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$MCHP's approx. 99% sales are U.S. dollar denominated. As of Sept. 30, 2015 $MCHP had no foreign currency forward contracts outstanding. There was an immaterial amount of net realized gains and losses on foreign currency forward contracts in both 2Q16 and 2Q15.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.