Microchip Technology (NASDAQ:MCHP) Releases Q2 2026 Earnings Guidance

Key Points

• Microchip Technology issued Q2 2026 earnings guidance with EPS projected between 0.340 and 0.370, surpassing the consensus estimate of 0.303, and revenue expected to be between $1.1 billion and $1.2 billion, aligning with the consensus revenue estimate.
• Despite a recent miss on EPS of $0.17, which fell short of the expected $0.23, analysts predict the company will achieve 1.03 EPS for the current fiscal year.
• The company announced a quarterly dividend of $0.455 per share, payable on September 5th, reflecting an annualized yield of 2.7%.

Microchip Technology (NASDAQ:MCHP - Get Free Report) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.340-0.370 for the period, compared to the consensus estimate of 0.303. The company issued revenue guidance of $1.1 billion-$1.2 billion, compared to the consensus revenue estimate of $1.1 billion.

Microchip Technology Stock Performance

NASDAQ:MCHP traded up $0.05 during midday trading on Thursday, hitting $66.22. The company's stock had a trading volume of 13,657,072 shares, compared to its average volume of 10,490,609. Microchip Technology has a fifty-two week low of $34.13 and a fifty-two week high of $82.87. The firm's 50 day moving average is $69.39 and its 200-day moving average is $58.02. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.59 and a quick ratio of 1.47. The firm has a market cap of $35.74 billion, a P/E ratio of -6,622.00, a P/E/G ratio of 1.94 and a beta of 1.55.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.06). Microchip Technology had a positive return on equity of 8.55% and a negative net margin of 0.01%. Equities analysts anticipate that Microchip Technology will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.7%. Microchip Technology's payout ratio is -18,200.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MCHP. TD Cowen increased their target price on shares of Microchip Technology from $35.00 to $55.00 and gave the stock a "hold" rating in a research note on Friday, May 9th. Raymond James Financial increased 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 note on Friday, May 9th. Needham & Company LLC reissued a "buy" rating and issued a $66.00 price target on shares of Microchip Technology in a research note on Friday, May 9th. KeyCorp lifted their price target on shares of Microchip Technology from $70.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Finally, Mizuho lifted their price target on shares of Microchip Technology from $78.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $74.42.

Insider Activity

In other Microchip Technology news, CFO James Eric Bjornholt sold 2,015 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $55.78, for a total value of $112,396.70. Following the transaction, the chief financial officer owned 34,313 shares of the company's stock, valued at $1,913,979.14. This represents a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Karlton D. Johnson sold 494 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $60.69, for a total transaction of $29,980.86. Following the completion of the transaction, the director directly owned 3,468 shares in the company, valued at $210,472.92. The trade was a 12.47% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Microchip Technology stock. Geneos Wealth Management Inc. grew its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 101.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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. 91.51% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.