Microchip Technology(US:MCHP) Xin Lang Cai Jing·2026-01-06 13:12Core Viewpoint - Microchip Technology (MCHP) has raised its revenue forecast for Q3 of fiscal year 2026 due to a comprehensive recovery in end markets and strong order demand, resulting in a 4% increase in stock price during pre-market trading [1][4]. Group 1: Revenue Forecast - The company now expects Q3 fiscal year 2026 net sales to reach approximately $1.19 billion, up from the previous forecast range of $1.11 billion to $1.15 billion announced in November [1][4]. - This upward revision follows a significant reduction in chip inventory that had previously impacted demand during the pandemic [1][4]. Group 2: Order and Inventory Management - CEO Steve Sanghi noted that despite the holiday season in December, order conditions remained strong, with initial orders for the new quarter (March) significantly better than the previous year's December quarter [2][5]. - The company has substantially reduced internal inventory, which will help mitigate inventory impairment losses, and is preparing to increase factory capacity in the March quarter to address underutilization costs [2][5]. Group 3: Upcoming Financial Reporting - Microchip Technology plans to announce its Q3 fiscal year 2026 financial results on February 5 [3][6].