Microchip Technology Incorporat (MCHP) Q3 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 · Editorial policy
Key numbers
- Adjusted EPS
- $0.97
- Estimate
- $0.94
- Surprise
- +3.4%
- Revenue (period 2026-09-30)
- $1.62B
- Score at report (before → after)
- 6.4 → 6.3/10
Revenue source: xbrl.
How the report landed
Microchip Technology Incorporat (MCHP) beat the $0.94 estimate with adjusted EPS of $0.97 — a clear 3.4% upside surprise. TrendMatrix's engine moved from Hold (6.4/10) to Sell at 6.3/10 after the report — the engine's score fell despite the beat.
Coverage in the report window
- B. Riley Securities Maintains Buy on Microchip Technology, Lowers Price Target to $85 — benzinga, 2026-11-06
- Wells Fargo Maintains Equal-Weight on Microchip Technology, Lowers Price Target to $70 — benzinga, 2026-11-06
Where TrendMatrix's rating stands now
TrendMatrix currently rates MCHP Sell at 6.2/10.
4 of the last 4 quarters beat the estimate; this quarter's +3.4% surprise compares with a +6.9% four-quarter average.
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
- $56.60
- Price target
- $95.33
- Stop
- $54.05
- Upside to target
- +68.4%
- Reward-to-risk
- 4.6:1
The stock trades at 95.4× trailing but 14.1× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 29 — a level conventionally read as oversold.
Model outputs from TrendMatrix’s engine as of 2026-11-06 — 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
- $35.21B
- P/E (fwd)
- 14.1
- P/E (ttm)
- 95.4
- 52-week range
- $48.52–$105.91
- Off 52-week high
- 46.6%
- RSI (14)
- 29
- Volume vs avg
- 1.02×
- Score today
- 6.2/10