Key Highlights
- Microchip soared by 12.17 percent on Wednesday to finish at $63.61 apiece after raising its financial growth outlook for the third quarter of fiscal year 2026 ending December 31.
- In an updated report, Microchip Technology Inc.
- (NASDAQ:MCHP) said it now expects net sales and diluted earnings per share to be at the high end of its prior guidance of $1.109 billion to $1.149 billion.
- Net sales are also targeted to jump by 12 percent year-on-year.
- Meanwhile, GAAP EPS is projected at $0.02—the high end of its previous guidance range of $0.02 loss per share to a $0.02 EPS.
