Company guides non-GAAP EPS of $0.67-$0.71 for Q4 2026, citing PCIe retimer growth in data centers.
Microchip Technology projected June-quarter net sales growth of 11% sequentially, driven by demand for PCIe retimers in data center applications. The company guided non-GAAP earnings per share between $0.67 and $0.71 for Q4 2026.
In the March quarter, Microchip reported $1.311 billion in net sales, a 10.6% sequential increase. Non-GAAP gross margin reached 61.6%, despite $46.6 million in capacity underutilization charges, while non-GAAP EPS was $0.57. Operating cash flow totaled $257 million.