NasdaqGS:MCHPSemiconductor
Microchip Technology (MCHP) Is Up 6.7% After Raising Q3 FY26 Outlook And Launching New AI‑Focused Chips
Earlier this month, Microchip Technology raised its third-quarter fiscal 2026 guidance to the high end of prior ranges, now expecting roughly 1% sequential net sales growth and projecting GAAP earnings per share of about US$0.02, while also announcing new ultra‑low‑power PAC1711 and PAC1811 digital power monitors aimed at computing, networking, AI/ML and e‑mobility systems.
This combination of stronger‑than‑expected near‑term guidance and new energy‑efficient power monitoring products...