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Jun 1, 2026 8:00 PM

Microchip Technology Stock Climbs On Data Center Revenue Growth

Microchip Technology Inc. (NASDAQ:MCHP) shares climbed in Monday’s extended trading after the chipmaker dropped a closely-watched press release breaking out its Data Center Solutions Business Unit revenue for the first time with specificity, and the numbers are hard to ignore.

MCHP stock is climbing. See the chart and price action here.

Data Center Revenue to Grow 65%

The company disclosed that its Data Center Solutions Business Unit generated $302.7 million in revenue for calendar year 2025.

More important to investors: CEO Steve Sanghi said the unit is on pace to grow roughly 65% in calendar year 2026, implying approximately $500 million in annual revenue from the segment alone.

In the March 2026 quarter, ...