Microchip Technology (MCHP) Climbs 22.8% on Upbeat Outlook

Group 1: Microchip Technology Inc. Performance - Microchip Technology Inc. (NASDAQ:MCHP) experienced a significant stock increase of 22.8 percent week-on-week, driven by a positive growth outlook for Q3 of fiscal year 2026, ending December 31 [1] - The company revised its net sales expectations to the higher end of its guidance, projecting sales between $1.109 billion and $1.149 billion, which indicates an implied year-on-year growth of 12 percent [2] - CEO Steve Sanghi highlighted that the business is performing better than expected, with strong bookings activity and a growing backlog, while executing a nine-point recovery plan to improve margins and earnings per share [4] Group 2: SailPoint, Inc. Financial Outlook - SailPoint, Inc. (SAIL) is projected to achieve a GAAP EPS of $0.02, at the high end of its guidance range, while the non-GAAP EPS is expected to be $0.40, also at the upper range of its outlook [3]