MCHP Raises Q3 Net Sales Guidance, Shares Rise on Improving Prospects
微芯科技微芯科技(US:MCHP) ZACKS·2026-01-06 19:20

Key Takeaways MCHP now expects Q3 fiscal 2026 net sales of 1.185B,aboveitspriorguidancerange.Strongerbookingsandimproveddistributorinventorydrovetheupwardrevision.AI−drivenproductgrowthandrestructuringeffortsaresettoboostMCHP′slong−termprospects.MicrochipTechnology(MCHP)announcedonMondaythatitexpectsnetsalestobeabout1.185B, above its prior guidance range.Stronger bookings and improved distributor inventory drove the upward revision.AI-driven product growth and restructuring efforts are set to boost MCHP's long-term prospects.Microchip Technology (MCHP) announced on Monday that it expects net sales to be about 1.185 billion for the third quarter of fiscal 2026. The expected net sales figure is well above MCHP’s original guidance of 1.109to1.109 to 1.149 million ran ...