Microchip Technology Incorporated (MCHP) Presents at Citi's 2026 Global TMT Conference Transcript

SA Transcripts 162.15K Followers Follow Microchip Technology Incorporated ( MCHP ) Citi's 2026 Global TMT Conference September 9, 2026 3:15 PM EDT Company Participants J. Bjornholt - Senior Corporate Vice President & CFO Conference Call Participants Atif Malik - Citigroup Inc., Research Division Presentation Atif Malik Citigroup Inc., Research Division Good afternoon, everyone. Welcome to day 2 of Citi Global TMT Conference. My name is Atif Malik. I cover U.S. semiconductors and semiconductor equipment stocks. It's my pleasure to welcome Eric Bjornholt, Senior Vice President, Chief Financial Officer at Microchip. I'll kick it off with my fireside questions. If you have a question, save it towards the end, or we'll send the mic to you and you can ask your questions. Welcome, Eric. J. Bjornholt Senior Corporate Vice President & CFO Yes. Thank you for having me. Hi, everybody. Question-and-Answer Session Atif Malik Citigroup Inc., Research Division Eric, I'll have to start with the customary, kind of, cycle question. Microchip has now delivered roughly 6 consecutive quarters of above seasonal growth. One of your peers is talking about this above seasonal growth continuing into next year, that's ADI. And your guidance suggests a seventh consecutive quarter of above seasonal growth. So a question is really, where are we in this recovery cycle today? And what are you seeing in terms of traditional drivers like channel restocking and inventories? J. Bjornholt Senior Corporate Vice President & CFO Okay. So before I start, I will be making certain forward-looking statements as part of this discussion and refer you to our filings with the SEC that identify important risk factors about the company. So we've been in a period of growth for quite some time. If you look at where we're guiding the September quarter to at the midpoint, it's up 40% year-over-year. Obviously, during that time period, margin profile has changed significantly and doing quite well. But customer order