🟢 Microchip Technology is trading 8.75% up in after-hours trading after reporting revenue above guidance

Microchip Technology is trading at $80.87 (+8.75%) after fiscal Q1 2027 revenue came in above guidance.

• Revenue was $1.485 billion, up 38.0% year over year.
• Non-GAAP EPS was $0.76, above the $0.70 FactSet estimate.
• Fiscal Q2 revenue guidance of $1.59–$1.62 billion and adjusted EPS guidance of $0.91–$0.95 reinforced the bullish reaction; the earnings release and outlook directly explain the after-hours surge.