CHANDLER, Ariz., May 16, 2024 (GLOBE NEWSWIRE) -- Space exploration is experiencing a resurgence with exciting new missions like the highly anticipated Artemis II mission, the recent successful lunar landing missions such as JAXA SLIM and Chandaaryan-3, and New Space deployments in Low Earth Orbit (LEO). Designers require electronic components that meet stringent radiation and reliability standards to operate in the harsh environments found in space. Microchip Technology (NASDAQ:MCHP) today announces the SA ...

Have you looked into how Microchip Technology (MCHP) performed internationally during the quarter ending March 2024? Considering the widespread global presence of this chipmaker, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth trajectory. For investors ...

Microchip Technology (MCHP) reported fourth-quarter fiscal 2024 non-GAAP earnings of 57 cents per share, which was in line with the Zacks Consensus Estimate but declined 65.2% on a year-over-year basis.Net sales of $1.33 billion decreased 40.6% year over year and lagged the Zacks Consensus Estimate by 0.09%.Quarter in DetailSales from mixed signal microcontroller, analog and other accounted for 52.5%, 24.8% and 22.7% of net sales, respectively.Geographically, revenues from the Americas, Europe and Asia cont ...

CHANDLER, Ariz., May 07, 2024 (GLOBE NEWSWIRE) -- The Low-Earth Orbit (LEO) market is rapidly growing as private and public entities alike explore the new space region for everything from 5G communication and cube satellites to IoT applications. There is an increased demand for standard space grade solutions that are reliable, cost effective and configurable. To meet this market need, Microchip Technology (NASDAQ:MCHP) today announces a new family of Radiation-Tolerant (RT) LE50-28 isolated DC-DC 50W power ...

Microchip Technology Incorporated. (NASDAQ:MCHP) Q4 2024 Earnings Conference Call May 6, 2024 5:00 PM ET Company Participants Eric Bjornholt - CFO Ganesh Moorthy - President and CEO Steve Sanghi - Executive Chair Conference Call Participants Vivek Arya - Bank of America Chris Caso - Wolfe Research Harlan Sur - JPMorgan Gary Mobley - Wells Fargo Timothy Arcuri - UBS Tore Svanberg - Stifel Toshiya Hari - Goldman Sachs Joshua Buchalter - TD Cowen Chris Danely - Citi Vijay Rakesh - Mizuho William Stein - Truist ...

Monday, May 6th, 2024Markets start the week in the green. It’s the third-straight up-day for both the S&P 500 and the Nasdaq, fourth straight for the blue-chip Dow. We’re just about back to breakeven over the past month (the Nasdaq has already gotten there), which is notable considering where we were a couple weeks ago. The Dow gathered +176 points in today’s session, while the S&P gained +1.03% and the tech-heavy Nasdaq +1.19%. The small-cap Russell 2000 performed just as well: +1.16% for the day.We’re tak ...

A Leading Provider of Smart, Connected and Secure Embedded Solutions During the course of this presentation, we will make projections or other forward-looking statements regarding the future financial performance of the company (including our guidance) or future events, including our strategy, growth drivers, industry trends, our financial model, performance in industry cycles, strong cash generation, capital return strategy including debt paydown, dividend growth, and buybacks. These statements are made pu ...

EXHIBIT 99.1 INVESTOR RELATIONS CONTACT: Sajid Daudi -- Head of Investor Relations..... (480) 792-7385 MICROCHIP TECHNOLOGY ANNOUNCES FINANCIAL RESULTS FOR FOURTH QUARTER AND FISCAL YEAR 2024 For the quarter ended March 31, 2024 For fiscal year 2024 CHANDLER, Arizona - May 6, 2024 - (NASDAQ: MCHP) - Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today reported results for the three months and fiscal year ended March 31, 2024, as summarized i ...

CHANDLER, Ariz., May 06, 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 45.2 cents per share. The dividend is payable on June 5, 2024, to stockholders of record on May 22, 2024. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend ...

Wall Street analysts expect Microchip Technology (MCHP) to post quarterly earnings of $0.57 per share in its upcoming report, which indicates a year-over-year decline of 65.2%. Revenues are expected to be $1.33 billion, down 40.6% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings announcement, it is cr ...