MCHP — Microchip Technology Incorporated - Common Stock
Session close: $58.35. Regular-session share volume: 40,020,950. Change from previous close: -10.02%.
Key developments
Microchip reported fiscal second-quarter results that beat estimates, with revenue up sharply year over year on recovering industrial and data-center demand and expanding margins. Management said operational improvements kept operating expenses growing well below sales, supporting higher profitability, and the board declared a quarterly dividend.
Company news MCHP Q2 Earnings Beat Estimates, Revenues Rise on Demand Recovery · Company news Microchip Technology Analysts Slash Their Forecasts After Q2 Results · Company news Microchip Technology Announces Quarterly Cash Dividend on Common Stock of 45.5 Cents Per Share · Company news Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2027
The offset was guidance: the company's December-quarter outlook came in below consensus, and several analysts cut price targets while keeping Buy or Overweight ratings. Reporting attributed the soft guide to supply constraints at foundries and outsourced assembly partners delaying high-margin shipments, plus non-recurring items pointing to a softer quarter.
Company news Microchip Technology Analysts Slash Their Forecasts After Q2 Results · Company news Microchip Technology Inc (MCHP) (Q2 2027) Earnings Call Highlights: Record Sales and 42% Growth ... · Market context — Mentions MCHP in the article text. Nasdaq 100 Rebounds 2% After Worst Day Since 2020, Payrolls Smash Estimates: Stock Market Today
Sector context: chipmakers broadly rebounded after a historic selloff, with the semiconductor ETF recovering part of the prior session's losses as investors bought back beaten-down AI names.
Market context — Mentions MCHP in the article text. Nasdaq 100 Rebounds 2% After Worst Day Since 2020, Payrolls Smash Estimates: Stock Market Today
News sources
Company news Truist Securities Maintains Hold on Microchip Technology, Lowers Price Target to $62 · Company news B. Riley Securities Maintains Buy on Microchip Technology, Lowers Price Target to $85 · Company news Wells Fargo Maintains Equal-Weight on Microchip Technology, Lowers Price Target to $70 · Company news MCHP Q2 Earnings Beat Estimates, Revenues Rise on Demand Recovery · Company news Evercore ISI Group Maintains Outperform on Microchip Technology, Lowers Price Target to $75 · Company news Keybanc Maintains Overweight on Microchip Technology, Lowers Price Target to $120 · Company news MCHP Q2 Earnings Call Highlights Supply Constraints and Growth · Company news Susquehanna Maintains Positive on Microchip Technology, Lowers Price Target to $100 · Company news Microchip Technology Analysts Slash Their Forecasts After Q2 Results · Company news Microchip Technology Inc (MCHP) (Q2 2027) Earnings Call Highlights: Record Sales and 42% Growth ... · Company news Microchip Technology (NASDAQ:MCHP) exceeds Q3 expectations but guidance misses consensus · Company news Here's What Key Metrics Tell Us About Microchip Tech (MCHP) Q2 Earnings · Company news Microchip Technology (MCHP) Q2 Earnings and Revenues Top Estimates · Company news Microchip Technology Announces Quarterly Cash Dividend on Common Stock of 45.5 Cents Per Share · Company news Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2027 · Market context — Mentions MCHP in the article text. Nasdaq 100 Rebounds 2% After Worst Day Since 2020, Payrolls Smash Estimates: Stock Market Today · Company mentioned — Mentions MCHP in the article text. Microchip Tech: Fiscal Q2 Earnings Snapshot