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Sentiment · FY2026 Q4
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Blayne Curtis | Jefferies | 14 | 14% |
| Vivek Arya | Bank of America | 14 | 36% |
| Chris Caso | Wolfe Research | 14 | 14% |
| Harlan Sur | JPMorgan | 11 | 0% |
| Vijay Rakesh | Mizuho Securities | 10 | 0% |
| Harsh Kumar | Piper Sandler | 9 | 0% |
| Tim Arcuri | UBS | 9 | 44% |
| Chris Danely | Citigroup | 9 | 22% |
| Joshua Buchalter | TD Cowen | 8 | 13% |
| Tore Svanberg | Stifel | 8 | 0% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Jefferies | 1 | 14 | 14% |
| Wolfe Research | 1 | 14 | 14% |
| Bank of America | 1 | 14 | 36% |
| JPMorgan | 1 |
| 11 |
| 0% |
| Mizuho Securities | 1 | 10 | 0% |
| Piper Sandler | 1 | 9 | 0% |
| Citigroup | 1 | 9 | 22% |
| UBS | 1 | 9 | 44% |
Microchip closed fiscal 2026 with March-quarter net sales of $1.311 billion, up 35.1% year-over-year and above the high end of guidance, swinging back to a GAAP profit of $0.21 per share from a year-ago loss. The recovery was broad-based: aerospace and defense and FPGA products led, data center momentum built on six PCIe Gen 6 design wins and entry into the retimer market, and management cited the largest booking month in almost four years with a book-to-bill well above one. Non-GAAP operating margin more than doubled from the cycle trough of 14% to 30.6%, while inventory fell to 185 days as the nine-point recovery plan neared completion. Management guided June-quarter net sales up 11% sequentially and flagged tightening substrate, wafer, and foundry supply with lead times beginning to extend. The setup points to a durable upcycle, though supply constraints and still-elevated inventory remain watch items.
Demand | Revenue Growth | Margin | Competitive Dynamics | Inventory | Supply Chain | Cloud & AI | Cost Pressure | |
|---|---|---|---|---|---|---|---|---|
| 2025Q2 | 8 | 5 | 3 | 6 | 4 | 4 | 1 | 2 |
| 2025Q3 | 2 | 3 | 3 | 5 | 5 | 1 | 3 | |
| 2025Q4 | 6 | 5 | 6 | 7 | 6 | 1 | 2 | |
| 2026Q1 | 13 | 6 | 6 | 5 | 7 | 6 | 1 | 2 |
| 2026Q2 | 10 | 6 | 7 | 3 | 2 | 2 | 5 | 2 |
| 2026Q3 | 7 | 6 | 4 | 1 | 2 | 1 | 2 | 2 |
| 2026Q4 | 7 | 3 | 3 | 4 | 3 | 3 | 5 | 2 |
| '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | '26Q4 | |
|---|---|---|---|---|---|---|---|
| Demand | 8 | 2 | 6 | 13 | 10 | 7 | 7 |
| Revenue Growth | 5 | 3 | 5 | 6 | 6 | 6 | 3 |
| Margin | 3 | 3 | 6 | 6 | 7 | 4 | 3 |
| Competitive Dynamics | 6 | 5 | 7 | 5 | 3 | 1 | 4 |
| Inventory | 4 | 5 | 6 | 7 | 2 | 2 | 3 |
| Supply Chain | 4 | 1 | 6 | 2 | 1 | 3 | |
| Cloud & AI | 1 | 1 | 1 | 5 | 2 | 5 | |
| Cost Pressure | 2 | 3 | 2 | 2 | 2 | 2 | 2 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
MCHP Microchip Technology | 9 | +35.1% | |
| ADI Analog Devices | 9 | +37.3% | |
| AMAT Applied Materials | 9 | +11.4% | |
| AMD Advanced Micro Devices, Inc. | 9 | +37.9% | |
| ARM Arm Holdings | 7 | +20.1% | |
| ASML ASML Holding | 9 | +13.3% | |
| AVGO Broadcom Inc. | 9 | +29.5% | |
| INTC Intel Corporation | 6 | +7.2% | |
| KLAC KLA Corporation | 7 | +11.5% | |
| LRCX Lam Research | 9 | +23.8% | |
| MPWR Monolithic Power Systems | 10 | +26.1% | |
| MRVL Marvell Technology | 10 | +27.6% | |
| MU Micron Technology, Inc. | 9 | +196.3% | |
| NVDA NVIDIA Corporation | 9 | +85.2% | |
| NXPI NXP Semiconductors | 7 | +12.2% | |
| ON ON Semiconductor | 6 | +4.7% | |
| Q Qnity Electronics, Inc. | 10 | +17.6% | |
| QCOM Qualcomm | 3 | -3.5% | |
| SWKS Skyworks Solutions | 3 | -1.0% | |
| TER Teradyne | 9 | +87.0% | |
| TXN Texas Instruments | 9 | +18.6% |