Microchip Technology (NASDAQ:MCHP) Releases Q1 2026 Earnings Guidance

Microchip Technology (NASDAQ:MCHP - Get Free Report) issued an update on its first quarter 2026 earnings guidance on Friday morning. The company provided earnings per share guidance of 0.220-0.260 for the period, compared to the consensus earnings per share estimate of 0.220. The company issued revenue guidance of $1.0 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

Analyst Ratings Changes

MCHP has been the subject of a number of research reports. Raymond James Financial lifted their target price on shares of Microchip Technology from $60.00 to $65.00 and gave the stock a "strong-buy" rating in a research report on Friday, May 9th. Truist Financial lifted their price objective on Microchip Technology from $52.00 to $64.00 and gave the stock a "hold" rating in a research report on Wednesday, June 18th. Citigroup raised their price target on Microchip Technology from $55.00 to $68.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. TD Cowen boosted their price target on Microchip Technology from $35.00 to $55.00 and gave the stock a "hold" rating in a report on Friday, May 9th. Finally, B. Riley increased their price objective on Microchip Technology from $60.00 to $75.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $70.15.

Microchip Technology Trading Down 0.0%

Shares of NASDAQ MCHP traded down $0.03 during trading on Monday, hitting $70.46. 3,975,974 shares of the company traded hands, compared to its average volume of 10,916,389. The firm has a market capitalization of $38.01 billion, a P/E ratio of -7,046.00, a P/E/G ratio of 2.10 and a beta of 1.48. The company has a quick ratio of 1.47, a current ratio of 2.59 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average price of $58.73 and a 200-day moving average price of $55.25. Microchip Technology has a 1 year low of $34.13 and a 1 year high of $96.98.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. Microchip Technology had a positive return on equity of 8.55% and a negative net margin of 0.01%. The company had revenue of $970.50 million during the quarter, compared to analyst estimates of $962.86 million. During the same period in the prior year, the firm posted $0.57 earnings per share. The firm's revenue was down 26.8% on a year-over-year basis. On average, equities analysts predict that Microchip Technology will post 1.03 EPS for the current year.

Microchip Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were given a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Thursday, May 22nd. Microchip Technology's payout ratio is -18,200.00%.

Insider Activity at Microchip Technology

In related news, Director Karlton D. Johnson sold 494 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $60.69, for a total value of $29,980.86. Following the transaction, the director now owns 3,468 shares in the company, valued at approximately $210,472.92. The trade was a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO James Eric Bjornholt sold 2,015 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $55.78, for a total value of $112,396.70. Following the sale, the chief financial officer now owns 34,313 shares of the company's stock, valued at approximately $1,913,979.14. This trade represents a 5.55% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.10% of the company's stock.

Institutional Trading of Microchip Technology

A hedge fund recently raised its stake in Microchip Technology stock. Geneos Wealth Management Inc. raised its stake in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 101.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,221 shares of the semiconductor company's stock after purchasing an additional 616 shares during the period. Geneos Wealth Management Inc.'s holdings in Microchip Technology were worth $59,000 as of its most recent SEC filing. Institutional investors and hedge funds own 91.51% of the company's stock.

Microchip Technology Company Profile

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.