MCHP drawdown: 23.4% below the all-time high
Microchip Technology Incorporated (MCHP) is 23.4% below its all-time high, set May 6, 2026 (as of market close, Jul 24, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown. "All-time" means since our price data begins (1993).
- Below all-time high
- −23.4%
- 76.6% of ATH
- All-time high
- $102.9
- May 6, 2026
- Time below the high
- 3 mo
- since May 6, 2026
- Worst-ever drawdown
- −64.5%
- Apr 8, 2025
- Longest underwater
- 6.4 yrs
- between all-time highs
- Today's level first reached
- Feb 12, 2021
- 5.4 yrs ago
- Last time this deep
- Apr 15, 2026
- in a previous episode
% of all-time high since 1993#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater.
% of all-time high on the price basis — the all-time high considers the full history of MCHP, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| May 22, 2024 | Apr 8, 2025 | −64.5% | 11 mo | May 6, 2026 | 2.0 yrs |
| Sep 23, 1997 | Aug 31, 1998 | −62.5% | 11 mo | Jun 16, 1999 | 1.7 yrs |
| Jun 15, 2007 | Jan 20, 2009 | −60.6% | 1.6 yrs | Oct 31, 2013 | 6.4 yrs |
| Apr 7, 2000 | Dec 20, 2000 | −58.8% | 8 mo | May 14, 2002 | 2.1 yrs |
| May 20, 2002 | Sep 16, 2002 | −53.6% | 4 mo | Nov 3, 2003 | 17 mo |
| Nov 17, 1995 | Jul 15, 1996 | −52.1% | 8 mo | Nov 14, 1996 | 12 mo |
| Jan 13, 2020 | Mar 16, 2020 | −49.9% | 2 mo | Sep 1, 2020 | 8 mo |
| Jun 6, 2018 | Oct 24, 2018 | −40.7% | 5 mo | Dec 20, 2019 | 1.5 yrs |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 1993: how far MCHP stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: MCHP is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ
- How far is MCHP from its all-time high?
- MCHP is currently 23.4% below its all-time high, set May 6, 2026 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest MCHP drawdown ever?
- The deepest decline on record in our data (since 1993) took the stock 64.5% below its prior high, bottoming Apr 8, 2025. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1993 (split-adjusted). "All-time" means since our price data begins — MCHP may have traded earlier. For a 150-year index drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.