Microchip Technology Incorporated (MCHP)

Microchip Technology Stock Forecast

Stock Price Forecast

According to 26 analysts polled by S&P Global, Microchip Technology stock has a consensus rating of "Buy" and an average price target of $106.52. The average 1-year stock price forecast is 43.85% higher than the current stock price, while the lowest is $75 (+1.28%) and the highest is $135 (+82.31%).

Price Target: $106.52 (+43.85%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$75	$106.52	$108	$135
Change	+1.28%	+43.85%	+45.85%	+82.31%

Analyst Ratings

The average analyst rating for Microchip Technology stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart

Rating	May '26	Jun '26	Jul '26	Aug '26	Sep '26	Oct '26
Strong Buy	17	17	17	18	18	18
Buy	3	2	2	2	2	2
Hold	5	6	6	6	6	6
Sell	1	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	26	25	25	26	26	26

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Craig Ellis B. Riley Securities	B. Riley Securities	Buy Maintains $108 → $98	Buy	Maintains	$108 → $98	+32.34%	Oct 22, 2026
Joseph Quatrochi Wells Fargo	Wells Fargo	Hold Reiterates $88 → $80	Hold	Reiterates	$88 → $80	+8.04%	Oct 20, 2026
John Vinh KeyBanc	KeyBanc	Buy Maintains $135	Buy	Maintains	$135	+82.31%	Oct 15, 2026
Joseph Moore Morgan Stanley	Morgan Stanley	Hold Reiterates $103	Hold	Reiterates	$103	+39.10%	Sep 18, 2026
Harsh Kumar BMO Capital	BMO Capital	Buy Initiates $95	Buy	Initiates	$95	+28.29%	Aug 20, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

6.40B

Increased by 35.88%

from 4.71B

Revenue Next Year

7.45B

Increased by 16.34%

from 6.40B

EPS This Year

3.66

Increased by 122.91%

from 1.64

EPS Next Year

4.60

Increased by 25.81%

from 3.66

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	6.82B	8.44B	7.63B	4.40B	4.71B	6.40B
Revenue Growth	25.42%	23.72%	-9.53%	-42.35%	7.08%	35.88%
Gross Profit	4.45B	5.70B	5.00B	2.47B	2.72B	4.21B
Gross Margin	65.23%	67.52%	65.44%	56.07%	57.73%	65.76%
Operating Income	1.88B	3.11B	2.56B	375.50M	529.80M	2.45B
Net Income	1.29B	2.24B	1.91B	-500.00K	230.00M	1.21B
EPS	-	-	-	-	1.64	3.66
EPS Growth	-	-	-	-	25.19%	122.91%
Forward PE	14.62	13.26	33.38	54.22	26.55	20.26
Dividend / Share	0.91	1.26	1.68	1.82	1.82	1.87
Dividend Growth	21.82%	38.79%	33.18%	7.97%	0.22%	2.98%
Free Cash Flow	-	-	-	-	871.00M	1.93B
No. Analysts	-	-	-	-	-	24

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2027	2028	2029
High	6.6B
Avg	6.4B
Low	6.3B

Revenue Growth

Chart

Revenue Growth	2027	2028	2029
High	40.7%
Avg	35.9%
Low	32.9%

EPS Forecast

Chart

EPS	2027	2028	2029
High	3.89
Avg	3.66
Low	3.50

EPS Growth

Chart

EPS Growth	2027	2028	2029
High	137.2%
Avg	122.9%
Low	113.4%

Data Sources: S&P Global Market Intelligence and TipRanks Last updated: Oct 22, 2026

Price targets, consensus ratings and financial forecasts are provided by S&P Global Market Intelligence. Individual analyst data is provided by TipRanks. Price targets and consensus ratings update every hour to every three days, while individual analyst data updates in near real-time.

Last checked:

Oct 22, 2026

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