
Microchip Technology (MCHP) Stock Forecast & Price Target
Microchip Technology (MCHP) Analyst Ratings
Bulls say
Microchip Technology has demonstrated robust operational performance, with a notable increase in bookings and a strengthened backlog leading into fiscal Q4 2026, indicating a positive sales trajectory across various end markets. The company expects sequential revenue growth of approximately 4% in fiscal Q3 2026, driven by improvements in factory utilization and a broad-based recovery in customer demand, including significant advancements in inventory correction. Additionally, Microchip is positioned to gain market share in the 32-bit MCU segment while also focusing on deleveraging its balance sheet, further bolstering its financial stability and growth potential.
Bears say
The financial outlook for Microchip Technology is negatively impacted by several critical factors, including a deteriorating macroeconomic environment that risks revenue deceleration and gross margin pressures. The company faces potential share losses in the 32-bit MCU market, compounded by anticipated sequential declines in the auto and industrial sectors, thereby affecting overall demand stability. Additionally, if volume expectations are not met, excess inventory and lower fab utilization rates could further strain gross margins, jeopardizing the company's ability to execute its growth strategies effectively.
This aggregate rating is based on analysts' research of Microchip Technology and is not a guaranteed prediction by Public.com or investment advice.
Microchip Technology (MCHP) Analyst Forecast & Price Prediction
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