Press release
Microchip Technology Raises Financial Guidance for Sales and EPS for Third Quarter of Fiscal Year 2026
CHANDLER, Ariz., Dec. 02, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) - Microchip Technology Incorporated, a leading provider of smart, connected, and secure
About this update from Microchip Technology Incorporated
[{"type":"text","content":"CHANDLER, Ariz., Dec. 02, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) - Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today updated the range of its prior guidance for net sales and GAAP and non-GAAP earnings per share for its third quarter of fiscal 2026 ending December 31, 2025. Microchip now expects its net sales and earnings per diluted share to be at the high end of its previously provided guidance, representing sequential growth of roughly 1% that exceeds the midpoint of our prior guidance which anticipated a sequential decline in net sales. Our revised December 2025 quarter revenue guidance would represent 12% year-over-year growth. Microchip previously provided guidance on November 6, 2025 of consolidated net sales to be between $1.109 billion and $1.149 billion. GAAP earnings per share is now expected to be about $0.02, and non-GAAP earnings per share is now expected to be about $0.40. The original guidance for the GAAP loss/earnings per share was between $(0.02) and $0.02, and the original guidance for non-GAAP earnings per share was between $0.34 and $0.40. Steve Sanghi, Microchip's CEO and President, commented, \"With two months of the quarter behind us, our business is performing better than we expected at the time of our November 6, 2025 earnings conference call. Our bookings activity has remained strong through November with backlog filling in better than expected in the current quarter and growing nicely into the March 2026 quarter. We are executing on our nine-point recovery plan as well as our strategic initiatives, reducing inventory levels, improving non-GAAP gross margins, operating margins and earnings per share, and making progress towards our long-term business model.\" There will be no conference call associated with this press release. Microchip is attending the UBS Global Technology and AI Conference on Wednesday December 3, 2025. A live webcast and replay from the UBS Conference will be available at www.ir.microchip.com Cautionary Statement: The statements in this release relating to expecting net sales and earnings per diluted share to be at the high end of its previously provided guidance, with consolidated net sales for the December quarter to be about $1.149 billion, GAAP earnings per share to be about $0.02, non GAAP earnings per sha...