Chipmaker forecast September-quarter revenue of $1.589 billion to $1.618 billion and non-GAAP EPS of $0.91 to $0.95, above Wall Street estimates, as demand improved across AI data center, industrial, automotive, aerospace and defense markets.
Microchip Technology reported fiscal first-quarter 2027 net sales of $1.485 billion for the three months ended June 30, 2026, up 38.0% from a year earlier and 13.2% sequentially, above both its own guidance midpoint and analysts' expectations. Non-GAAP diluted EPS was $0.76 and GAAP diluted EPS was $0.37, both ahead of the company's prior outlook, while the company said stronger demand, inventory normalization, higher factory utilization and disciplined expense management supported profitability, cash generation and an about $170 million reduction in net debt. For the September quarter, Microchip guided revenue to $1.589 billion to $1.618 billion, implying 7% to 9% sequential growth, and non-GAAP diluted EPS to $0.91 to $0.95, both above LSEG-compiled analyst estimates of $1.55 billion and $0.79, respectively. The company and external reporting pointed to improving activity in AI data centers, industrial, automotive, aerospace and defense, while shares fell about 4% after the bell.