Microchip Technology reports Q1 FY2027 net sales of $1.485B, beating guidance; guides Q2 FY2027 net sales to $1.589B-$1.618B
Microchip Technology reported Q1 FY2027 (three months ended June 30, 2026) net sales of $1,484.7 million, beating the May 7, 2026 guidance midpoint of $1,456 million by $28.7 million (approximately 1.97%); net sales rose 38.0% year-over-year and 13.2% sequentially. GAAP diluted EPS of $0.37 and non-GAAP diluted EPS of $0.76 both beat the guided ranges of $0.28-$0.29 (GAAP) and $0.67-$0.71 (non-GAAP). For Q2 FY2027 (quarter ending September 30, 2026), Microchip guided net sales of $1.589 to $1.618 billion, GAAP d...
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