• Microchip Technology average gross margin for 2023 was 67.58%, a 2.15% decline from 2022.
• Microchip Technology average gross margin for 2022 was 66.16%, a 4.45% increase from 2021.
• Microchip Technology average gross margin for 2021 was 63.34%, a 3.11% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.