Microchip (MCHP) Climbs 12% on Higher Growth Outlook

We recently published 10 Stocks Stealing Market Spotlight. Microchip Technology Inc. (NASDAQ:MCHP) is one of the best performers on Wednesday. Microchip soared by 12.17 percent on Wednesday to finish at $63.61 apiece after raising its financial growth outlook for the third quarter of fiscal year 2026 ending December 31. In an updated report, Microchip Technology Inc. (NASDAQ:MCHP) said it now expects net sales and diluted earnings per share to be at the high end of its prior guidance of $1.109 billion to ...