Earnings ·
Microchip Technology reported first-quarter fiscal 2027 net sales of $1.485 billion, a 38% year-over-year increase and…
MCHPMicrochip Technology Inc
Microchip Technology reported first-quarter fiscal 2027 net sales of $1.485 billion, a 38% year-over-year increase and above guidance, driven by improving demand and inventory normalization. GAAP diluted EPS was $0.37, beating the $0.28–$0.29 forecast, while Non-GAAP diluted EPS reached $0.76 against a $0.67–$0.71 estimate. The company returned approximately $246.9 million to shareholders via dividends and reduced net debt by $170 million. Management provided second-quarter fiscal 2027 guidance of $1.589 billion to $1.618 billion in net sales, with Non-GAAP diluted EPS projected between $0.91 and $0.95. The Board declared a quarterly common stock dividend of $0.455 per share, payable September 9, 2026, to holders of record on August 24, 2026. Microchip Technology is a leading provider of smart, connected, and secure embedded control solutions in the semiconductor industry.