Earnings ·
Reports Q2 FY2027 net sales of $1.622B, beats guidance, declares 45.5-cent dividend
MCHPMicrochip Technology Inc
Microchip Technology reported second quarter fiscal 2027 net sales of $1.622 billion, a 42.2% increase year-over-year and above the high end of prior guidance. GAAP diluted EPS came in at $0.68, beating estimates of $0.53 to $0.54, while Non-GAAP diluted EPS was $0.97 against guidance of $0.91 to $0.95. The company declared a quarterly cash dividend of 45.5 cents per share on its common stock, payable December 8, 2026. Management provided Q3 fiscal 2027 net sales guidance between $1.573 billion and $1.638 billion. Microchip Technology is a broadline supplier of semiconductors providing total system solutions for industrial, automotive, aerospace, and data center markets.