Microchip Technology is trading 13.68% up now at $84.35 after reporting fiscal first-quarter revenue of $1.485 billion and adjusted EPS of $0.76, both ahead of estimates.
- September-quarter revenue guidance of $1.589 billion–$1.618 billion exceeded expectations, signaling continued demand recovery and margin expansion.
- Reuters reported the forecast lifted Microchip Technology and broader chip shares on August 7, 2026, amplifying sector momentum.