Microchip Technology Incorporated (MCHP) earnings on May 7, 2026
More Microchip Technology Incorporated earnings
Prior outlook: No statistical edge
The stock price declined after earnings, closing down 1.31%. This happened despite no clear trend before the announcement.
MCHP price around the earnings
104.60
Change: +1.9%
2026-05-07, 23:59 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: No statistical edge
- Thesis published
Strong momentum, but analyst targets suggest downside risk.
The stock has seen significant price increases recently, driven by positive business developments and strong technical momentum. However, analysts' price targets suggest the stock might be overvalued, implying a potential downside despite the positive sentiment.
Context analyzed before publication
- Summary
- Strong momentum, but analyst targets imply caution.
- Reasoning
- Experts see strong positive momentum and good news, but the average analyst price target presents a pessimistic scenario. The company has a history of exceeding earnings expectations.
- Playbook
- The recent strong run-up is notable. Significant news could shift analyst sentiment.
- Trend
- First evaluation, no trend yet.
Analysts
Drivers
-
Analysts
Negative
Although analysts generally recommend buying, their price targets suggest the stock may decrease in value from current levels.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.62
- Analysts covering the stock
- 23
- Average price target
- 89.57
- Lowest price target
- 69
- Highest price target
- 115
- Upside to price target
- -11.9%
- Revenue growth
- 15.6%
- Forward EPS
- 2.66
- Trailing EPS
- -0.3
- Analyst moves in the last 60 days
- 0
- Strong buy: 3
- Buy: 17
- Hold: 5
- Sell: 0
- Strong sell: 1
- Strong buy
- 3
- Buy
- 17
- Hold
- 5
- Sell
- 0
- Strong sell
- 1
News and sentiment
Drivers
-
News & sentiment
Positive
Recent developments include new partnerships and increased manufacturing, pointing to positive business growth.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (3)
- Microchip Technology Opens New Tuscaloosa, Alabama Site To Enhance Manufacturing, Lower Lead Times — Benzinga
- Microchip Technology Enters Strategic Collaboration With Automotive Camera Module Supplier Sunny Smartlead To Expand The Automotive SerDes Alliance Motion Link Ecosystem — Benzinga
- Everspin Technologies Enters Ten-Year Agreement Plus 2-Year Increment Extension Options With Microchip Technology To Expand Production Capacity And Strengthen Long-Term Supply — Benzinga
Technicals
Drivers
-
Technical
Positive
The stock's price movement has been exceptionally strong recently, significantly outperforming the broader market over the past month.
Evidence
- Average true range (ATR)
- 3.5%
- Distance to 52-week high
- -0.0%
- 14-day change (14d)
- +29.1%
- 30-day change
- +56.1%
- 30-day relative strength
- +44.0%
- Benchmark change
- +12.0%
- Nearest support
- 59.33
- Nearest resistance
- 101.7
- Volume accumulation ratio
- 1.43
Trends
Evidence
- Average earnings surprise
- +4.4%
- February 5, 2026: actual EPS 0.44 vs estimate 0.43 (surprise +2.8%)
- November 6, 2025: actual EPS 0.35 vs estimate 0.33 (surprise +4.9%)
- August 7, 2025: actual EPS -0.09 vs estimate -0.09 (surprise +4.6%)
- May 8, 2025: actual EPS 0.11 vs estimate 0.1 (surprise +5.3%)
Expected move
Drivers
-
Past earnings
Positive
The company has consistently beaten earnings estimates for the past year, showing reliable operational performance.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 3.3%
- 75th percentile move
- 6.4%
- 90th percentile move
- 8.1%
- Up / down moves
- 8 / 11
- Average up move
- +5.0%
- Average down move
- -3.8%
Monitoring and close
What Microchip Technology Incorporated reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Consolidated
- -1.3%
- Max move
- -3.0%
No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.