Key facts
- Microchip Technology Inc. projects $500 million in data center solutions revenue for FY26.
- The company's shares increased following the announcement.
- Morgan Stanley has expressed a positive outlook on Microchip Technology, citing the data center development.
Microchip Technology Inc. announced its fiscal year 2026 revenue outlook for data center solutions, projecting $500 million. This announcement was followed by an increase in the company's stock price. Morgan Stanley has expressed a positive view on the company, specifically referencing the data center development as a key factor.