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0.000939975829193063 0.00174566939707278 0.00469719350073858 0.00510272592990479 0.00335705653283201 0.0053712904525313 0.0053712904525313 0.0053712904525313
Stock impact report

Why Microchip Technology Rallied Double-Digits Today [Yahoo! Finance]

Microchip Technology Incorporated (MCHP) 
Last microchip technology incorporated earnings: 2/4 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: microchip.com/investors
Company Research Source: Yahoo! Finance
The company is emerging from a near-three year downcycle, which spurred the company's longtime ex-CEO to return last year. A market recovery for specialty industrial chips and last year's restructuring could set Microchip up for even more success in 2026. 10 stocks we like better than Microchip Technology › Shares of Microchip Technology (NASDAQ: MCHP) rallied double digits on Tuesday, with the stock rising 10.1% as of 1:25 p.m. EDT. Microchip management pre-announced preliminary revenue estimates for its December quarter after market close yesterday, with the chipmaker's numbers coming in well ahead of management's initial guidance. Moreover, CEO Steve Sanghi had positive things to say about the March quarter as well. Microchip experienced a severe hangover following the "boom" of the pandemic. Microchip's products serve a wide variety of industrial businesses, including aerospace and defense, general industrial, automotive, communications, and data centers, among others. Show less Read more
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