Microchip Technology Raises Q3 FY2026 Outlook, Now Expecting Net Sales At High End Of $1.109B-$1.149B Range, GAAP EPS ~$0.02 And Non-GAAP EPS ~$0.40

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.