Microchip Technology Incorporated has updated its financial guidance for the first quarter of fiscal year 2026, ending June 30, 2025. The company now expects consolidated net sales for the June quarter to be between $1.045 billion and $1.070 billion.
This revised guidance represents an increase from the previously provided range of $1.02 billion to $1.07 billion. The upward adjustment signals an anticipated improved performance and a faster-than-expected recovery in demand for its automotive chips after a prolonged industry slump.
The positive revision in sales forecast indicates that chip inventories, which were stockpiled during the pandemic, are now gradually being cleared, leading to a healthier demand environment. This development is a strong indicator of a turnaround in the company's financial trajectory.
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