Net sales of $1.164 billion, down 6.2% sequentially and down 48.4% from the year ago quarter. The midpoint of our guidance provided on August 1, 2024 was net sales of $1.150 billion.Revenue, gross profit and non-GAAP gross profit were positively impacted by a $13.3 million legal settlement. This settlement also positively impacted GAAP and non-GAAP EPS by $0.02 per diluted share.On a GAAP basis: gross profit of 57.4%; operating income of $146.6 million and 12.6% of net sales; net income of $78.4 million; an ...

Microchip Technology (MCHP) is set to release its second-quarter fiscal 2025 results on Nov. 5.Microchip expects net sales of $1.12-$1.18 billion for the second quarter of fiscal 2025. Non-GAAP earnings are anticipated between 40 cents and 46 cents per share.The Zacks Consensus Estimate for fiscal second-quarter earnings is pegged at 43 cents per share, unchanged over the past 60 days, suggesting a 73.46% year-over-year decline.The consensus estimate for revenues is pegged at $1.15 billion, indicating a yea ...

Wall Street analysts expect Microchip Technology (MCHP) to post quarterly earnings of $0.43 per share in its upcoming report, which indicates a year-over-year decline of 73.5%. Revenues are expected to be $1.15 billion, down 48.9% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company reveals its earnings, it is vita ...

CHANDLER, Ariz., Oct. 15, 2024 (GLOBE NEWSWIRE) -- With Industry 4.0, the rapid rise of Artificial Intelligence (AI), digitized manufacturing and the age of IoT everything, the demand for wireless connectivity in commercial and industrial applications is growing at an exceptional pace. These applications typically require reliable connectivity that can withstand extreme environments that are exposed to high temperatures, background noise and obstructions. To help meet this need, Microchip Technology (Nasdaq ...

Microchip Technology (MCHP) recently introduced the Microchip Graphics Suite (MGS), a comprehensive solution aimed at simplifying the integration of graphical user interfaces (GUIs) into electronic devices. Designed to enhance user experiences by enabling intuitive and visually appealing interactions, MGS supports embedded developers in incorporating animations, images and touchscreens into its designs. Seamlessly integrating with Microchip's 32-bit microcontrollers (MCUs) and microprocessors (MPUs), MGS is ...

CHANDLER, Ariz., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Designers are incorporating Graphical User Interfaces, or GUIs, into more electronic devices to enhance the user experience by providing intuitive and visually appealing interactions with today's modern applications. To support embedded developers with their designs, Microchip Technology (Nasdaq: MCHP) today announces Microchip Graphics Suite (MGS), an easy-to-learn, comprehensive solution that simplifies the process of incorporating GUIs, animations and i ...

CHANDLER, Ariz., Sept. 10, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that the Company will present at the Goldman Sachs Communacopia + Technology Conference on Wednesday, September 11, 2024 at 1:45 p.m. (Pacific Time). Presenting for the Company will be Mr. Eric Bjornholt, Senior Vice President and Chief Financial Officer, and Mr. Sajid Daudi, Head of Investor Relations. A live we ...

Microchip Technology Incorporated. (NASDAQ:MCHP) 2024 Annual Shareholders Meeting August 20, 2024 12:00 PM ET Company Participants Steve Sanghi - Executive Chair Rich Simoncic - Chief Operating Officer Eric Bjornholt - Senior Corporate Vice President, CFO Ganesh Moorthy - President & CEO Lauren Carr - SVP, Global Human Resources Mathew Bunker - Senior Corporate Vice President of Operations Katie Carter - Director of Faith-Based Investing and Shareholder Engagement, Presbyterian Church (U.S.A.) Rob Suffolett ...

Microchip Technology (MCHP) recently introduced its latest Single Pair Ethernet (SPE) solutions with the launch of the LAN887x Ethernet PHY transceiver family, designed to meet the growing connectivity demands in automotive, industrial, avionics, robotics and automation sectors. The new transceivers support network speeds ranging from 100 Mbps to 1000 Mbps over cable lengths up to 40 meters, offering enhanced flexibility and interoperability across various applications. Fully compliant with industry standar ...

Microchip Technology Inc. MCHP is teetering on the edge of a significant technical breakdown as its moving averages hint that the stock may be nearing the dreaded Death Cross. With the stock down 6.22% year-to-date and a steep 8.5% in the past month alone, the once-strong chipmaker is now facing a formidable challenge. Moving Averages On A Collision Course The stock price of Microchip Technology currently sits at $80.85, with the 50-day simple moving average (SMA) at $87.91 and the 200-day SMA at $87.33. Ch ...