Microchip Technology Incorporated (MCHP) Earnings: Q2 Fiscal 2027 Results and Next Report Date

The quarter ended September 30, 2026 and Microchip Technology published the results on November 5, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. Microchip Technology reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Microchip's fiscal year ends March 31, so Q2 fiscal 2027 is the three months to September 30, 2026.
• GAAP EPS is net income attributable to common stockholders, after $27.8 million of dividends on Microchip's 7.50% Series A Mandatory Convertible Preferred Stock. Non-GAAP EPS adds those dividends back and counts the preferred stock as converted.

Source: Microchip Q2 fiscal 2027 results, November 5, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Microchip Technology splits revenue in its own release, under its own labels, for Q2 fiscal 2027 against Q2 fiscal 2026. Indented lines are parts of the line above them.

• Microchip Technology's Mixed-signal Microcontrollers revenue was $774 million in Q2 fiscal 2027, up 32% from $585 million in Q2 fiscal 2026, 48% of total revenue.
• Microchip Technology's Analog revenue was $459 million in Q2 fiscal 2027, up 43% from $322 million in Q2 fiscal 2026, 28% of total revenue.
• Microchip Technology's Other revenue was $388 million in Q2 fiscal 2027, up 66% from $234 million in Q2 fiscal 2026, 24% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

The guidance table in the release puts December-quarter net sales at $1.573 to $1.638 billion, GAAP diluted EPS at $0.47 to $0.50 and non-GAAP diluted EPS at $0.87 to $0.95.

In its Q2 fiscal 2027 release, Microchip Technology said:

“We expect net sales for the December quarter to be between down 3% and up 1% sequentially, with a midpoint of down 1%.”

“Our guidance of down 1% at the midpoint needs to be considered with the fact that we had about $53 million of infrequent revenue items in the September quarter which do not repeat in the December quarter.”

“We expect non-GAAP gross margin to be between 64% and 65% and GAAP gross margin to be between 62.9% and 63.9%.”

Source: Microchip Q2 fiscal 2027 release, Nov 5, 2026.

This is the company's own guidance as of Nov 5, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the MCHP forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net sales and diluted net income per common share, each as first reported in that quarter's release.

Microchip Technology's next report is expected around February 4, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q2 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2027 (this page), reported Nov 5, 2026

Microchip Technology's net sales were $1,621.5 million in Q2 fiscal 2027, up 42.2% from $1,140.4 million a year earlier and up 9.2% from the June quarter. Mixed-signal microcontrollers, Microchip's largest product line, brought in $774.4 million, or 47.8% of net sales, and rose 32.5%. Analog, which includes analog, interface, mixed-signal and timing products, was $459.0 million, up 42.8%. (Microchip Q2 fiscal 2027 release, Nov 5, 2026; Microchip Form 10-Q, Q2 fiscal 2027, Nov 5, 2026)

Microchip Technology describes itself as a maker of smart, connected and secure embedded control solutions. Its portfolio covers mixed-signal microcontrollers, microprocessors, analog, FPGA, data center, networking and memory products, sold into end markets such as automotive, aerospace and defense, communications, consumer appliances, data centers and computing, and industrial. (Microchip Form 10-K, fiscal 2026, May 21, 2026)

The Other line grew fastest, up 65.6% to $388.1 million. It covers FPGA products, licensing royalties for SuperFlash and other technologies, sales of intellectual property, engineering services, memory products, timing systems and manufacturing services. Microchip's technology licensing segment had net sales of $71.1 million, against $32.4 million a year earlier, and the 10-Q says licensing fees for certain intellectual property added to the increase in net sales. (Microchip Form 10-Q, Q2 fiscal 2027, Nov 5, 2026)

Microchip says net sales rose in all geographies because customers increased purchases as they worked through excess inventory levels and new design wins entered production, and that it has been passing higher supply chain costs on to customers as price increases, most recently in the September quarter. Asia was $781.3 million, or 48.2% of net sales, the Americas $460.2 million and Europe $380.0 million. Sales to foreign customers were about 77% of the total. (Microchip Form 10-Q, Q2 fiscal 2027, Nov 5, 2026)

Distributors bought $813.6 million of Microchip's products in the quarter, against $736.8 million from direct customers. Arrow Electronics, the largest distributor, accounted for 11% of net sales over the first six months of fiscal 2027, and no other distributor or direct customer passed 10%. CEO Steve Sanghi said data center PCIe Gen6 switch and retimer design wins had grown to 24, from 12 at the end of the June quarter. (Microchip Form 10-Q, Q2 fiscal 2027, Nov 5, 2026; Microchip Q2 fiscal 2027 release, Nov 5, 2026)

Microchip Technology's GAAP diluted EPS was $0.68 in Q2 fiscal 2027, against $0.03 a year earlier, and non-GAAP EPS was $0.97, against $0.35. The largest items between the two were $90.2 million of amortization of acquired intangible assets, $72.0 million of share-based compensation and $27.8 million of Series A preferred dividends, partly offset by a $17.6 million non-GAAP tax adjustment. (Microchip Q2 fiscal 2027 release, Nov 5, 2026)

Margins widened with volume. GAAP gross margin was 65.9%, against 55.9% a year earlier, and GAAP operating income rose to $464.5 million, or 28.6% of net sales, from $88.9 million. Non-GAAP operating expenses were 27.0% of net sales, against 32.4%. (Microchip Q2 fiscal 2027 release, Nov 5, 2026)

GAAP diluted shares were 550.6 million, against 545.0 million a year earlier. The non-GAAP count of 574.4 million adds 23.8 million shares for the Series A Preferred Stock. Microchip repurchased no common stock in the quarter, with approximately $1.56 billion left under its buyback program, and returned approximately $247.6 million to common stockholders through dividends. (Microchip Q2 fiscal 2027 release, Nov 5, 2026; Microchip Form 10-Q, Q2 fiscal 2027, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Microchip Technology gives a numeric outlook for the next quarter in its release. For the December quarter it expects net sales between down 3% and up 1% from the September quarter, or $1.573 to $1.638 billion, with GAAP diluted EPS of $0.47 to $0.50 and non-GAAP EPS of $0.87 to $0.95. (Microchip Q2 fiscal 2027 release, Nov 5, 2026)

Steve Sanghi said normal seasonality would be a 3% to 5% sequential decline in the December quarter, and that about $53 million of infrequent revenue items in the September quarter do not repeat. On that basis Microchip describes the midpoint as 5% to 7% better than normal seasonality. It expects non-GAAP gross margin of 64% to 65%. (Microchip Q2 fiscal 2027 release, Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover Microchip Technology, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Microchip Technology's own release and filings put weight on for Q2 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning MCHP is on is MCHP a buy or a sell?, what analysts expect next is on the MCHP forecast, and what the company does is on the Microchip Technology Incorporated (MCHP) stock page.

Every number on this page can be traced to a document Microchip Technology published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.