Microchip Swings to $202M Q1 Profit, Revenue Jumps 38% on Demand Recovery
MCHP sits 67% above its 52-week low of $48.52.
Summary
Microchip Technology reported a strong fiscal Q1 2027, swinging to a net profit of $202 million from a loss a year ago. Revenue surged 38% year-over-year to $1.485 billion, beating the high end of guidance, driven by improving demand and inventory normalization. Gross margin expanded sharply to 63.2%. The company guided Q2 revenue to $1.589-$1.618 billion with adjusted EPS of $0.91-$0.95, well above current estimates. This follows the full-year FY2026 recovery reported in May and the recent Hailo acquisition announcement, reinforcing the turnaround narrative. The board also declared a $0.455 quarterly dividend.
At the time of this announcement, MCHP was trading at $81.25 on NASDAQ in the Technology sector, with a market capitalization of approximately $40.4B. 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: dpa-AFX.