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Microchip posted better-than-expected earnings and raised guidance, but shares fell despite higher dividends and upgraded price targets.
Microchip Technology reported stronger-than-expected Q3 2026 results, with EPS of $0.44 and 15.6% year-over-year revenue growth to $1.19 billion, leading Wells Fargo, Mizuho, Rosenblatt, and Needham to raise their price targets.
The company guided Q4 2026 EPS to $0.48–$0.52, above estimates, and declared a $0.455 quarterly dividend.
Despite positive earnings and guidance, shares dipped $2.28 to $75.76 on Friday.
TD Cowen maintained a "Hold" rating, citing execution risks.
Insider sales totaled $9.6 million over 90 days, and the stock has a market cap of $40.95 billion.
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Microchip registró ganancias mejores de lo esperado y elevó la previsión, pero las acciones cayeron a pesar de los mayores dividendos y los objetivos de precios mejorados.