MCHP · PEAD ↑ 41

Microchip Technology reported Q1 FY2027 EPS of $0.61 on 2026-08-06, beating the $0.59 consensus by $0.02 (+3.4%); no prior-year comparable is available in our feed.

Print-day reaction was -4.4% versus the prior close, as the market sold into the beat on earnings day itself. The overnight gap to the T+1 open then reversed sharply, adding +9.4% and signalling an abrupt change in sentiment after hours. Over the following two trading days (T+1 close through T+3 close) the drift pulled back -4.3%, giving up a portion of the gap recovery. Cumulative abnormal return of +4.1% versus SPY.US clears the +3% long threshold; per the documented PEAD pattern, the read holds through 2026-11-03.