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Microchip Technology Shares Surge 11% on Upbeat Q3 Guidance and New Product Launch.
ByAinvest
Wednesday, Dec 3, 2025 5:06 pm ET1min read
Microchip Technology shares jumped 11% after the company raised its Q3 financial guidance, citing stronger-than-expected business performance, bookings, and backlog. The revised outlook represents a 12% YoY growth in revenue, and the company expects non-GAAP earnings per share to be $0.40, surpassing prior estimates. The CEO stated that business is performing better than expected, with booking activity remaining strong. The shares closed at $63.61, up 12.2% from the previous close.
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