{
  "id": 18380325,
  "title": "Microchip Technology stock drops 4% as Q3 guidance trails estimates",
  "url": "https://urgent.news/2026/11/05/microchip-technology-stock-drops-4-as-q3-guidance-trails-estimates",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T21:52:24.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/earnings/microchip-technology-stock-drops-4-as-q3-guidance-trails-estimates-93CH-5005830"
  },
  "original_language": "en",
  "account": "Chandler, Arizona - Microchip Technology Inc. (MCHP) posted strong Q2 earnings per share of $0.97, surpassing analyst estimates by $0.04, but its stock slipped 4% after delivering weaker-than-expected guidance for Q3. The company reported $1.62 billion in revenue, a 42.2% year-over-year increase, surpassing the $1.61 billion forecast. However, Microchip's guidance for third-quarter earnings of $1.573 billion to $1.638 billion fell short of the $1.62 billion consensus estimate. For Q3, the company expects adjusted EPS of $0.87 to $0.95, a 9.2% sequential rise in net sales to $1.622 billion, and a 66.5% adjusted gross margin. Microchip's President and CEO, Steve Sanghi, noted that strong start-of-fiscal-2027 momentum continued in the September quarter, driven by industrial and data center applications. The decline in guidance is partly attributed to $53 million in infrequent revenue items that will not recur. Microchip declared a quarterly dividend of 45.5 cents per share, payable on December 8 to shareholders of record on November 23.",
  "summary": null,
  "key_points": [
    "Microchip Technology shares fall 4% after missing Q3 earnings estimates",
    "Company reports $1.62 billion revenue, 42.2% YoY increase",
    "Q3 guidance of $1.573B-$1.638B falls short of $1.62B consensus"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Motley Fool",
        "title": "Docusign vs. Monday.com: Which Technology Stock Is a Better Buy for 2027?",
        "url": "https://urgent.news/2026/11/05/docusign-vs-monday-com-which-technology-stock-is-a-better-buy-for-2027",
        "published": "2026-11-05T22:13:02.000Z"
      },
      {
        "outlet": "Nasdaq Markets",
        "title": "Docusign vs. Monday.com: Which Technology Stock Is a Better Buy for 2027?",
        "url": "https://urgent.news/2026/11/05/docusign-vs-monday-com-which-technology-stock-is-a-better-buy-for-2027-18393203",
        "published": "2026-11-05T22:33:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}