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Jan 6, 2026 8:00 AM

Microchip Raises Outlook Again, Stock Soars

Microchip Technology Incorporated (NASDAQ:MCHP) stock rose Tuesday after the semiconductor company disclosed that it now expects fiscal third-quarter revenue to come in above prior expectations.

Third-Quarter Guidance

On Monday, Microchip said it now expects third-quarter fiscal 2026 net sales of approximately $1.185 billion for the period ending December 31, 2025.

The revised outlook exceeds the company’s original guidance range of $1.109 billion to $1.149 billion issued on November 6, 2025, as well as a December 2 update that pointed to the high end of that range.

Also Read: Microchip Customers Still Holding Back On Chip Orders, Rebound Coming In 2026 Says Analyst

Last month, the company also raised its ...