Microchip reports Q1 FY2027 revenue up 38% YoY to $1.485B, guides Q2 up 7-9% sequentially

Filed August 6, 2026 · Period ending August 6, 2026 · ~1 min read

Key Changes

• high

  Q1 FY2027 revenue of $1.485B beat guidance midpoint of $1.456B, up 38.0% 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 exceeded 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 →