GlobeNewswire·Nov 5, 2026, 4:15 PM ET

Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2027

MCHP

Net sales for the quarter ended September 30, 2026, reached $1.622 billion, representing a 42.2% year-over-year increase and a 9.2% sequential increase.
GAAP results included gross profit of 65.9%, operating income of $464.5 million, net income attributable to common stockholders of $373.6 million, and diluted EPS of $0.68.
Non-GAAP results included gross profit of 66.5%, operating income of $639.9 million, net income of $559.2 million, and diluted EPS of $0.97.
The company returned $247.6 million to common stockholders via dividends in the September quarter.
A quarterly cash dividend of 45.5 cents per common share was declared for the December quarter, payable on December 8, 2026.
Microchip completed the acquisition of Hailo on September 17, 2026, and Vorago Technologies on October 8, 2026.
Book-to-bill ratios remained robust above one, with PCIe Gen6 switch and retimer design wins in the data center market growing to 24 from 12 in the prior quarter.
Third-quarter fiscal 2027 guidance projects net sales between $1.573 billion and $1.638 billion, with a midpoint of $1.604 billion.
December quarter outlook anticipates sequential net sales decline of 3% to 1% with a midpoint of 1% down, representing approximately 35.4% year-over-year growth.
GAAP gross margin guidance for the December quarter is set between 62.9% and 63.9%, while non-GAAP gross margin is expected between 64% and 65%.
Capital expenditures are estimated at approximately $35 million for the December quarter and $100 million for the full fiscal 2027 year.
Victor Peng announced his resignation from the Board of Directors on November 3, 2026, due to other time commitments.