MCHP heads into Monday after earnings outlook and mixed analyst calls
New York, February 7, 2026, 20:23 (EST) — The market is now closed.
Microchip Technology Inc dropped 2.6% on Friday, finishing the session at $76.01. Investors took in the company’s updated guidance along with new analyst commentary. With U.S. markets closed for the weekend, the next move arrives when Nasdaq reopens on Monday.
Microchip’s microcontrollers and embedded chips wind up in everything from vehicles to industrial machinery to consumer gadgets. The company’s order trends serve as a read-through for the pace of the broader “old economy” chip downturn—whether it’s actually letting up, or simply catching its breath.
Another concern? Supply, rather than demand. Reuters said a worldwide memory…
