Microchip Technology Rallies 11.7% after Q2 Revenue Beats Guidance with $1.185B
Microchip Technology's shares rallied 11.7% after pre-announcing December-quarter revenue of $1.185 billion, surpassing guidance of $1.109–$1.149 billion. CEO Steve Sanghi cited strong bookings and accelerating factory ramp plans, as broad-based industrial demand recovery and AI data-center buildout drive specialty chip orders.
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