MCHP · 8-K · 20261105PR000061

Guidance and Outlook

MICROCHIP TECHNOLOGY INC · 2026-11-05 · Importance 65 · Surprise 32 · No source text

For the December 2026 quarter, Microchip guided to net sales of $1.573 billion to $1.638 billion, down 3% to up 1% sequentially, with a midpoint decline of 1%. The company said approximately $53 million of infrequent revenue in the September quarter will not recur, and that the December guidance midpoint is 5% to 7% better than normal seasonality. It expects December-quarter non-GAAP gross margin of 64% to 65% and GAAP gross margin of 62.9% to 63.9%. Management also described data center, aerospace and defense, industrials, robotics, automotive and the intelligent edge as long-term growth drivers.

Key facts

• MICROCHIP TECHNOLOGY INC's December 2026 quarter sales guidance midpoint represents approximately 35.4% year-over-year growth. source
• MICROCHIP TECHNOLOGY INC expects December 2026 quarter net sales to be down 3% to up 1% sequentially, with a midpoint decline of 1%. source
• MICROCHIP TECHNOLOGY INC's December 2026 quarter net sales guidance is $1.573 billion to $1.638 billion. source
• MICROCHIP TECHNOLOGY INC expects December 2026 quarter non-GAAP gross margin of 64% to 65%. source
• MICROCHIP TECHNOLOGY INC expects December 2026 quarter GAAP gross margin of 62.9% to 63.9%. source
• MICROCHIP TECHNOLOGY INC's Q3 FY2027 non-GAAP operating expense guidance is $163.0 million to $167.0 million, or 26.5% to 27.0% of sales. source
• MICROCHIP TECHNOLOGY INC said approximately $53 million of infrequent revenue items in the September 2026 quarter would not repeat in the December 2026 quarter. source
• MICROCHIP TECHNOLOGY INC's Q3 FY2027 GAAP diluted EPS guidance is $0.47 to $0.50 per share; non-GAAP diluted EPS guidance is $0.87 to $0.95. source

Impact estimates