Microchip Technology Inc reports results for the quarter ended September 30 - Earnings Summary

Microchip Technology

Yesterday 01:34

Microchip Technology Inc MCHP.OQ reported quarterly adjusted earnings of 97 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 35 cents.  The mean expectation of twenty three analysts for the quarter was for earnings of 93 cents per share. Wall Street expected results to range from 80 cents to 98 cents per share.
Revenue rose 42.2% to $1.62 billion from a year ago; analysts expected $1.61 billion. 
Microchip Technology Inc's reported EPS for the quarter was 68 cents​.
The company reported quarterly net income of $373.6 million.
Microchip Technology Inc shares had fallen by 3.1% this quarter and gained 18.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 1.8% in the last three months.​ 
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy" 
Wall Street's median 12-month price target for Microchip Technology Inc is $104.00, about 37.6% above its last closing price of $64.85
This summary was machine generated from LSEG data November 6 at 01:34 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING
ESTIMATE 
ACTUAL
BEAT, MET, MISSED
Sep. 30 2026 
0.93
0.97
Beat
Jun. 30 2026 
0.69
0.76
Beat
Mar. 31 2026 
0.51
0.57
Beat
Dec. 31 2025 
0.41
0.44
Beat