Microchip Shares Gain Momentum on Upbeat Forecast
16.01.2026 - 20:52:06
A positive business update and a series of analyst upgrades have provided a significant boost to Microchip Technology’s stock, driving notable after-hours gains. The semiconductor company now anticipates fiscal third-quarter 2026 revenue of approximately $1.185 billion and has reported key advancements in product qualifications. Whether this marks the start of a sustained recovery will largely depend on the upcoming quarterly results and the state of its order book.
- Preliminary Q3 Revenue Forecast (Period ending Dec. 31, 2025): ~$1.185 billion
- Market Reaction: Shares advanced 10.1% on January 6 following the pre-announcement
- Earnings Report Date: Scheduled for February 5
The upward move was triggered by Microchip’s Read more...
