Microchip Technology Incorporated, founded in 1989, is set to release its Q3 2026 earnings on Feb. 5. Analysts predict a profit of $0.30 per share, up 130.8% from the year-ago quarter. For the current year, EPS is expected to be $1.11, with a 88.3% YoY increase to $2.09 in fiscal 2027.

Shares of MCHP have surged 33.4% in the past 52 weeks, outperforming the S&P 500 and the Technology Select Sector SPDR ETF. On Jan. 6, MCHP stock closed up more than 11% after raising its Q3 2026 net sales forecast to $1.19 billion, above the consensus of $1.14 billion.

CEO Steve Sanghi expressed optimism for Microchip’s outlook, citing a rebound in key end markets as inventory corrections ease. Analysts’ consensus opinion on the stock is somewhat bullish, with a “Moderate Buy” rating overall. The average analyst price target is $77.30, indicating an upside of 2.8% from current levels.

Read more at Yahoo Finance: Here’s What to Expect From Microchip Technology’s Next Earnings Report