- Prev close
- $64.85
- Day range
- $54.83 – $65.31
MCHP’s 2026-11-06 close fell -10.0% on a weak guide after a strong quarter, while the broader tape was firmer; the move looks stock-specific and worth a closer look, but the underlying growth and margins are still intact.
MCHP
MICROCHIP TECHNOLOGY INC
As of Nov 7, 2026
52/100
Worth keeping an eye onHealth ScoreWhy it moved
MCHP fell -10.0% on 2026-11-06 while the S&P 500 rose +0.3% and the Nasdaq 100 rose +1.4%, so the move was not driven by the broad market. The most direct catalyst in the facts is company-specific: revenue for the latest quarter was up 10.0% year on year to $1.62 billion, but next quarter’s revenue guidance of $1.61 billion came in 1.4% below analysts’ consensus estimates. That combination points to a stock-specific reaction to guidance, not a market-wide selloff.
Is this normal volatility
This looks more like an earnings-driven reset than routine noise. The business still shows revenue growth of +20.9% YoY (TTM) and +38.0% YoY in the latest quarter, with TTM gross margin at +60.2%, operating margin at +15.5%, and net margin at +9.3%. But the valuation is demanding: PE 73.6, forward PE 18.7, PEG 2.53, and beta 1.90. A PEG of 2.53 — the P/E divided by the growth rate, so investors are paying 2.53× the growth rate — says strong growth is already priced in, which can make the stock react sharply when guidance lands below consensus.
Earnings preview
The facts do not provide a next earnings date this period, so I cannot place the upcoming report on a calendar. What is visible from the latest print is the setup the market will keep testing: revenue of $1.622 billion, up 10.0% from the year-ago quarter and 9.2% sequentially, GAAP gross profit of 65.9%, operating income of $464.5 million and 28.6% of net sales, and EPS of $0.68 per diluted share. The key questions remain whether demand can sustain that pace, whether guidance can clear consensus after the recent 1.4% miss on next-quarter revenue, and whether margins can hold near the current 65.9% gross-profit level after the step-up in sales.
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