Microchip Technology Reports Fiscal Q2 Sales Growth and EPS of $0.97
Fiscal Q2 net sales were $1.622 billion, up 42.2% year over year and 9.2% sequentially. Non-GAAP diluted EPS was $0.97, above the August guidance range of $0.91 to $0.95. The company also forecast Q3 revenue of $1.57 billion to $1.64 billion and adjusted EPS of $0.87 to $0.95.
Microchip Technology Incorporated announced its financial results for the second quarter of fiscal 2027, ending September 30, 2026, reporting net sales of $1.622 billion, which represents a 42.2% increase year-over-year and a 9.2% sequential increase. The company's non-GAAP earnings per diluted share were $0.97, surpassing the guidance range of $0.91 to $0.95 provided in August. Additionally, the Board of Directors declared a quarterly cash dividend of 45.5 cents per share, payable on December 8, 2026.
The company also provided guidance for the third quarter of fiscal 2027, projecting revenue between $1.57 billion and $1.64 billion and adjusted earnings per share between $0.87 and $0.95. Management attributed the growth to broad-based demand across industrial and data center markets.