Friday, 7 August, 2026
Rebound Mode: Microchip Tech Beats Estimates on Surging Chip Demand
By TechShots Studio
Microchip Technology forecast second-quarter revenue between $1.59 billion and $1.62 billion, beating Wall Street estimates of $1.55 billion. The chipmaker is capitalizing on a cyclical rebound across industrial and automotive sectors, alongside surging demand for high-speed connectivity chips used in AI data centers, aerospace, and defense applications. Adjusted profit is expected to reach 91 to 95 cents per share, topping market forecasts.
Read full story at REUTERS