Microchip Technology stock falls 1.50 percent on September 24
Published on 09/24/2026 at 18:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Microchip Technology stock was trading at USD 74.40 on Nasdaq on September 24, 2026 at 12:55 p.m. ET, down 1.50 percent. The move follows a fiscal Q1 2027 recovery in which adjusted EPS reached USD 0.76 against USD 0.70 consensus, while revenue came in at USD 1.48 billion versus USD 1.46 billion expected, according to Investing.com.
Revenue rises 38 percent
The companys fiscal Q1 2027 revenue increased 38 percent year over year and 13.2 percent sequentially, according to Investing.com. That comparison matters because the USD 1.48 billion quarterly result places the recovery above both the prior quarter and the published revenue forecast.
Microchip also reported adjusted EPS of USD 0.76, exceeding the USD 0.70 consensus figure by USD 0.06. The combination of revenue growth and operating leverage gives the earnings recovery more substance than a single-period sales increase.
Analyst target stays above price
Cantor Fitzgerald reiterated an Overweight rating and a USD 125 price target on September 9, 2026, according to Investing.com. At USD 74.40, that target stands USD 50.60 above the quoted share price, a gap of 68.01 percent.
The broader analyst snapshot listed an average 12-month target of USD 107.84 from 25 analysts, with 20 Buy ratings, 6 Holds and 0 Sells, according to Investing.com. The spread between the market price and those targets makes execution against the fiscal 2027 recovery figures the central valuation question.
Stock trades inside yearly range
Microchip Technology stock remains inside its USD 48.52 to USD 105.91 52-week range on September 24, 2026. Its USD 40.40 billion market capitalization and 5,139,841-share trading volume give the price move a clear market-value context.
Microchip Technology at a glance
- Company: Microchip Technology Incorporated
- Ticker: MCHP
- Trading venue: Nasdaq
- Price as of September 24, 2026, 12:55 p.m. ET: USD 74.40
- Market capitalization: USD 40,399,796,029 as of September 24, 2026
- 52-week range: USD 48.52-105.91 as of September 24, 2026
- Sector / Industry: Technology / Semiconductors
