Microchip stock leaps on upbeat sales update as traders eye Feb. 5 results
New York, Jan 6, 2026, 21:27 EST — Market closed Microchip Technology shares closed up 11.6% at $74.87 on Tuesday, after the company lifted its quarterly sales outlook and struck a more upbeat tone on demand. Yahoo Finance The move matters because Microchip is closely tied to industrial and automotive demand, where customers have spent months working down chip stockpiles instead of placing new orders. A shift there can change expectations for a broad slice of the analog and microcontroller supply chain. The update also lifted sentiment across analog semiconductors, with shares of Texas Instruments and NXP Semiconductors rising in