Microchip Technology stock jumps about 4% premarket after sales forecast boost
New York, Jan 6, 2026, 08:18 EST — Premarket Microchip Technology (MCHP) shares rose 4.1% to $69.82 in premarket trading on Tuesday, after the chipmaker lifted its quarterly sales outlook. The stock ended Monday at $67.06. MarketWatch Microchip late on Monday raised its expected fiscal third-quarter net sales to about $1.19 billion, topping its prior forecast range of $1.11 billion to $1.15 billion. The update followed signs of recovery across end markets as customers worked through excess chip stockpiles built during the pandemic, Reuters reported. Reuters Chief executive Steve Sanghi said bookings were “very strong” in the December quarter and