y, Annualized)	-3.63%	--
Total Return (5Y, Annualized)	-3.83%	--

Risk Profile

Drawdown History

MCHP

GSPC

Microchip (MCHP) vs. Qnity Electronics (Q), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Microchip (MCHP) and Qnity Electronics (Q). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Microchip (MCHP) and Qnity Electronics (Q)
Metric	MCHP	Q
Volatility (1Y, Annualized)	52.96%	55.87%
Beta (5Y)	1.91	1.49
Max Drawdown (5Y)	-63.77%	-38.03%
Avg. Volume (3M)	10.34M	1.73M

Risk-Adjusted Performance

Risk-Return Positioning

MCHP and Q are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Microchip (MCHP) and Qnity Electronics (Q)
Metric	MCHP	Q
Sharpe Ratio (1Y)	0.14	0.55
Sortino Ratio (1Y)	0.21	0.80

Profitability

ROE (TTM)

Both Microchip (MCHP) at 12.57% and Qnity Electronics (Q) at 6.98% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

MCHP

Semiconductors & Semiconductor Equipment industry group

12.57%

Max: 52.82%
Q3: 22.26%
MCHP: 12.57%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

Q

Semiconductors & Semiconductor Equipment industry group

6.98%

Max: 52.82%
Q3: 22.26%
Median: 10.58%
Q: 6.98%
Q1: 1.29%
Min: -16.89%

Microchip (MCHP) vs. Qnity Electronics (Q): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

Both Microchip (MCHP) at 14.96% and Qnity Electronics (Q) at 10.16% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

MCHP

Semiconductors & Semiconductor Equipment industry group

14.96%

Max: 63.80%
Q3: 28.36%
MCHP: 14.96%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

Q

Semiconductors & Semiconductor Equipment industry group

10.16%

Max: 63.80%
Q3: 28.36%
Median: 11.44%
Q: 10.16%
Q1: 0.90%
Min: -37.77%

Microchip (MCHP) vs. Qnity Electronics (Q): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Both Microchip (MCHP) at 29.13% and Qnity Electronics (Q) at 25.00% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

MCHP

Semiconductors & Semiconductor Equipment industry group

29.13%

Max: 58.66%
Q3: 30.23%
MCHP: 29.13%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

Q

Semiconductors & Semiconductor Equipment industry group

25.00%

Max: 58.66%
Q3: 30.23%
Q: 25.00%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

Microchip (MCHP) vs. Qnity Electronics (Q): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Microchip (MCHP) and Qnity Electronics (Q)
Metric	MCHP	Q
ROE (TTM)	12.57%	6.98%
ROA (TTM)	5.19%	5.78%
Net Margin (TTM)	14.96%	10.16%
Operating Margin (TTM)	29.13%	25.00%
Gross Margin (TTM)	62.70%	46.92%

Growth

Revenue Growth

Both Microchip (MCHP) at 7.08% and Qnity Electronics (Q) at 9.67% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Microchip (MCHP) vs. Qnity Electronics (Q): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Qnity Electronics (Q) reports EPS growth of -0.27%, ranked against its industry; Microchip (MCHP) has no EPS growth figure this period.

Microchip (MCHP) vs. Qnity Electronics (Q): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Microchip (MCHP) and Qnity Electronics (Q)
Metric	MCHP	Q
Revenue Growth (YoY)	7.08%	9.67%
Revenue Growth (3Y CAGR)	-17.65%	-0.01%
EPS Growth (YoY)	--	-0.27%
EPS Growth (3Y CAGR)	-62.03%	--

Financial Strength

Current Ratio (MRQ)

Both Microchip (MCHP) at 2.24 and Qnity Electronics (Q) at 2.09 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

MCHP

Semiconductors & Semiconductor Equipment industry group

2.24

Max: 10.33
Q3: 5.62
Median: 3.33
Q1: 2.35
MCHP: 2.24
Min: 1.03

Q

Semiconductors & Semiconductor Equipment industry group

2.09

Max: 10.33
Q3: 5.62
Median: 3.33
Q1: 2.35
Q: 2.09
Min: 1.03

Microchip (MCHP) vs. Qnity Electronics (Q): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Qnity Electronics (Q) at 0.57 carries an industry-typical debt-to-equity mix, while Microchip (MCHP) at 0.84 uses more debt funding than most peers.

MCHP

Semiconductors & Semiconductor Equipment industry group

0.84

Max: 1.46
MCHP: 0.84
Q3: 0.65
Median: 0.27
Q1: 0.04
Min: 0.00

Q

Semiconductors & Semiconductor Equipment industry group

0.57

Max: 1.46
Q3: 0.65
Q: 0.57
Median: 0.27
Q1: 0.04
Min: 0.00

Microchip (MCHP) vs. Qnity Electronics (Q): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Microchip (MCHP) and Qnity Electronics (Q)
Metric	MCHP	Q
Current Ratio (MRQ)	2.24	2.09
Debt / Equity (MRQ)	0.84	0.57
Net Debt / EBITDA	2.73	2.07

Dividends

Dividend Yield (TTM)

Qnity Electronics (Q) at 0.27% pays an industry-typical yield; Microchip (MCHP) at 2.81% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

MCHP

Semiconductors & Semiconductor Equipment industry group

2.81%

MCHP: 2.81%
Max: 1.37%
Q3: 0.65%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Q

Semiconductors & Semiconductor Equipment industry group

0.27%

Max: 1.37%
Q3: 0.65%
Q: 0.27%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Microchip (MCHP) vs. Qnity Electronics (Q): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Microchip (MCHP) reports payout ratio above 100% at 136.84%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Qnity Electronics (Q) reports 11.28%, ranking against industry peers normally.

MCHP

Semiconductors & Semiconductor Equipment industry group

136.84%

MCHP: 136.84%
Max: 49.64%
Q3: 21.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Q

Semiconductors & Semiconductor Equipment industry group

11.28%

Max: 49.64%
Q3: 21.71%
Q: 11.28%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Microchip (MCHP) vs. Qnity Electronics (Q): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Microchip (MCHP) and Qnity Electronics (Q)
Metric	MCHP	Q
Dividend Yield (TTM)	2.81%	0.27%
Dividend Payout Ratio (TTM)	136.84%	11.28%

Valuation

P/E Ratio (TTM)

Both Microchip (MCHP) at 43.87 and Qnity Electronics (Q) at 43.98 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

MCHP

Semiconductors & Semiconductor Equipment industry group

43.87

Max: 110.34
Q3: 66.81
MCHP: 43.87
Median: 37.02
Q1: 23.96
Min: 8.12

Q

Semiconductors & Semiconductor Equipment industry group

43.98

Max: 110.34
Q3: 66.81
Q: 43.98
Median: 37.02
Q1: 23.96
Min: 8.12

Microchip (MCHP) vs. Qnity Electronics (Q): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Microchip (MCHP) at 5.67 and Qnity Electronics (Q) at 4.46 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

MCHP

Semiconductors & Semiconductor Equipment industry group

5.67

Max: 21.42
Q3: 12.27
Median: 5.76
MCHP: 5.67
Q1: 2.73
Min: 0.00

Q

Semiconductors & Semiconductor Equipment industry group

4.46

Max: 21.42
Q3: 12.27
Median: 5.76
Q: 4.46
Q1: 2.73
Min: 0.00

Microchip (MCHP) vs. Qnity Electronics (Q): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Microchip (MCHP) at 4.78 and Qnity Electronics (Q) at 3.22 are valued close to their industries’ norm against book — neither stands out from peers.

MCHP

Semiconductors & Semiconductor Equipment industry group

4.78

Max: 14.06
Q3: 7.44
MCHP: 4.78
Median: 4.29
Q1: 2.30
Min: 0.20

Q

Semiconductors & Semiconductor Equipment industry group

3.22

Max: 14.06
Q3: 7.44
Median: 4.29
Q: 3.22
Q1: 2.30
Min: 0.20

Microchip (MCHP) vs. Qnity Electronics (Q): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Microchip (MCHP) and Qnity Electronics (Q)
Metric	MCHP	Q
P/E Ratio (TTM)	43.87	43.98
P/S Ratio (TTM)	5.67	4.46
P/B Ratio (MRQ)	4.78	3.22
Free Cash Flow Yield (TTM)	4.85%	2.85%