Microchip Technology Earnings in Focus, Hits 2-Year High
Microchip Technology (NASDAQ:MCHP) surged to a nearly two-year high ahead of its Q4 fiscal 2026 earnings report, with the stock rising 9.89% to $90.64. The company expects net sales of $1.24 billion to $1.28 billion and a GAAP net income of $72.4 million to $95.5 million, a significant improvement from a net loss in the same period last year.
Topics: AI Workloads Earnings Revenue Guidance Semiconductor Industry Stock Price Movement