Microchip Technology (NASDAQ:MCHP) Updates Q4 2026 Earnings Guidance

Microchip Technology (NASDAQ:MCHP) updated its fourth quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 0.480-0.520 for the period, compared to the consensus earnings per share estimate of 0.450. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.2 billion.

Analysts Set New Price Targets

Several analysts have recently issued reports on MCHP shares. Cantor Fitzgerald boosted their price target on shares of Microchip Technology from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday. Exane BNP Paribas raised Microchip Technology from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Mizuho lifted their price target on Microchip Technology from $80.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. Piper Sandler raised their target price on Microchip Technology from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, TD Cowen decreased their price target on Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $82.73.

Microchip Technology Trading Down 0.2%

Shares of NASDAQ MCHP traded down $0.19 during midday trading on Thursday, hitting $78.04. 11,222,812 shares of the company traded hands, compared to its average volume of 9,569,665. Microchip Technology has a 12-month low of $34.13 and a 12-month high of $81.43. The firm has a market cap of $42.18 billion, a P/E ratio of -173.42, a P/E/G ratio of 1.96 and a beta of 1.46. The stock has a 50-day moving average price of $69.03 and a 200 day moving average price of $65.49. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 2.25.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.38 by $0.06. Microchip Technology had a negative net margin of 4.39% and a positive return on equity of 5.21%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, analysts expect that Microchip Technology will post 1.03 earnings per share for the current year.

Insider Buying and Selling at Microchip Technology

In other news, CFO James Eric Bjornholt sold 4,292 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value of $216,273.88. Following the completion of the transaction, the chief financial officer owned 30,089 shares of the company’s stock, valued at $1,516,184.71. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Steve Sanghi sold 98,814 shares of Microchip Technology stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total value of $7,959,467.70. Following the completion of the sale, the chief executive officer directly owned 9,922,319 shares in the company, valued at $799,242,795.45. This trade represents a 0.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 121,615 shares of company stock valued at $9,641,654 in the last ninety days. 1.94% of the stock is currently owned by insiders.

Key Stories Impacting Microchip Technology

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: Beat consensus on EPS — reported $0.44 vs. $0.38 expected, with revenue roughly in line at $1.19B; this shows continuing operational recovery. Press Release
• Positive Sentiment: Raised Q4 FY2026 EPS guidance to $0.480–$0.520 (above the ~$0.45 consensus) and issued revenue guidance roughly in line with expectations — a forward-looking beat that supports earnings power. Earnings Release
• Positive Sentiment: Board declared a quarterly cash dividend of $0.455/share, payable March 10 — supports yield-focused investors and signals cash-flow confidence. Dividend Release
• Positive Sentiment: Cantor Fitzgerald raised its price target to $100, indicating some analyst confidence in upside. Analyst Note
• Neutral Sentiment: Partnership with Hyundai Motor Group to explore single‑pair Ethernet for automotive connectivity — strategically positive long term but unlikely to move near-term earnings materially. Collaboration Release
• Negative Sentiment: Stock dropped on the print despite the beat — investors focused on GAAP weakness: a negative net margin (-4.39%) and material underutilization/inventory charges (~$122.8M) that depressed headline profits. That muted the upside from the EPS beat. Market Reaction
• Negative Sentiment: Revenue growth was modest (first YoY growth since 2024) and largely in line with consensus — not a blowout to justify a multiple expansion, especially given one-time charges and mixed margin metrics. Revenue Coverage

Institutional Investors Weigh In On Microchip Technology

Several institutional investors have recently added to or reduced their stakes in the business. State of Wyoming lifted its position in Microchip Technology by 78.1% in the second quarter. State of Wyoming now owns 618 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 271 shares during the last quarter. Fulcrum Asset Management LLP purchased a new position in Microchip Technology in the 3rd quarter valued at $52,000. Geneos Wealth Management Inc. boosted its holdings in shares of Microchip Technology by 101.8% in the first quarter. Geneos Wealth Management Inc. now owns 1,221 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 616 shares in the last quarter. Johnson Financial Group Inc. increased its position in Microchip Technology by 373.2% during the 3rd quarter. Johnson Financial Group Inc. now owns 1,112 shares of the semiconductor company’s stock worth $71,000 after purchasing an additional 877 shares during the period. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Microchip Technology in the second quarter valued at approximately $111,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

About Microchip Technology

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip’s products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.