Earnings Releases·Nov 5, 2026, 4:18 PM ET

Microchip Technology — Second Quarter Fiscal 2027 Earnings Summary

Net sales reached $1.622 billion, a 42.2% year-over-year and 9.2% sequential increase, exceeding the prior guidance high end; GAAP net income surged to $373.6 million ($0.68 per share) from $13.9 million ($0.03 per share) in the prior year quarter.
Q3 FY27 net sales guidance is $1.573 billion to $1.638 billion, reflecting a 1% to 3% sequential decline and approximately 35.4% year-over-year growth, with non-GAAP gross margin expected between 64% and 65%.
Strategic acquisitions of Hailo (edge AI processors) and Vorago Technologies (radiation-hardened microcontrollers) were completed in September and October 2026, while the company returned $247.6 million to shareholders via dividends in the quarter.
Management highlighted broad-based growth driven by industrial and data center markets, noting lengthening supply chain lead times and ongoing efforts to expand capacity and secure wafer allocation.