• Microchip Technology average operating margin for 2023 was 37.6%, a 19.97% decline from 2022.
• Microchip Technology average operating margin for 2022 was 31.34%, a 46.38% increase from 2021.
• Microchip Technology average operating margin for 2021 was 21.41%, a 54.03% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.