Microchip Technology (MCHP) will report second-quarter fiscal 2026 results on Nov. 6, with expected net sales between $1.110 billion and $1.150 billion. Revenue estimates are at $1.13 billion, a 2.74% decline year-over-year, while earnings are expected to be 33 cents per share, a 28.26% decline.

Microchip’s results may reflect improving inventory levels, with inventory days expected to be between 195 and 200 days. The company benefits from strong design wins in industrial, aerospace, and automotive sectors, driving revenue growth. Gross margin and revenues are expected to benefit from inventory correction and increased customer shipments.

Microchip’s stock has an Earnings ESP of 0.00% and a Zacks Rank #3. Affirm (AFRM), Bill Holdings (BILL), and Cisco Systems (CSCO) are also worth considering due to their potential for earnings beats in upcoming releases. Affirm has an Earnings ESP of +3.53%, Bill Holdings has +0.85%, and Cisco Systems has +1.91%.

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Read more at Nasdaq: Microchip to Report Q2 Earnings: What’s in Store for the Stock?