Microchip Technology (NASDAQ:MCHP) Updates Q3 2026 Earnings Guidance

Microchip Technology (NASDAQ:MCHP) updated its third quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 0.340-0.400 for the period, compared to the consensus EPS estimate of 0.370. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.2 billion.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MCHP shares. Wells Fargo & Company began coverage on Microchip Technology in a report on Monday, September 15th. They issued an “equal weight” rating and a $60.00 price objective for the company. TD Cowen lowered their target price on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating for the company in a research note on Friday. The Goldman Sachs Group began coverage on shares of Microchip Technology in a research report on Thursday, July 10th. They issued a “buy” rating and a $88.00 price target on the stock. Susquehanna dropped their price objective on shares of Microchip Technology from $85.00 to $75.00 and set a “positive” rating on the stock in a research note on Friday. Finally, Morgan Stanley upped their target price on Microchip Technology from $63.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $74.58.

Microchip Technology Price Performance

Shares of Microchip Technology stock traded down $6.14 during midday trading on Friday, reaching $53.21. The company had a trading volume of 5,115,235 shares, compared to its average volume of 9,631,864. The stock has a fifty day simple moving average of $64.42 and a 200 day simple moving average of $63.97. Microchip Technology has a 1-year low of $34.13 and a 1-year high of $77.20. The company has a market capitalization of $28.72 billion, a price-to-earnings ratio of -156.95, a price-to-earnings-growth ratio of 1.79 and a beta of 1.57. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 EPS. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. As a group, equities research analysts forecast that Microchip Technology will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be issued a $0.455 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.82 annualized dividend and a dividend yield of 3.4%. Microchip Technology’s dividend payout ratio is currently -535.29%.

Insider Activity

In related news, CFO James Eric Bjornholt sold 7,356 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.72, for a total value of $505,504.32. Following the completion of the transaction, the chief financial officer directly owned 30,010 shares in the company, valued at approximately $2,062,287.20. The trade was a 19.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew W. Chapman sold 10,000 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.25, for a total transaction of $682,500.00. Following the sale, the director owned 30,665 shares of the company’s stock, valued at $2,092,886.25. This represents a 24.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.94% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Microchip Technology

Large investors have recently made changes to their positions in the business. State of Wyoming raised its stake in Microchip Technology by 78.1% during the 2nd quarter. State of Wyoming now owns 618 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 271 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Microchip Technology by 101.8% in the first quarter. Geneos Wealth Management Inc. now owns 1,221 shares of the semiconductor company’s stock worth $59,000 after buying an additional 616 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Microchip Technology during the 2nd quarter valued at about $111,000. IHT Wealth Management LLC bought a new position in shares of Microchip Technology during the 2nd quarter valued at approximately $236,000. Finally, Diversify Advisory Services LLC purchased a new stake in Microchip Technology in the 2nd quarter worth approximately $248,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

About Microchip Technology

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.