BUZZ-Microchip Technology rises after upbeat data center revenue forecast

Microchip Technology Incorporated

Microchip Technology Incorporated

MCHP

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** Embedded chip maker Microchip Technology's MCHP.O shares rise 5.5% to $96.54 premarket

** Co expects 65% jump in data center solutions revenue in 2026 to roughly $500 million

** MCHP sees “continued acceleration” in demand, driven by data center and AI-related applications

** Last month, MCHP forecast Q1 revenue above estimates on strong chip demand

** Co says planned price increases across its product portfolio would not impact its current-quarter outlook

** As of last close, MCHP stock up 43.6% YTD


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