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Microchip Technology (MCHP) stock jumped Friday after delivering a beat-and-raise earnings report, leading the Philadelphia semiconductor index (SOX) higher.
svmuu.com07/08/2026 13:12
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Microchip Technology (MCHP) stock jumped Friday after delivering a beat-and-raise earnings report, leading the Philadelphia semiconductor index (SOX) higher. The Chandler, Ariz.-based chipmaker reported adjusted earnings of 76 cents per share on sales of $1.48 billion for its fiscal first quarter ended June 30, surpassing analyst expectations.
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