MCHPP MICROCHIP TECHNOLOGY INC
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Executive Summary
Microchip Technology reported Q4 FY2026 net sales of $1.311B (+35.1% YoY), well above the $1.260B guidance midpoint, and non-GAAP EPS of $0.57, beating the $0.48-$0.52 guidance range. The company raised Q1 FY2027 guidance to $1.455B revenue midpoint and non-GAAP EPS $0.69, signaling accelerating demand recovery across end markets with expanding gross margins.
Key Financial Metrics
Actionable Insight
The strong beat and raised guidance suggest the cyclical recovery is accelerating. Traders should watch for continued momentum in the June quarter, as guidance implies 11% sequential revenue growth and further margin expansion toward the 65% long-term target. The stock likely rallies on this report.
Key Facts
- Q4 net sales $1.311B, +35.1% YoY and +10.6% sequentially, above the high end of guidance
- Non-GAAP diluted EPS $0.57, beating the $0.48-$0.52 guidance range
- GAAP diluted EPS $0.21, well above guidance of $0.08-$0.12
- Non-GAAP gross margin 61.6%, up from 52.0% in the prior-year quarter
- Q1 FY2027 guidance: net sales $1.442B-$1.469B, non-GAAP EPS $0.67-$0.71, both above consensus
- Full FY2026 net sales $4.713B, +7.1% YoY; non-GAAP net income $933.9M, +31.8% YoY
- Inventory reduced to 185 days from 201 days, distributor inventory at 26 days (near low end of historical range)
Financial Impact
Q4 net sales beat by $51M (4.1%) vs guidance midpoint; non-GAAP EPS beat by $0.07 (14%) vs midpoint
Risk Factors
- Macroeconomic headwinds and tariff uncertainty could slow recovery
- Inventory normalization may impact near-term factory utilization
- High debt load ($5.5B) limits financial flexibility
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000827054-26-000012 |
| Document: mchp-20260507.htm | 0000827054-26-000012 |
| Document: 0000827054-26-000012-index-headers.html | 0000827054-26-000012 |
| Document: 0000827054-26-000012-index.html | 0000827054-26-000012 |
| Document: 0000827054-26-000012.txt | 0000827054-26-000012 |
| 8-K Data (Synthetic) | 0000827054-26-000012 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 7, 2026
13d ago
|
8-K
| $83.74 $82.33 | ▼ −1.68% | ▼ −3.15% | $79.70 (−4.82%) |
|
Mar 30, 2026
7w ago
|
Court Ruling
| $54.08 $59.75 | ▲ +10.48% | ▲ +6.18% | $79.70 (+47.37%) |
US Market Status
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