Microchip Technology Projects 65% Growth in Data Center Business to $500 Million in 2026

MT Newswires Live05:11

Microchip Technology (MCHP) has projected its Data Center Solutions Business Unit will grow approximately 65% in calendar year 2026 to roughly $500 million, the company said Monday.

The unit, which makes products exclusively for data centers including storage controllers, PCIe switches, and memory controllers, posted 62.9% year-over-year revenue growth in the March 2026 quarter.

The company's broader data center and compute end market, which includes general-purpose catalog products, represents approximately 18% of total revenue, the company said.

Microchip also said it will implement selective price increases across its product portfolio due to broad-based input cost pressures, adding the increases will have no impact on guidance or results for the fiscal quarter ending June 30, 2026.

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