Microchip Technology is scheduled to report its first-quarter fiscal 2027 results on August 6. The company expects revenues between $1.442 billion and $1.469 billion, with the Zacks Consensus Estimate at $1.46 billion, implying 35.39% growth from the year-ago quarter. Non-GAAP earnings are projected in the 67 to 71 cents per share range, and the consensus estimate stands at 70 cents per share, up from 27 cents a year earlier. Results are expected to have benefited from improving demand across industrial, automotive, communications, aerospace and defense, and data center markets, along with robust bookings momentum and channel replenishment. Microchip shares have risen 18% year to date, underperforming the Zacks Computer and Technology sector's 11.7% gain and peers Texas Instruments, onsemi, and Analog Devices, which returned 55.4%, 48.5%, and 33.4% respectively.
Microchip Technology IncCompany expects revenue growth driven by improving demand across multiple end markets.
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