Microchip Technology Incorporated · MCHP · Next earnings

Microchip Technology Incorporated reports Thursday, Nov 5, 2026

MCHP reports after market close with consensus EPS at $0.92 and revenue at $1.61B. Last quarter: Microchip Beats Q3 FY2026 on Gen 6 PCIe Wins and Automotive Ethernet Growth

Reports After market close46 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $0.92 Calendar consensus
Consensus revenue $1.61B Calendar consensus
Report date Nov 5, 2026 Thursday, date estimated
Session After market close 46 days away

Where MCHP left off: FY2026 Q3

Full report

Microchip Beats Q3 FY2026 on Gen 6 PCIe Wins and Automotive Ethernet Growth

EPS surprise +2.7% Reported $0.44 vs $0.43
Revenue surprise +0.2% Reported $1.19B vs $1.18B
Stock move -2.6% Event window
Subsequent drift -14.5% Up to 20 sessions

Guidance was raised from the prior quarter. The December-quarter guide (from Q2 FY2026) projected a 1% sequential revenue decline with non-GAAP gross margin of 57-59%. The March-quarter guide (from Q3 FY2026) was raised to $1.26 billion plus or minus $0.02B, implying 6.2% sequential growth, with non-GAAP gross margin of 60.5-61.5%. Capex outlook remained stable at or below $100 million for FY2026. Guidance sentiment shifted from maintained to raised.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Inventory reserve and utilization charges could persist if fab normalization stalls, pressuring margins.
  • High debt leverage (net debt/EBITDA approximately 4.2x) constrains capital allocation flexibility.
  • Fab capacity constraints and foundry shortages on advanced nodes may affect lead times for Gen 6 products.
  • Substrate capacity constraints affecting advanced-node product shipments.
  • Customer inventory drawdown volatility and reliance on expedited shipments.

Questions analysts left open

  • Sustainability of gross-margin improvements beyond inventory charge normalization.
  • Timing and magnitude of fab utilization improvements.
  • Impact of ongoing debt reduction on capital allocation priorities.
  • Performance of traditionally seasonal microcontroller and analog segments.
  • Details on FPGA growth trajectory and market-share gains.

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Recent MCHP quarters

All MCHP earnings
-2.6%FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.