---
title: "Microchip Technology tumbles 13% on weak Q3 margin guidance"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/304663762.md"
description: "Microchip Technology fell 13.15% to $56.32 as Q3 adjusted gross margin guidance missed estimates."
datetime: "2026-11-06T15:35:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/304663762.md)
  - [en](https://longbridge.com/en/news/304663762.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/304663762.md)
generator: "portal-rs"
---

# Microchip Technology tumbles 13% on weak Q3 margin guidance

Microchip Technology (MCHP.US) tumbled more than **13%** during regular trading to **$56.32**.

The company forecast third-quarter adjusted gross margin below analyst expectations and issued soft sales guidance, despite beating second-quarter earnings and revenue estimates. Multiple firms subsequently cut their price targets: JPMorgan lowered its target to **$100** from **$120**, Mizuho reduced its target to **$90** from **$112**, Rosenblatt cut its target to **$115**, Needham lowered its target to **$85**, and Cantor Fitzgerald reduced its target to **$100**.

Based on public media reports. AI-generated; not investment advice.

### Related Stocks

- [MCHP.US](https://longbridge.com/en/quote/MCHP.US.md)
- [MCHU.US](https://longbridge.com/en/quote/MCHU.US.md)

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- [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)
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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**