Microchip Forecasts $500M in FY26 Data Center Solutions Revenue; Shares Rise

Shares of Microchip Technology (NASDAQ: MCHP) rose over 8% after the company forecasted a significant increase to its data center solutions revenue, expecting it to reach approximately $500 million by CY26. This represents a projected growth rate of 65%, signaling strong demand for semiconductors in this sector.

By Tiyashi Datta, SA News Editor · Seeking Alpha · June 1, 2026, 20:51 UTC

Microchip Forecasts $500M in FY26 Data Center Solutions Revenue; Shares Rise

Tickers: $MCHP

Topics: data center revenue growth semiconductors

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