MCHP · PEAD ↓ 80

Microchip Technology reported Q2 FY2027 EPS of $0.85 on 2026-11-05, beating the $0.82 consensus by $0.03 (+3.7%); prior-year EPS comparison is not available in the current data feed.

Print-day reaction was a sharp −13.9% from the prior close, as the market looked through the modest EPS beat and punished the stock on what appears to be forward-looking concerns. The overnight gap to the T+1 open was essentially flat at +0.02%, offering no after-hours relief or further collapse. Over the following two trading sessions (T+1 through T+3), the stock drifted an additional −3.4% lower, confirming the initial sell-off rather than staging any mean-reversion. Cumulative abnormal return of −17.7% versus SPY.US places this firmly in PEAD short territory; per the documented drift pattern, the signal holds through 2027-02-02.