--- title: "BUZZ-Microchip tumbles after weak margin forecast, bucks chip-sector gains" type: "News" locale: "en" url: "https://longbridge.com/en/news/304658971.md" datetime: "2026-11-06T14:50:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/304658971.md) - [en](https://longbridge.com/en/news/304658971.md) - [zh-HK](https://longbridge.com/zh-HK/news/304658971.md) generator: "portal-rs" --- # BUZZ-Microchip tumbles after weak margin forecast, bucks chip-sector gains (Updates) Shares of US semiconductor supplier Microchip (MCHP.O) fall 5% to $61, on track for their worst day since July as concerns over its margin outlook outweigh a broader chip-sector rebound Co on Thursday forecast gross margin of 64% to 65% in Q3, below analysts’ mean estimate of 66.2% — data compiled by LSEG Supply limitations are constraining the outlook, CEO Steve Sanghi said, as bottlenecks at foundries, assembly and test partners, and internal operations leave some orders unfilled At least three brokerages cut PTs; JPM lowered its PT to $100 from $120, citing supply constraints and higher costs that are limiting margin expansion despite healthy demand 14 out of 27 analysts rate the stock as “buy”, 7 as “strong buy” and six “hold”; their median PT is $88 — LSEG Up to last close, stock has risen 4% YTD ### Related Stocks - [MCHP.US](https://longbridge.com/en/quote/MCHP.US.md) - [MCHG.US](https://longbridge.com/en/quote/MCHG.US.md) - [MCHU.US](https://longbridge.com/en/quote/MCHU.US.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) ## Related News & Research - [Microchip Technology Incorporated $MCHP Stake Increased by Rakuten Investment Management Inc.](https://longbridge.com/en/news/304435981.md) - [Microchip forecasts Q3 adjusted gross margin below estimates](https://longbridge.com/en/news/304527874.md) - [Microchip Technology Incorporated $MCHP Stock Sold by Americana Partners LLC](https://longbridge.com/en/news/304076125.md) - [34,239 Shares in Microchip Technology Incorporated $MCHP Bought by VCI Wealth Management LLC](https://longbridge.com/en/news/304103527.md) - [Microchip Technology Announces Dividend of R$ 0.84053904 per Unit](https://longbridge.com/en/news/304682341.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**