Microchip Technology (NASDAQ:MCHP) Updates Q4 2026 Earnings Guidance

Microchip Technology (NASDAQ:MCHP) updated its fourth quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 0.480-0.520 for the period, compared to the consensus EPS estimate of 0.450. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.2 billion.

Wall Street Analyst Weigh In

MCHP has been the subject of a number of analyst reports. Susquehanna boosted their price objective on shares of Microchip Technology from $75.00 to $90.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Jefferies Financial Group reiterated a “hold” rating on shares of Microchip Technology in a research note on Wednesday. Wolfe Research set a $85.00 price target on Microchip Technology in a report on Tuesday, January 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $80.00 target price on shares of Microchip Technology in a research report on Tuesday, January 6th. Finally, Citigroup raised their price objective on shares of Microchip Technology from $80.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.73.

Microchip Technology Trading Down 0.2%

NASDAQ MCHP traded down $0.19 on Thursday, hitting $78.04. 11,222,812 shares of the stock were exchanged, compared to its average volume of 9,569,665. The company’s 50-day moving average price is $69.03 and its two-hundred day moving average price is $65.49. The company has a market capitalization of $42.18 billion, a price-to-earnings ratio of -173.42, a P/E/G ratio of 1.96 and a beta of 1.46. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.25 and a quick ratio of 1.20. Microchip Technology has a 52-week low of $34.13 and a 52-week high of $81.43.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Research analysts predict that Microchip Technology will post 1.03 EPS for the current year.

Insider Activity at Microchip Technology

In other Microchip Technology news, CEO Steve Sanghi sold 98,814 shares of the business’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total value of $7,959,467.70. Following the transaction, the chief executive officer owned 9,922,319 shares of the company’s stock, valued at approximately $799,242,795.45. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James Eric Bjornholt sold 4,292 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value of $216,273.88. Following the transaction, the chief financial officer directly owned 30,089 shares in the company, valued at approximately $1,516,184.71. This represents a 12.48% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 121,615 shares of company stock valued at $9,641,654. Insiders own 1.94% of the company’s stock.

Key Stories Impacting Microchip Technology

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: Beat consensus on EPS — reported $0.44 vs. $0.38 expected, with revenue roughly in line at $1.19B; this shows continuing operational recovery. Press Release
• Positive Sentiment: Raised Q4 FY2026 EPS guidance to $0.480–$0.520 (above the ~$0.45 consensus) and issued revenue guidance roughly in line with expectations — a forward-looking beat that supports earnings power. Earnings Release
• Positive Sentiment: Board declared a quarterly cash dividend of $0.455/share, payable March 10 — supports yield-focused investors and signals cash-flow confidence. Dividend Release
• Positive Sentiment: Cantor Fitzgerald raised its price target to $100, indicating some analyst confidence in upside. Analyst Note
• Neutral Sentiment: Partnership with Hyundai Motor Group to explore single‑pair Ethernet for automotive connectivity — strategically positive long term but unlikely to move near-term earnings materially. Collaboration Release
• Negative Sentiment: Stock dropped on the print despite the beat — investors focused on GAAP weakness: a negative net margin (-4.39%) and material underutilization/inventory charges (~$122.8M) that depressed headline profits. That muted the upside from the EPS beat. Market Reaction
• Negative Sentiment: Revenue growth was modest (first YoY growth since 2024) and largely in line with consensus — not a blowout to justify a multiple expansion, especially given one-time charges and mixed margin metrics. Revenue Coverage

Institutional Investors Weigh In On Microchip Technology

A number of hedge funds and other institutional investors have recently modified their holdings of MCHP. Boston Partners lifted its stake in Microchip Technology by 9.5% during the 3rd quarter. Boston Partners now owns 16,234,332 shares of the semiconductor company’s stock valued at $1,044,024,000 after acquiring an additional 1,406,885 shares in the last quarter. Rafferty Asset Management LLC lifted its position in shares of Microchip Technology by 41.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,203,762 shares of the semiconductor company’s stock worth $436,559,000 after buying an additional 1,803,945 shares in the last quarter. Amundi boosted its stake in shares of Microchip Technology by 5.6% in the 3rd quarter. Amundi now owns 3,197,249 shares of the semiconductor company’s stock worth $212,905,000 after buying an additional 170,358 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Microchip Technology by 8.0% in the third quarter. Ameriprise Financial Inc. now owns 2,305,292 shares of the semiconductor company’s stock valued at $148,047,000 after acquiring an additional 170,152 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of Microchip Technology by 236.8% during the third quarter. Marshall Wace LLP now owns 1,720,200 shares of the semiconductor company’s stock valued at $110,471,000 after acquiring an additional 1,209,467 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

About Microchip Technology

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip’s products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.