Microchip Q2 FY2026 rev $1.14B (+6% QoQ); GAAP EPS $0.03, non-GAAP $0.35; guides Q3 ~$1.129B

MICROCHIP TECHNOLOGY INC

2026-Q2 EPS reported -$0.06 revenue$2,215,900,000

Net sales $1.140B (up 6% QoQ, down 2% YoY) beat guidance midpoint; GAAP EPS $0.03 vs guided loss; non-GAAP EPS $0.35 in range.
Book-to-bill 1.06; bookings up 10% QoQ; customer expedite requests increased significantly indicating inventory normalization.
Quarterly dividend $0.455/share declared; returned $245.8M to stockholders in Q2.
Introduced industry's first 3nm PCIe Gen 6 switch for AI and enterprise data center connectivity.
Guides Q3 net sales $1.129B +/- $20M; typical December seasonality but encouraging leading indicators.

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