Microchip Technology exceeded Wall Street estimates for both earnings per share and revenue in its fiscal second quarter. Adjusted EPS rose 177% year over year, while sales increased 42%, reflecting operating leverage. In the preceding quarter, released on November 6, 2025, net sales were $1.140 billion, down 2% year over year, and non-GAAP EPS reached $0.35. Bookings increased 10% sequentially, with a book-to-bill ratio of 1.06, and the company launched what it described as the industry’s first 3nm PCIe Gen 6 switch for AI and data center applications. Management then forecast third-quarter revenue of about $1.129 billion, down 1% sequentially, and non-GAAP EPS of $0.34 to $0.40.
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