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May 8 (Reuters) - U.S. stock index futures rose on Friday as a recovery in chipmakers helped offset worries about renewed U.S.-Iran tensions, while investors looked ahead to a crucial employment

Microchip Technology (NASDAQ:MCHP) reported March-quarter results that exceeded its prior guidance and pointed to continued momentum heading into the June quarter, as management said demand is improving across end markets and distributor inventory appears to have normalized. Quarterly and full-year

In attendance with me today are Steve Sanghi, Microchip’s President and CEO; Richard J. Other than net sales, I will be referring to these results on a non-GAAP basis which is based on expenses prior to the effects of acquisition activities, share-based compensation and certain other adjustments as described in the earnings press release, and in the reconciliations on our website.

Morgan Stanley is leaning bullish on semiconductor stocks at a time when the sector is already on fire. The iShares Semiconductor ETF(SOXX) is up 51% this year, and instead of calling a top, the firm just raised price targets for names like IonQ (IONQ), Microchip (MCHP), and ...

Microchip Technology forecast first-quarter revenue above estimates on Thursday, betting on strong demand ‌for its chips used in industrial and automotive ‌sectors. Shares of the Chandler, Arizona-based company rose more than 2% in ​extended trading. The company has benefited from a cyclical recovery in key end-markets including industrial and automotive, as well as surging demand from artificial intelligence data centers.

MaxLinear (MXL) delivered earnings and revenue surprises of +22.22% and +1.59%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?

Microchip Technology is scheduled to post its fourth-quarter results soon, and analysts predict a triple-digit surge in the company’s bottom-line figure.