Microchip Technology Stock Gains 2.97% After Q1 Earnings Beat

Key Facts

1Microchip Technology stock rose 2.97% to $76.91 after exceeding analyst estimates.

2The company reported adjusted EPS of $0.76 and revenue of $1.48 billion for the fiscal first quarter.

3Cantor Fitzgerald reiterated an Overweight rating with a $125 price target.

Microchip Technology stock rose 2.97% to $76.91 after the company's results exceeded analyst estimates. AD HOC NEWS reported that the firm posted adjusted earnings per share of $0.76 and revenue of $1.48 billion for the fiscal first quarter, beating consensus expectations of $0.70 per share and $1.46 billion in revenue.

Cantor Fitzgerald reiterated an Overweight rating on the stock with a $125 price target, indicating a significant valuation gap from current trading levels. MCHP closed at $74.69 on September 24, 2026, prior to the latest gains driven by the financial results and the company's fiscal second-quarter guidance of $0.91 to $0.95 per share.