Microchip Tech

Q2 FY2027 EarningsQ2 FY27 results significantly beat consensus across all major metrics: revenue reached $1.62B vs. $1.61B expected, and Non-GAAP EPS of $0.97 exceeded the $0.94 mean estimate. Growth was broad-based, up 42.2% YoY, led by industrial and data center applications with robust book-to-bill ratios. While Q3 revenue guidance midpoint of $1.605B is slightly above current consensus, projected gross margins of 64.0%-65.0% suggest a sequential tightening due to seasonal factors and the roll-off of one-time revenue items.