Microchip Technology Incorporated (MCHP) stock falls on Q3 2026 Earnings

Microchip Technology Incorporated (MCHP) reported third-quarter 2026 revenue of $1.19 billion, up 15.6% year-over-year, with gross profit of $706.9 million, up 25.9%.

Key income-statement items:

Operating profit: $151.7 million (up 390.9% year-over-year).

Net income attributable to common shareholders: $62.7 million (down 217.0% year-over-year).

Diluted earnings per share: $0.06 (down 160.0% year-over-year).

Cost of sales: $479.1 million (up 3.1% year-over-year).

Estimates and market reaction:

Revenue: $1.19 billion actual vs. estimate of $1.20 billion.

EPS: $0.06 actual vs. estimate of $0.42.

Reported stock movement since market close: -6.06%.

Liquidity and balance-sheet highlights:

Cash from operating activities: $341.4 million (up 25.8% year-over-year).

Property, plant and equipment purchases (capex): $22.5 million (up 24.3% year-over-year).

Cash and cash equivalents: $250.7 million (down 57.2% year-over-year).

Total liabilities: $7.77 billion (down 19.1% year-over-year).

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Microchip Technology Incorporated Insider Trading Activity

Microchip Technology Incorporated insiders have traded $MCHP stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.

Here’s a breakdown of recent trading of $MCHP stock by insiders over the last 6 months:

STEVE SANGHI (President, CEO and Chair of Bd) has made 0 purchases and 2 sales selling 117,323 shares for an estimated $9,425,696.
JAMES ERIC BJORNHOLT (SENIOR VP AND CFO) has made 0 purchases and 3 sales selling 11,648 shares for an estimated $721,769.
MATTHEW W CHAPMAN sold 10,000 shares for an estimated $682,550

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Microchip Technology Incorporated Hedge Fund Activity

We have seen 479 institutional investors add shares of Microchip Technology Incorporated stock to their portfolio, and 602 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL RESEARCH GLOBAL INVESTORS removed 13,762,481 shares (-87.9%) from their portfolio in Q3 2025, for an estimated $883,826,529
ORBIS ALLAN GRAY LTD removed 4,268,958 shares (-92.0%) from their portfolio in Q3 2025, for an estimated $274,152,482
INVESCO LTD. removed 4,144,979 shares (-22.5%) from their portfolio in Q3 2025, for an estimated $266,190,551
STATE STREET CORP removed 3,808,923 shares (-11.9%) from their portfolio in Q3 2025, for an estimated $244,609,035
FRANKLIN RESOURCES INC removed 3,310,836 shares (-73.3%) from their portfolio in Q3 2025, for an estimated $212,621,887
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 3,155,935 shares (-25.0%) from their portfolio in Q3 2025, for an estimated $202,674,145
GOLDMAN SACHS GROUP INC removed 2,872,723 shares (-31.7%) from their portfolio in Q3 2025, for an estimated $184,486,271

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Microchip Technology Incorporated Government Contracts

We have seen $3,646,057 of award payments to $MCHP over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

76001-204: $1,622,194
5071A-C001: $400,717
HIGH PERFORMANCE CESIUM CLOCKS AND ANCILLARY PARTS. THIS PROCUREMENT INVOLVES 15 UNIQUE COMPONENTS ESSENTI...: $332,806
5071A-C001: $327,340
10891A: $297,221

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

Microchip Technology Incorporated Analyst Ratings

Wall Street analysts have issued reports on $MCHP in the last several months. We have seen 9 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Cantor Fitzgerald issued a "Overweight" rating on 02/02/2026
Piper Sandler issued a "Overweight" rating on 01/15/2026
Mizuho issued a "Outperform" rating on 01/09/2026
Rosenblatt issued a "Buy" rating on 01/06/2026
JP Morgan issued a "Overweight" rating on 01/06/2026
Needham issued a "Buy" rating on 01/06/2026
Stifel issued a "Buy" rating on 11/07/2025

To track analyst ratings and price targets for Microchip Technology Incorporated, check out Quiver Quantitative's $MCHP forecast page.

Microchip Technology Incorporated Price Targets

Multiple analysts have issued price targets for $MCHP recently. We have seen 16 analysts offer price targets for $MCHP in the last 6 months, with a median target of $81.5.

Here are some recent targets:

C.J. Muse from Cantor Fitzgerald set a target price of $100.0 on 02/02/2026
Pradeep Ramani from UBS set a target price of $95.0 on 01/26/2026
Christopher Rolland from Susquehanna set a target price of $90.0 on 01/22/2026
Vivek Arya from B of A Securities set a target price of $78.0 on 01/21/2026
Harsh Kumar from Piper Sandler set a target price of $85.0 on 01/15/2026
Christopher Danely from Citigroup set a target price of $92.0 on 01/15/2026
Craig Ellis from B. Riley Securities set a target price of $95.0 on 01/12/2026