🟢 Microchip Technology is trading 10% up in pre-market after earnings beat expectations

Microchip Technology is trading 10.27% up now at $82.00 after August 6, 2026, earnings exceeded expectations.

• Fiscal Q1 revenue reached $1.485 billion, up 38.0% year over year; adjusted EPS was $0.76 versus a $0.70 estimate.
• Management guided September-quarter revenue to approximately $1.60 billion and adjusted EPS to $0.93.
• The outlook reinforced expectations for a cyclical recovery and supported the broader semiconductor rally.