Microchip Technology — Second Quarter Fiscal 2027 Earnings Summary

Microchip Technology reported net sales of $1.622 billion for the second quarter of fiscal 2027, representing a 42.2% increase year-over-year and a 9.2% sequential rise. On a non-GAAP basis, the company achieved net income of $559.2 million, or $0.97 per diluted share, surpassing its previous guidance. The company announced the completion of acquisitions for Hailo and Vorago Technologies, while declaring a quarterly dividend of 45.5 cents per share for the upcoming December quarter. Looking ahead to the December quarter, Microchip forecasts net sales between $1.573 billion and $1.638 billion, reflecting expected seasonal adjustments and continued growth in data center and industrial markets.