49/100BMicrochip Technology stock forecast 2027–2031What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Microchip Technology is 100.60, 72.4% above the current price of 58.35. Their targets range from 88.00 to 120.00.
Of the 21 firms that rated Microchip Technology in the past 12 months, 15 rate it buy or strong buy, 6 hold and 0 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 88.00 to 120.00, with an average of 100.60.
| Buy | 15 | |
| Hold | 6 | |
| Sell | 0 |
12-month price target
| Highest target | 120.00 |
| Average target | 100.60 |
| Lowest target | 88.00 |
| Current price | 58.35 |
Microchip Technology price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Microchip Technology price target and rating?
How analysts rate Microchip Technology, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
15 of 21 firms rate it buy now, against 13 of 18 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Microchip Technology analyst upgrades, downgrades and price targets
The latest rating change came on 16 December 2025, when Cantor Fitzgerald upgraded Microchip Technology from Neutral to Overweight. Its price target is 85.00, from 65.00. The most recent new target came from Truist Financial on 7 August 2026: 90.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 7 Aug 2026 | Truist Financial | Reiterated · Hold | 105.00 → 90.00 | -14.3% | 84.81 |
| 7 Aug 2026 | UBS | Reiterated · Buy | 130.00 → 120.00 | -7.7% | 74.36 |
| 7 Aug 2026 | Jefferies | — | 120.00 → 100.00 | -16.7% | 74.36 |
| 20 Jul 2026 | Wells Fargo Joe Quatrochi | Reiterated · Equal Weight | 88.00 | — | 80.96 |
| 11 May 2026 | Barclays Tom O'Malley | Reiterated · Equal Weight | 80.00 → 105.00 | +31.3% | 99.09 |
| 8 May 2026 | UBS | Reiterated · Buy | 95.00 → 130.00 | +36.8% | 97.97 |
| 8 May 2026 | Needham Quinn Bolton | Reiterated · Buy | 84.00 → 120.00 | +42.9% | 98.64 |
| 8 May 2026 | Susquehanna | Reiterated · Positive | 90.00 → 120.00 | +33.3% | 99.59 |
| 8 May 2026 | Truist Financial William Stein | Reiterated · Hold | 69.00 → 105.00 | +52.2% | 98.70 |
| 8 May 2026 | Morgan Stanley | — | 69.00 → 94.00 | +36.2% | 99.60 |
| 8 May 2026 | Raymond James Melissa Fairbanks | — | 75.00 → 125.00 | +66.7% | 99.58 |
| 8 May 2026 | Evercore ISI Mark Lipacis | Reiterated · Outperform | 93.00 → 117.00 | +25.8% | 101.14 |
| 8 May 2026 | Mizuho Securities | — | 90.00 → 112.00 | +24.4% | 101.58 |
| 8 May 2026 | KeyBanc | — | 85.00 → 135.00 | +58.8% | 101.58 |
| 8 May 2026 | Jefferies | — | 120.00 | — | 101.58 |
| 12 Feb 2026 | Barclays Tom O'Malley | — | 80.00 | — | 80.75 |
| 10 Feb 2026 | Truist Financial | — | 68.00 → 69.00 | +1.5% | 76.86 |
| 6 Feb 2026 | Stifel Nicolaus Tore Svanberg | — | 80.00 → 90.00 | +12.5% | 75.59 |
| 6 Feb 2026 | Cantor Fitzgerald Matthew Prisco | Reiterated · Overweight | 85.00 → 100.00 | +17.6% | 75.54 |
| 6 Feb 2026 | Truist Financial | Reiterated · Hold | 60.00 → 68.00 | +13.3% | 75.29 |
| 6 Feb 2026 | KeyBanc John Vinh | — | 85.00 | — | 75.96 |
| 6 Feb 2026 | Evercore ISI Mark Lipacis | — | 83.00 → 93.00 | +12.0% | 74.21 |
| 6 Feb 2026 | Mizuho Securities | Reiterated · Outperform | 83.00 → 90.00 | +8.4% | 78.04 |
| 6 Feb 2026 | Needham | Reiterated · Buy | 75.00 → 84.00 | +12.0% | 78.04 |
| 2 Feb 2026 | Industrial Alliance Securities | — | 100.00 | — | 77.12 |
| 26 Jan 2026 | UBS | Reiterated · Buy | 78.00 → 95.00 | +21.8% | 74.70 |
| 22 Jan 2026 | Susquehanna | Reiterated · Positive | 90.00 | — | 74.91 |
| 22 Jan 2026 | BNP Paribas David O'Connor | — | 90.00 | — | 76.20 |
| 21 Jan 2026 | UBS | — | 78.00 | — | 75.51 |
| 15 Jan 2026 | Piper Sandler | Reiterated · Overweight | 85.00 | — | 74.68 |
| 9 Jan 2026 | Mizuho Securities | Reiterated · Outperform | 80.00 → 83.00 | +3.8% | 74.07 |
| 7 Jan 2026 | Morgan Stanley | — | 68.00 → 69.00 | +1.5% | 74.87 |
| 6 Jan 2026 | Stifel Nicolaus Tore Svanberg | Reiterated · Buy | 80.00 | — | 67.06 |
| 6 Jan 2026 | Wolfe Research | — | 85.00 | — | 67.06 |
| 16 Dec 2025 | Mizuho Securities Vijay Rakesh | — | 68.00 → 80.00 | +17.6% | 67.20 |
| 16 Dec 2025 | Cantor Fitzgerald CJ Muse | Upgraded · Neutral → Overweight | 65.00 → 85.00 | +30.8% | 67.20 |
| 4 Dec 2025 | Needham | Reiterated · Buy | 77.00 → 75.00 | -2.6% | 63.99 |
| 9 Nov 2025 | Truist Financial William Stein | — | 43.00 → 60.00 | +39.5% | 56.28 |
Microchip Technology EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Microchip Technology's EPS to grow 171.9% a year until 2029. Over the last 5 years it fell 16.7% a year, and over the last 3 years it fell 59.9%.
Analysts expect Microchip Technology's revenue to grow 20.4% a year until 2029. Over the last 5 years it fell 2.8% a year, and over the last 3 years it fell 17.6%.
Revenue
EPS
Does Microchip Technology beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 7.6% off the result, either way, and their revenue estimate 1.1%, over the last 12 quarters.
- EPS beats
- 78 / 123
- Revenue beats
- 77 / 112
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +2.9%
- Since
- April 1994
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q2 FY2027 | 5 Nov 2026 | 0.94 | 0.97 | +3.6% | 1.61B | 1.62B | +0.8% |
| Q1 FY2027 | 6 Aug 2026 | 0.70 | 0.76 | +8.6% | 1.46B | 1.48B | +1.8% |
| Q4 FY2026 | 7 May 2026 | 0.51 | 0.57 | +12.9% | 1.26B | 1.31B | +3.8% |
| Q3 FY2026 | 5 Feb 2026 | 0.43 | 0.44 | +2.7% | 1.18B | 1.19B | +0.2% |
| Q2 FY2026 | 6 Nov 2025 | 0.33 | 0.35 | +5.9% | 1.13B | 1.14B | +0.7% |
| Q1 FY2026 | 7 Aug 2025 | 0.24 | 0.27 | +13.0% | 1.06B | 1.08B | +1.7% |
| Q4 FY2025 | 8 May 2025 | 0.10 | 0.11 | +5.1% | 962.58M | 970.50M | +0.8% |
| Q3 FY2025 | 6 Feb 2025 | 0.28 | 0.20 | -27.9% | 1.05B | 1.03B | -1.9% |
| Q2 FY2025 | 5 Nov 2024 | 0.43 | 0.46 | +5.9% | 1.15B | 1.16B | +1.0% |
| Q1 FY2025 | 1 Aug 2024 | 0.52 | 0.53 | +1.7% | 1.24B | 1.24B | -0.0% |
| Q4 FY2024 | 6 May 2024 | 0.57 | 0.57 | -0.3% | 1.33B | 1.33B | -0.1% |
| Q3 FY2024 | 1 Feb 2024 | 1.04 | 1.08 | +3.8% | 1.77B | 1.77B | -0.4% |
Microchip Technology stock price 2027–2031: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Microchip Technology's earnings grow at the 47.5% a year analysts expect to FY2029, then 15.0% a year, it would earn about 6.91 a share in FY2031. At the P/E it has traded at over the last five years (20.6 to 32.2) that is 142.31 to 222.95 a share, or 180.50 at its average P/E of 26.1. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2027 | 3.65 | 75.17 | 95.34 | 117.76 |
| FY2028 | 4.59 | 94.50 | 119.86 | 148.05 |
| FY2029 | 5.23 | 107.61 | 136.48 | 168.58 |
| FY2030 (extrapolated) | 6.01 | 123.75 | 156.96 | 193.87 |
| FY2031 (extrapolated) | 6.91 | 142.31 | 180.50 | 222.95 |
Each year's EPS is the analysts' consensus to FY2029; the years after grow 15.0% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (20.6, 26.1, 32.2).
Is Microchip Technology stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Microchip Technology's P/E of 90.5 is near the top of its 5-year range (16.0 to 250,833.3, median 27.9). Analysts expect faster growth than in recent years, which can explain part of the high P/E. Fair value is not a reliable guide for Microchip Technology: it made a loss in FY2025, so its usual P/E says little about what it is worth. Its forward P/E, on the consensus for FY2027, is 16.0.
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 90.50
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 27.89
- Five-year P/E range
- 16.0 – 250,833.3
- Forward P/E (FY2027)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 15.98
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 1.91
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +72.4%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 99.090 | 194.93146Price 99.09244 | +96.7% | |
| 42.225 | 82.9546Price 42.23165 | +96.4% | |
| 186.680 | 360.82271Price 186.68451 | +93.3% | |
| 213.670 | 405.57304Price 213.67507 | +89.8% | |
| 161.160 | 305.51157Price 161.16396 | +89.6% | |
| 160.650 | 300.09225Price 160.65375 | +86.8% | |
| 165.860 | 308.95212Price 165.86442 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.