Microchip Technology Incorporated (MCHP) earnings on August 6, 2026
More Microchip Technology Incorporated earnings
Prior outlook: Pessimistic Outcome: Missed
Microchip Technology's stock jumped after its earnings report, rising as much as 15.8% during the day and closing up 13.6%. This happened even though one analyst firm kept a positive rating but lowered its price target.
MCHP price around the earnings
84.69
Change: +13.6%
2026-08-07, 20:00 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: Pessimistic Outcome: Missed
- Thesis published
- Results released
Despite 100% beat rate and high analyst upside, stock faces severe trend strength breakdown and high implied volatility.
Context analyzed before publication
- Trend
- Stock shows severe trend strength breakdown and deteriorating trajectory into earnings, despite earlier stabilization attempts.
Analysts
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.56
- Analysts covering the stock
- 24
- Average price target
- 113.08
- Lowest price target
- 80
- Highest price target
- 135
- Upside to price target
- 51.1%
- Revenue growth
- 35.1%
- Forward EPS
- 4.2
- Trailing EPS
- 0.22
- Analyst moves in the last 60 days
- 3
- Strong buy: 2
- Buy: 17
- Hold: 6
- Sell: 0
- Strong sell: 0
- Strong buy
- 2
- Buy
- 17
- Hold
- 6
- Sell
- 0
- Strong sell
- 0
- August 3, 2026 · Cantor Fitzgerald: Reiterates rating (Overweight → Overweight)
- July 20, 2026 · Wells Fargo: Maintains rating (Equal-Weight → Equal-Weight)
- July 13, 2026 · TD Cowen: Maintains rating (Hold → Hold)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- High
- Normalized volume
- 99%
News
Sources (7)
- Cantor Fitzgerald Reiterates Overweight on Microchip Technology, Maintains $125 Price Target (opens in a new tab) — Benzinga
- Stock Market Today: S&P 500, Dow Jones, Nasdaq 100 Futures Rise as US-Iran Halt Retaliatory Strikes—Microchip Technology, AMD, Nucor in Focus (UPDATED) (opens in a new tab) — Benzinga
- Nucor, Celestica And 3 Stocks To Watch Heading Into Monday (opens in a new tab) — Benzinga
- Microchip Technology Signs Definitive Agreement To Acquire Hailo; Terms Not Disclosed (opens in a new tab) — Benzinga
- Wells Fargo Maintains Equal-Weight on Microchip Technology, Lowers Price Target to $88 (opens in a new tab) — Benzinga
- Jim Cramer Says Microchip Is Near A Bottom — 'I Don't See It Yet' — While Nebius Is 'Not Done Going Down' (opens in a new tab) — Benzinga
- TD Cowen Maintains Hold on Microchip Technology, Lowers Price Target to $90 (opens in a new tab) — Benzinga
Technicals
Evidence
- Price when the context was analyzed
- 77.65
- Average true range (ATR)
- 5.2%
- Distance to 52-week high
- -27.1%
- 14-day change (14d)
- -8.7%
- 30-day change (30d)
- -11.3%
- 30-day relative strength
- -10.5%
- QQQ change (30d)
- -0.8%
- Nearest support
- 77.55
- Distance to nearest support
- 0.1%
- Nearest resistance
- 79.08
- Distance to nearest resistance
- 1.8%
- Volume accumulation ratio (14d / 46d)
- 0.95
- Major: 77.55 (0.1% away, 0.02 ATR, 56 touches)
- Minor: 76.61 (1.3% away, 0.26 ATR, 1 touches)
- Major: 75.37 (2.9% away, 0.56 ATR, 87 touches)
- Major: 79.08 (1.8% away, 0.35 ATR, 46 touches)
- Major: 80.06 (3.1% away, 0.59 ATR, 42 touches)
- Major: 81.65 (5.2% away, 0.98 ATR, 30 touches)
Trends
Evidence
- Average earnings surprise
- +8.4%
- May 7, 2026: actual EPS 0.57 vs estimate 0.5 (surprise +12.9%)
- 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 0.27 vs estimate 0.24 (surprise +13.2%)
Expected move
- Implied move
- +10.1%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 3%
- 75th percentile move
- 6.2%
- 90th percentile move
- 7.8%
- Up / down moves
- 8 / 12
- Average up move
- +5.0%
- Average down move
- -3.7%
Monitoring and close
What Microchip Technology Incorporated reported
- Status
- Finished
| Actual EPS | 0.76 |
|---|---|
| EPS estimate | 0.69 |
| EPS surprise | +10.1% |
| Revenue | $1,485 million |
| Revenue estimate | $1,458 million |
| Revenue surprise | +1.9% |
Microchip beat Q1 expectations with adjusted EPS of $0.76 and revenue of $1.485 billion. Optimism persists, though concerns remain about the growth mix.
Sources (2)
- Microchip beat expectations in Q1: adjusted earnings of $0.76 per share versus $0.69 estimated, and revenue of $1.485 billion versus $1.458 billion. — Benzinga
- Microchip Technology Q1 Adj. EPS $0.76 Beats $0.69 Estimate, Sales $1.485B Beat $1.458B Estimate (opens in a new tab) — Benzinga
Pre-market second reading after the results
- Verdict
- Beat expectations
Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating +7.0% pre-market, a move above the stock's usual reaction (about 3%). The figures overturn the prior pessimistic scenario. In the 1,458 similar cases in our market history, the close held that direction 96% of the time.
How the stock reacted
- Outcome
- Missed
- Consolidated
- +13.6%
- Max favorable move (MFE)
- 2%
- Max adverse move (MAE)
- 15.8%