Microchip Customers Still Holding Back On Chip Orders, Rebound Coming In 2026 Says Analyst

Microchip Technology Inc. (NASDAQ:MCHP) posted upbeat third-quarter results, signaling improving demand despite ongoing customer caution on inventory restocking. The company's backlog and steady booking growth point to renewed momentum in early 2026.JP Morgan analyst Harlan Sur maintained an Overweight rating on Microchip with a price forecast of $77.Also Read: Microchip Technology Analysts Increase Their Forecasts After Better-Than-Expected Q1 ResultsSur said Microchip delivered a solid September quarter, ...