Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when MCHP files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsMicrochip reports Q1 FY2027 revenue up 38% YoY to $1.49B, beats guidance; guides Q2 up 7-9%
Filed August 6, 2026 · Period ending August 6, 2026 · ~1 min read
Key Changes
-
high
Q1 FY2027 revenue of $1.485B exceeded guidance midpoint of $1.456B, up 38% YoY and 13.2% sequentially, driven by improving demand and inventory normalization.
Exhibit 99.1 view on EDGAR → -
high
Non-GAAP EPS of $0.76 beat guidance range of $0.67-$0.71; non-GAAP gross margin expanded to 63.8% and operating margin reached 35.1% on improved factory utilization.
Exhibit 99.1 view on EDGAR → -
high
Inventory days declined from 185 to 175; distribution sell-through increased meaningfully and book-to-bill ratio remained well above 1, signaling strengthening demand.
Exhibit 99.1 view on EDGAR → -
high
Q2 FY2027 revenue guidance of $1.589B-$1.618B implies 7-9% sequential growth and ~40.6% YoY growth at midpoint, with continued margin expansion expected.
Exhibit 99.1 view on EDGAR → -
medium
Returned $246.9M to shareholders via dividends in Q1; declared September quarter dividend of $0.455 per share, payable September 9, 2026.
Exhibit 99.1 view on EDGAR →
Summary
Microchip Technology reported first-quarter fiscal 2027 results that exceeded guidance on both revenue and earnings, signaling continued recovery from the semiconductor downturn. Revenue of $1.485 billion grew 38% year-over-year and 13.2% sequentially, topping the $1.456 billion midpoint guidance.
Non-GAAP earnings per share of $0.76 beat the $0.67-$0.71 range, with gross margin expanding to 63.8% and operating margin reaching 35.1% as factory utilization improved. Operationally, the company reduced inventory days from 185 to 175, saw meaningful increases in distribution sell-through, and maintained a book-to-bill ratio well above 1—all indicators of strengthening end-market demand.
For the September quarter, Microchip guided revenue up 7-9% sequentially to $1.589-$1.618 billion, implying roughly 40.6% year-over-year growth at the midpoint. The company expects continued margin expansion toward long-term targets as operational leverage builds. Microchip returned $246.9 million to shareholders via dividends in the June quarter and declared a $0.455 per share dividend for September. The combination of beat-and-raise results, improving operational metrics, and sustained capital return underscores management's confidence in the demand recovery and the company's ability to scale profitability as revenue grows.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Microchip announced Q1 FY2027 earnings results via press release.
Added in current filing · verify on EDGAR →
On August 6, 2026, we announced the results of our operations for the first quarter of fiscal year 2027.
Microchip disclosed its first quarter fiscal 2027 operating results. The complete earnings release is attached as Exhibit 99.1, but the 8-K body itself does not contain specific financial figures such as revenue, earnings per share, or guidance.
Event · Exhibit 99.1
Microchip reported Q1 FY2027 results with revenue up 38% YoY to $1.485B, non-GAAP EPS of $0.76, and guided Q2 revenue up 7-9% sequentially.
Added in current filing · view on EDGAR →
Our operational metrics strengthened during the quarter, with inventory days declining from 185 days on March 31 to 175 days on June 30 and non-GAAP gross margin expanding sequentially to 63.8%, above the high end of our guidance range. Distribution sell-through increased meaningfully, bookings remained strong with a book-to-bill ratio well above 1, and customer activity improved across several key end markets.
Microchip reduced inventory days from 185 to 175 during the quarter, while distribution sell-through increased meaningfully and the book-to-bill ratio remained well above 1. These operational improvements signal strengthening demand and better inventory management, supporting the company's confidence in the ongoing recovery.
Added in current filing · view on EDGAR →
We expect net sales for the September quarter to be up sequentially between 7% and 9%, which at the midpoint would represent year-over-year growth of approximately 40.6%.
For the September 2026 quarter (Q2 FY2027), Microchip guided net sales to $1.589 to $1.618 billion, representing sequential growth of 7% to 9% and year-over-year growth of approximately 40.6% at the midpoint. The company expects continued operational leverage and margin progress toward long-term objectives.
Added in current filing · view on EDGAR →
Returned approximately $246.9 million to common stockholders in the June quarter through dividends. ... Quarterly dividend on common stock declared for the September quarter of 45.5 cents per share.
Microchip returned approximately $246.9 million to common stockholders via dividends in the June quarter and declared a quarterly dividend of 45.5 cents per share for the September quarter, payable September 9, 2026 to stockholders of record on August 24, 2026.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Aug 8, 2026 · How we verify