Microchip FY27 Q1 GAAP EPS swings to USD 0.37; net sales rise 38% year over year to USD 1.49 billion
MCHP•Q2 outlook
- For Q2, net sales are forecast at $1.59 billion to $1.62 billion; GAAP EPS is seen at $0.53 to $0.54.
Q1 fiscal 2027 results
- Microchip posted Q1 fiscal 2027 net sales of $1.49 billion, up 38% year over year and 13.2% sequentially.
- GAAP net income attributable to common stockholders returned to profit at $202 million, or $0.37 per diluted share.
- Non-GAAP net income rose to $438.6 million, or $0.76 per diluted share; non-GAAP operating margin expanded to 35.1%.
- Inventory days fell to 175 from 185 sequentially; PCIe Gen6 connectivity design wins more than doubled sequentially to 12 programs.
