Microchip Technology Analysts Increase Their Forecasts After Better-Than-Expected Q1 Results
1. MCHP reported Q1 earnings of 27 cents per share, exceeding estimates. 2. Quarterly sales reached $1.075 billion, surpassing analyst expectations. 3. MCHP forecasts Q2 adjusted EPS of 34-37 cents, above market estimates. 4. CEO highlighted strong start to fiscal 2026 with 10.8% revenue growth. 5. Analysts raised MCHP's price targets, indicating bullish sentiment.