EXHIBIT 99.1 NEWS RELEASE INVESTOR RELATIONS CONTACT: Sajid Daudi -- Head of Investor Relations..... (480) 792-7385 MICROCHIP TECHNOLOGY ANNOUNCES FINANCIAL RESULTS FOR SECOND QUARTER OF FISCAL YEAR 2025 • 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 settle ...

CHANDLER, Ariz., Nov. 05, 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 45.5 cents per share. The dividend is payable on December 6, 2024, to stockholders of record on November 22, 2024. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased i ...

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. 17, 2024 (GLOBE NEWSWIRE) -- Satisfying mission assurance requirements for the most critical space programs, Microchip Technology's (Nasdaq: MCHP) Radiation-Tolerant (RT) RTG4™ Field- Programmable Gate Arrays (FPGAs) with lead-free flip-chip bumps have earned the Qualified Manufacturers List (QML) Class V status. As designated by the Defense Logistics Agency (DLA), QML Class V is the highest level of qualification for space components and a necessary step to satisfy mission assurance r ...

PARADISE VALLEY, Ariz., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Steve Sanghi, retired CEO and chair of the board of directors of Microchip Technology, today announces the release of his third book, "Ask Steve: Everyday business advice from a successful CEO." Sanghi offers practical and real-world business advice based on his highly regarded leadership style and overall business acumen. Building on the success of his previous books, "Ask Steve: Everyday business advice from a successful CEO," is an extension of th ...

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 ...