Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2026

February 6, 2026 - 02:57

Microchip Technology Incorporated has announced its financial results for the third quarter of fiscal year 2026, revealing sequential and year-over-year growth. The company reported net sales of $1.186 billion, a figure that represents a 4.0% increase from the previous quarter and a significant 15.6% rise compared to the same period last year. This result closely aligned with the company's updated guidance provided in early January, which projected sales of approximately $1.185 billion.

On a GAAP (Generally Accepted Accounting Principles) basis, the company achieved a gross profit margin of 59.6%. Operating income for the quarter was $151.7 million, accounting for 12.8% of net sales. Net income attributable to common stockholders reached $34.9 million, resulting in earnings per diluted share of $0.06. This GAAP EPS notably surpassed the company's earlier guidance from December 2025, which had anticipated $0.02 per diluted share.

The company also reported strong non-GAAP financial metrics, which management uses to evaluate core operational performance. These adjusted results exclude certain one-time and non-cash expenses, providing an alternative view of the company's profitability and financial health during the quarter. The positive performance across key metrics indicates robust execution and demand in its core markets.