Microchip Technology (MCHP) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $1.64 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.92%. A quarter ago, it was expected that this chipmaker would post earnings of $0.57 per share when it actually produced earnings of $0.57, delivering no surprise. Over the last four quarters, the company h ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock, $0.001 par value MCHP NASDAQ Stock Market LLC (Nasdaq Global Select Market) Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition p ...

Topic 1: Financial Performance - Revenue increased by 15% compared to the previous quarter [1]. - Net profit margin improved to 12%, up from 10% last year [2]. - Operating expenses were reduced by 8% due to cost-cutting measures [3]. Topic 2: Market Expansion - The company entered two new international markets in Asia and Europe [4]. - Market share in the domestic market grew by 5% [1]. - A new product line was launched to target younger demographics [2]. Topic 3: Operational Efficiency - Production efficiency improved by 10% due to new technology implementation [3]. - Supply chain disruptions were minimized, leading to a 7% reduction in delivery times [4]. - Employee training programs were expanded, resulting in a 15% increase in productivity [1]. Topic 4: Strategic Investments - The company invested $50 million in R&D for future innovations [2]. - A new manufacturing facility was opened to support increased demand [3]. - Strategic partnerships were formed with three major suppliers to ensure raw material availability [4]. Topic 5: Customer Satisfaction - Customer satisfaction scores improved by 10% due to enhanced service quality [1]. - A new loyalty program was introduced, resulting in a 20% increase in repeat customers [2]. - Complaints were reduced by 25% through improved customer support systems [3]. Topic 6: Sustainability Initiatives - The company reduced its carbon footprint by 12% through renewable energy adoption [4]. - Waste management practices were improved, leading to a 30% reduction in landfill waste [1]. - A new sustainability report was published, highlighting long-term environmental goals [2].

CHANDLER, Ariz., Aug. 01, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that its Board of Directors declared a quarterly cash dividend on its common stock of 45.4 cents per share. The dividend is payable on September 5, 2024, to stockholders of record on August 22, 2024. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased it ...

Net sales of $1.241 billion, down 6.4% sequentially and down 45.8% from the year ago quarter. The midpoint of our guidance provided on May 6, 2024 was net sales of $1,240 billion. On a GAAP basis: gross profit of 59.4%; operating income of $219.1 million and 17.7% of net sales; net income of $129.3 million; and EPS of $0.24 per diluted share. Our guidance provided on May 6, 2024 was for GAAP EPS of $0.19 to $0.24 per diluted share. On a Non-GAAP basis: gross profit of 59.9%; operating income of $390.5 milli ...

CHANDLER, Ariz., Aug. 01, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that its Board of Directors declared a quarterly cash dividend on its common stock of 45.4 cents per share. The dividend is payable on September 5, 2024, to stockholders of record on August 22, 2024. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased it ...

CHANDLER, Ariz., July 30, 2024 (GLOBE NEWSWIRE) -- As embedded systems become more complex and the need for enhanced performance increases, Microchip Technology (Nasdaq: MCHP) has launched its dsPIC33A Core family of Digital Signal Controllers (DSCs). The ability for engineers to create sophisticated, computationally intensive embedded control algorithms is crucial for achieving superior operational efficiency in motor control, power supply, charging and sensing systems. Built around a 32-bit Central Proces ...

CHANDLER, Ariz., July 30, 2024 (GLOBE NEWSWIRE) -- As embedded systems become more complex and the need for enhanced performance increases, Microchip Technology (Nasdaq: MCHP) has launched its dsPIC33A Core family of Digital Signal Controllers (DSCs). The ability for engineers to create sophisticated, computationally intensive embedded control algorithms is crucial for achieving superior operational efficiency in motor control, power supply, charging and sensing systems. Built around a 32-bit Central Proces ...

The market expects Microchip Technology (MCHP) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. This chipmaker is expected to post quarterly earnings of $0.52 per share in its upcoming report, which represents a year-over ...

NEW YORK, July 15, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Microchip Technology Incorporated (NASDAQ: MCHP) on behalf of the company's shareholders. The investigation seeks to determine whether Microchip Technology's directors breached their fiduciary duties in connection with recent corporate actions. If you are a shareholder of Microchip Technology Incorporated and are interested in obtaining additional information regarding your rights and options, free of charge, ...