US Stock Movement | Microchip Technology Rises Over 2% Pre-market as Q4 Results and Q1 Guidance Beat Expectations

Glonghui, May 8 — Microchip Technology (MCHP.US) rose 2.69% in pre-market trading to $104.31. According to reports, Microchip Technology's financial results for the fourth quarter of fiscal year 2026 showed revenue increased by 35% year-on-year to $1.31 billion, exceeding the expected $1.26 billion; adjusted earnings per share were $0.57, higher than the expected $0.50; adjusted gross margin was 61.6%, above the expected 61%. Looking ahead, Microchip Technology expects revenue for the first quarter of fiscal year 2027 to be between $1.44 billion and $1.47 billion, surpassing the market expectation of $1.34 billion; adjusted gross margin is expected to be between 62.3% and 63.3%, while the market expectation is 61.6%.