MCHP
AI Execution Plan
Microchip expands dsPIC33A DSC family for AI data center power and motor control; Spirit Electronics named authorized distributor for defense/aerospace; 9.1% surge on Everspin MRAM onshore partnership; some analysts cite reasons to sell amid weak fundamentals.
Neutral overall summary; RSI ~53 (neutral), MACD +1.80 (bullish); moving averages neutral; trading near upper range with positive momentum.
3-Month AI Outlook
Bullish; analysts consensus Buy/Overweight with avg price target $86-88 (15-18% upside). Benefits from AI/data center expansions, auto/industrial recovery, strong partnerships.
Option Chain
| Strike | Bid | Ask | IV % | Vol | OI | Time |
|---|---|---|---|---|---|---|
| $61.0 | 0.07 | 0.28 | 74.4% | 60 | 48 | 2026-04-14 15:25:00 |
| $62.0 | 0.13 | 0.28 | 71.8% | 2 | 51 | 2026-04-14 15:30:15 |
| $63.0 | 0.03 | 0.38 | 66.8% | 64 | 50 | 2026-04-14 15:35:17 |
| $64.0 | 0.03 | 0.47 | 64.7% | 59 | 59 | 2026-04-14 15:35:17 |
| $65.0 | 0.18 | 0.58 | 66.4% | 33 | 51 | 2026-04-14 15:35:17 |
| $66.0 | 0.32 | 0.58 | 64.0% | 31 | 56 | 2026-04-14 15:35:17 |
| $67.0 | 0.37 | 0.57 | 59.1% | 83 | 58 | 2026-04-14 15:34:47 |
| $68.0 | 0.48 | 0.72 | 58.0% | 21 | 143 | 2026-04-14 15:35:10 |
| $69.0 | 0.58 | 0.78 | 54.4% | 41 | 14 | 2026-04-14 15:35:17 |
| $70.0 | 0.78 | 1.03 | 54.3% | 21 | 76 | 2026-04-14 15:35:30 |
| $71.0 | 1.02 | 1.32 | 54.0% | 32 | 56 | 2026-04-14 15:35:17 |
| $72.0 | 1.27 | 1.67 | 53.3% | 14 | 67 | 2026-04-14 15:35:31 |
| $73.0 | 1.58 | 2.07 | 52.7% | 49 | 69 | 2026-04-14 15:35:26 |
| $74.0 | 1.93 | 2.22 | 48.6% | 30 | 9 | 2026-04-14 15:35:10 |
| $75.0 | 2.42 | 2.89 | 50.1% | 52 | 46 | 2026-04-14 15:35:21 |
| $76.0 | 2.99 | 3.28 | 48.3% | 23 | 42 | 2026-04-14 15:35:36 |
| $77.0 | 3.54 | 3.92 | 47.4% | 47 | 30 | 2026-04-14 15:35:34 |
| $78.0 | 4.22 | 4.67 | 47.8% | 19 | 17 | 2026-04-14 15:35:30 |
| $79.0 | 5.03 | 5.23 | 46.2% | 23 | 16 | 2026-04-14 15:34:17 |
| $80.0 | 5.12 | 7.53 | 56.9% | 36 | 45 | 2026-04-14 15:33:58 |
| $81.0 | 6.45 | 8.42 | 65.2% | 44 | 46 | 2026-04-14 15:35:37 |
| $82.0 | 7.21 | 9.19 | 64.1% | 25 | 15 | 2026-04-14 15:35:18 |
| $83.0 | 7.86 | 10.45 | 67.6% | 13 | 14 | 2026-04-14 15:31:43 |
| $84.0 | 8.58 | 11.68 | 71.6% | 7 | 7 | 2026-04-14 15:31:43 |
| $85.0 | 9.61 | 12.22 | 68.7% | 6 | 2 | 2026-04-14 15:31:14 |
| $90.0 | 13.58 | 17.63 | 73.4% | 8 | 8 | 2026-04-14 15:33:53 |
| $95.0 | 18.78 | 22.28 | 83.9% | 7 | 7 | 2026-04-14 15:31:43 |
| Strike | Bid | Ask | IV % | Vol | OI | Time |
|---|---|---|---|---|---|---|
| $66.0 | 8.37 | 9.78 | 63.5% | 31 | 24 | 2026-04-14 15:35:15 |
| $68.0 | 5.73 | 7.84 | 38.7% | 44 | 52 | 2026-04-14 15:33:55 |
| $69.0 | 5.78 | 6.86 | 54.4% | 15 | 21 | 2026-04-14 15:33:56 |
| $70.0 | 4.96 | 6.21 | 55.4% | 89 | 105 | 2026-04-14 15:35:30 |
| $71.0 | 4.72 | 5.24 | 58.1% | 42 | 83 | 2026-04-14 15:34:23 |
| $72.0 | 3.94 | 4.37 | 54.3% | 21 | 86 | 2026-04-14 15:35:10 |
| $73.0 | 3.27 | 3.73 | 53.3% | 19 | 75 | 2026-04-14 15:35:34 |
| $74.0 | 2.82 | 3.12 | 53.8% | 6 | 47 | 2026-04-14 15:35:26 |
| $75.0 | 2.22 | 2.77 | 54.1% | 5 | 7 | 2026-04-14 15:34:53 |
| $76.0 | 1.73 | 1.98 | 49.8% | 16 | 20 | 2026-04-14 15:35:36 |
| $77.0 | 1.37 | 1.57 | 49.4% | 32 | 45 | 2026-04-14 15:35:19 |
| $78.0 | 1.02 | 1.27 | 49.0% | 31 | 51 | 2026-04-14 15:35:36 |
| $79.0 | 0.82 | 1.12 | 51.0% | 35 | 36 | 2026-04-14 15:35:36 |
| $80.0 | 0.62 | 0.78 | 49.5% | 41 | 45 | 2026-04-14 15:35:36 |
| $81.0 | 0.33 | 0.78 | 50.2% | 40 | 56 | 2026-04-14 15:35:17 |
| $82.0 | 0.32 | 0.73 | 53.9% | 52 | 60 | 2026-04-14 15:35:29 |
| $83.0 | 0.03 | 0.48 | 47.6% | 25 | 15 | 2026-04-14 15:35:17 |
| $84.0 | 0.03 | 0.77 | 58.0% | 8 | 7 | 2026-04-14 15:31:14 |
| $85.0 | 0.07 | 0.77 | 62.9% | 8 | 7 | 2026-04-14 15:34:54 |
Earnings History: MCHP
Microchip Technology Reports Q2 Fiscal 2026 Financial Results
Nov 6, 2025In the second quarter of fiscal year 2026, Microchip Technology reported net sales of $1.140 billion, which reflects a 6.0% increase from the previous quarter but a 2.0% decline from the same quarter last year. The company achieved a GAAP net income of $13.9 million, translating to earnings per share (EPS) of $0.03. In contrast, the non-GAAP net income was significantly higher at $199.1 million, with an EPS of $0.35. Additionally, Microchip returned approximately $245.8 million to its common stockholders in the form of dividends during the September quarter. The company declared a quarterly dividend of 45.5 cents per share, payable on December 9, 2025. On the product front, Microchip introduced the industry’s first 3nm PCIe Gen 6 switch aimed at AI and enterprise data center applications, highlighting its commitment to innovation and technological leadership. Looking ahead, Microchip anticipates net sales for the upcoming third quarter to be between $1.109 billion and $1.149 billion, demonstrating confidence in its strategic positioning despite typical seasonal trends. The company also reported a significant increase in bookings, growing by 10% sequentially, which reflects a favorable outlook for business momentum.
Microchip Technology Reports First Quarter Results for Fiscal Year 2026
Aug 7, 2025For the quarter ended June 30, 2025, Microchip Technology reported net sales of $1.0755 billion, reflecting a 10.8% increase sequentially, but a 13.4% decline compared to the same quarter last year. The company experienced a GAAP net loss attributable to common stockholders of $46.4 million, translating to a loss of $0.09 per diluted share. Non-GAAP results showed a net income of $154.7 million, or $0.27 per diluted share. Additionally, Microchip returned approximately $245.5 million to shareholders through dividends during the quarter. The Board of Directors declared a quarterly cash dividend of 45.5 cents per share, payable on September 5, 2025. The company successfully reduced its inventory by $124.4 million, improving its working capital efficiency. Inventory days on the balance sheet decreased to 214 days, and distribution inventory days were reduced to 29 days. Looking forward, Microchip expects net sales for the September quarter to be approximately $1.130 billion, plus or minus $20 million, indicating a projected sequential growth of about 5.1%. The company anticipates continued improvements in demand conditions and operational leverage supporting sustained growth.
Strategy Overview
Jason Wheel is a systematic, AI‑enhanced trading framework built on probability theory and volatility‑based edge extraction. Designed for the US options market, the system focuses on constructing high‑probability Credit Spread strategies that capture Theta decay while maintaining strict quantitative risk controls to mitigate tail events and support long‑term, stable capital growth.
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Connect with Jason
- Substack: jasonwheel.substack.com
- Email: [email protected]