Quarterly ResultMay 7, 2026, 04:31 PM
Microchip Q4 Net Sales $1.311B, EPS $0.57; Q1 FY27 Guidance Strong
AI Summary
Microchip Technology announced strong financial results for the fourth quarter and fiscal year 2026, significantly exceeding its own guidance. For Q4 2026, net sales were $1.311 billion and Non-GAAP EPS was $0.57, reflecting broad-based improvement and disciplined execution. For the full fiscal year 2026, net sales grew 7.1% to $4.713 billion, with Non-GAAP EPS increasing 25.2% to $1.64. The company also provided robust guidance for Q1 fiscal year 2027, projecting net sales between $1.442 billion and $1.469 billion and Non-GAAP EPS of $0.67 to $0.71, alongside declaring a quarterly cash dividend of $0.455 per share.
Key Highlights
- Microchip Q4 2026 net sales reached $1.311 billion, up 35.1% year-over-year and 10.6% sequentially, exceeding guidance.
- Q4 2026 Non-GAAP diluted EPS was $0.57, surpassing the guidance of $0.48 to $0.52.
- Fiscal Year 2026 net sales totaled $4.713 billion, an increase of 7.1% over the prior year.
- Fiscal Year 2026 Non-GAAP diluted EPS was $1.64, up 25.2% from the prior fiscal year.
- Q1 FY27 net sales are projected to be $1.442 billion to $1.469 billion, up 35.3% YoY at midpoint.
- Q1 FY27 Non-GAAP diluted EPS guidance is $0.67 to $0.71.
- The Board declared a quarterly cash dividend of $0.455 per common share.
- Inventory reduced by $22.3 million in Q4, lowering days of inventory from 201 to 185.