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Sentiment · FY2027 Q1
As of FY2026 Q4, the Tellvest earnings-call sentiment score for Microchip Technology (MCHP) is 9/10.
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.
Scored from Microchip Technology’s FY2026 Q4 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2025 Q2 | $1.16B | -48.4% | $0.14 | -88.4% | 57.4% | 12.6% | 6.7% | $23M |
| FY2025 Q3 | $1.03B | -41.9% | $-0.10 | -112.9% | 54.7% | 3.0% | -5.2% | $253M |
| FY2025 Q4 | $971M | -26.8% | $-0.29 | -203.6% | 51.6% | -10.3% | -15.9% | $192M |
| FY2026 Q1 | $1.08B | -13.4% | $-0.09 | -135.9% | 53.6% | 3.0% | -1.7% | $258M |
| FY2026 Q2 | $1.14B | -2.0% | $0.08 | -45.0% | 55.9% | 8.3% | 3.7% | $52M |
| FY2026 Q3 | $1.19B | +15.6% | $0.06 | +164.2% | 59.6% | 12.8% | 2.9% | $319M |
| FY2026 Q4 | $1.31B | +35.1% | $0.21 | +172.4% | 61.0% | 16.1% | 11.0% | $243M |
| FY2027 Q1 | $1.48B | +38.0% | $0.37 | +529.7% | 63.2% | 22.7% | 15.5% | $498M |