MCHP · 8-K · 20260806PR000037

Guidance and Outlook

MICROCHIP TECHNOLOGY INC · 2026-08-06 · Importance 95 · Surprise 92 · Contradicted

For the September 2026 quarter, Microchip expects net sales of $1.589 billion to $1.618 billion, representing sequential growth of 7% to 9% and approximately 40.6% year-over-year growth at the midpoint. GAAP gross margin is guided to 65.4% to 66.3%, while non-GAAP gross margin is expected at 66.0% to 67.0%; non-GAAP diluted EPS is forecast at $0.91 to $0.95. Management cited improving demand, healthy bookings, stronger customer engagement, and factory utilization as support for further progress toward its long-term margin objectives.

Key facts

• Guidance for second quarter fiscal 2027 net sales: $1.589 to $1.618 billion. source
• Second quarter fiscal 2027 GAAP gross profit guidance: 65.4% to 66.3%; Non-GAAP gross profit guidance: 66.0% to 67.0%. source
• Second quarter fiscal 2027 GAAP net income guidance: $321.0 to $323.0 million; Non-GAAP net income guidance: $520.0 to $546.4 million. source
• Company expects net sales for the September quarter to be up sequentially between 7% and 9%, which at the midpoint would represent year-over-year growth of approximately 40.6%. source
• Second quarter fiscal 2027 Other expense, net guidance: $48.7 to $49.3 million (GAAP) and $48.5 to $49.5 million (Non-GAAP after adjustments). source
• Second quarter fiscal 2027 diluted net income per common share guidance GAAP: $0.53 to $0.54; Non-GAAP: $0.91 to $0.95. source
• Company's GAAP guidance excludes the impact of any potential gains or charges related to ongoing evaluation of restructuring activities including the sale of Fab 2 wafer fabrication facility in Tempe, Arizona. source
• Diluted common shares outstanding guidance for second quarter fiscal 2027: approximately 550.7 to 551.7 million shares (GAAP) and approximately 574.5 to 575.5 million shares (Non-GAAP). source

Impact estimates