Microchip Technology Incorporat (MCHP) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $0.76
- Estimate
- $0.70
- Surprise
- +8.7%
- Revenue (period 2026-06-30)
- $1.48B
- Score at report (before → after)
- 6.5 → 6.3/10
Revenue source: xbrl.
How the report landed
Microchip Technology Incorporat (MCHP) beat the $0.70 estimate with diluted EPS of $0.76 — a clear 8.7% upside surprise. TrendMatrix's engine moved from Hold (6.5/10) to Buy (Wait) at 6.3/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates MCHP Hold at 6.5/10.
4 of the last 4 quarters beat the estimate; this quarter's +8.7% surprise compares with a +7.3% four-quarter average. Next scheduled report: 2026-11-05.
What supports the rating
- Strong earnings beat streak (4/4)
- Strong growth profile
What argues against it
- Concentration risk — Geographic: foreign customers (75.0%)
- Concentration risk — Supplier: outside wafer foundries (65.0%)
- Sector modifier (Technology): -0.8
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $74.28
- Price target
- $97.78
- Stop
- $69.44
- Upside to target
- +31.6%
- Reward-to-risk
- 5.0:1
The stock trades at 107.5× trailing but 16.0× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-04 — shown for context, not personalized investment advice.
MCHP at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Semiconductors
- Market cap
- $39.70B
- P/E (fwd)
- 16.0
- P/E (ttm)
- 107.5
- 52-week range
- $48.52–$105.91
- Off 52-week high
- 29.9%
- RSI (14)
- 33
- Volume vs avg
- 0.38×
- Score today
- 6.5/10