🟢 Semiconductor ETF (SOXX) is trading 1.8% up on August 7, 2026, after Microchip forecast topped estimates

SOXX is trading 1.8% up on August 7, 2026, after Microchip Technology’s quarterly revenue and earnings forecast exceeded consensus.

• Microchip projected revenue of $1.59-$1.62 billion versus the $1.55 billion estimate; adjusted EPS guidance also topped expectations.
• The outlook lifted semiconductor peers and confidence in industrial, automotive, connectivity, and AI-related chip demand.
• Weaker-than-expected July employment data lowered Treasury yields and strengthened expectations for a more accommodative Federal Reserve, supporting growth stocks.