Microchip's Data Center Solutions Unit Projects 65% Revenue Growth to $500M in 2026
MCHP sits 87% above its 52-week low of $48.52.
Summary
Microchip's Data Center Solutions Business Unit expects 65% revenue growth in calendar year 2026, reaching approximately $500 million, following $302.7 million in 2025. This unit's Q1 2026 revenue was up 62.9% year-over-year, highlighting a strong growth driver for the company, which had total revenue of $4.71 billion in fiscal year 2026. The company also announced selective price increases across its product portfolio due to rising input costs, but stated this will not impact Q2 2026 guidance. This provides specific financial details following recent strong earnings reports and general commentary on robust data center demand. Microchip is scheduled to present at the Bank of America Global Technology Conference on June 2 and the Evercore Global TMT Conference on June 3.
At the time of this announcement, MCHP was trading at $90.96 on NASDAQ in the Technology sector, with a market capitalization of approximately $49.6B. The 52-week trading range was $48.52 to $105.91. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.