Microchip Technology reported a strong Q1 2027 with net sales up 38% year-over-year to $1.485 billion, surpassing guidance. Analyst B. Riley maintained a Buy rating and set a $108 price target, down from $125 but still indicating growth potential from the $74.36 stock price. The company showed strong profitability with a 63.8% gross margin and expects significant growth in its data center segment. However, the stock is seen as modestly overvalued partly due to $18.9 million in special legal charges, leading to cautious analyst outlooks.
Microchip Technology Inc. announced a quarterly cash dividend of 45.5 cents per share, payable on September 9, 2026, to shareholders of record as of August 24, 2026. This dividend continues the company's long-standing practice of quarterly payments, ...
Microchip Technology is expected to report strong Q2 earnings with EPS of $0.70 and revenue around $1.46 billion, a 35% increase year-over-year. This growth is driven by high demand from AI and data center markets. The company is enhancing its AI cap...
The global Gate Driver Integrated Circuit (IC) market is projected to grow from USD 1.76 billion in 2025 to USD 2.91 billion by 2035, at a CAGR of 5.19%. Growth is fueled by rising electric vehicle adoption, renewable energy infrastructure, and advan...
Microchip Technology and Micron Technology demonstrated a high-performance PCIe Gen 6 storage architecture combining Microchip’s Switchtec Gen 6 PCIe switches with Micron 9650 NVMe SSDs. This setup delivers increased bandwidth, lower latency, and sca...
