MCHP: Microchip Technology

_Created 2026-11-05 15:00 ET from report. Screening/research, not investment advice._

Business

Analog / microcontroller semiconductors (MCU, analog, FPGA adjacency). TRAI sector: Semis. Cluster 1 (24 names, avg ρ 0.591 asOf 2026-11-04) with NVDA, AMD, AMAT, LRCX, KLAC, ETN, GEV, VRT, ON, TXN, ADI, …. Highest ρ examples: ON 0.82, TXN 0.81 (/api/correlations).

Catalysts, guidance & news

• Q2 FY27 results call: Thu 2026-11-05 5:00 PM ET (live webcast; replay through 2026-12-03 5:00 PM ET) (Microchip IR calendar [V-P]).
• Consensus figures cited by MarketBeat (~$0.94 EPS / ~$1.61B rev) are secondary — not verified against a primary tape this hour.
• 2026-11-05 pre-print weakness (Yahoo unofficial, ~15:08 ET parent read): last ≈ 66.36 vs chartPreviousClose 77.90 ≈ −14.8%; vs TRAI 11-04 close 75.34 ≈ −12%. Yahoo daily: 11-05 O 74.58 / L 65.25 / last ~66.2. No company news found before the call that explains the same-day slide — treat cause as [UNV] (sector / positioning / print risk).

TRAI data

• Next: 2026-11-05 AMC, gapRisk imminent. Last 4: avg |gap| 5.70% (1.26 ATR), max 9.40%, fill 25%, continuation 25%, avg day-1 in gap dir −0.96% (/api/events, asOf 2026-11-05).
• 11-04 universe row: close 75.34 (−3.29%), indicatedGapPct −1.61%, no signal.

Report links

• 2026-11-05 15:00: APP print day 2, tonight AMC MCHP/NET/TEAM
• Earlier cluster context: 2026-10-30 11:00 semis rout; 2026-11-02 16:00 ON AH

2026-11-05 17:00 EST — beat with nonrepeat revenue and sequential guide decline

• Issuer FQ2 FY27 release, Nov 5 4:15 PM EST [V-P]: revenue $1,621.5M (+42.2% YoY / +9.2% QoQ) versus prior guide midpoint $1.604B; GAAP EPS $0.68, non-GAAP $0.97 versus guide $0.91–0.95. Non-GAAP GM 66.5%, operating margin 39.5%.
• Q3 revenue $1.573–1.638B (midpoint about −1% QoQ), EPS $0.87–0.95, GM 64–65%. About $53M infrequent Q2 sales do not recur in Q3. Book-to-bill well above one / 24 PCIe Gen6 design wins are management claims, not independently verified sell-through.
• Nov 5 cash close $64.85 (−13.92%); Yahoo 5:05 PM EST AH bar $61.75 (−4.78% vs cash close). Preliminary/non-executable; no consensus-guide miss or causal explanation asserted.
• Latest 4:49:57 PM EST run: suspended SM, residualZ −2.88, relVol 3.55. Suspension remains; beat or negative AH does not authorize shorts/fades. ON/TXN rho 0.82/0.81 are prior-session exposure context, not signed peer forecasts. n=4 event history is descriptive only. 17:00 report

2026-11-06 10:00 update — day-1 after soft sequential guide

• Still SM suspended residual (8:58 residZ −2.88, indGap +1.02%). Yahoo day-1 ~−10.3% to −12.7% vs Thu close 64.85 (move largely already in Thu −13.9% bar + soft AH).
• Issuer Q3 guide midpoint ~−1% QoQ with ~$53M non-recurring Q2 sales (prior [V-P] KB). No SM reactivation; S-006 — do not MR-fade the earnings dislocation same day.
• Source: 2026-11-06 10:00 report.