CHANDLER, Ariz., Aug. 07, 2024 (GLOBE NEWSWIRE) -- The reliability and performance of Electric Vehicle (EV) chargers are critical to drive global market adoption. EV manufacturers are focused on delivering the most robust, weather-resistant and user-friendly EV chargers. To accelerate the time to market of an EV charger, Microchip Technology (NASDAQ:MCHP) today announces three flexible and scalable EV Charger Reference Designs including a Single-Phase AC Residential, a Three-Phase AC Commercial with Open Ch ...

l 100 Print r Monty Rakusen Investment summary My previous investment thought for Microchip (NASDAQ:MCHP) (published in late May this year) was a buy rating because my view was that the cyclical bottom is near and MCHP should see strong growth inflection soon. I am staying with a buy rating as I still expect a cyclical turnaround soon, most likely in 3Q25. I do not see any structural changes to the long-term demand outlook for microcontrollers, especially with the growing data center and AI demand. As MCHP ...

Microchip Technology NASDAQ: MCHP stock is selling off for more reasons than one, but its operational quality, market position, and outlook make this a buy-the-dip opportunity. Among the takeaways from the Q1 release are that near-term headwinds, including end-market inventory normalization and macroeconomic headwinds, weigh on the market today. Still, the long-term outlook for semiconductor solutions is robust. MCHP ▼ Microchip Technology Today Microchip Technology $73.86 0.00 (0.00%) 52-Week Range $68.75 ...

CHANDLER, Ariz., Aug. 05, 2024 (GLOBE NEWSWIRE) -- The Artificial Intelligence (AI) boom and rapid expansion of cloud-based services are accelerating the need for data centers to be more powerful, efficient and highly reliable. To meet the growing market demands, Microchip Technology (Nasdaq: MCHP) has released the Flashtec® NVMe® 5016 Solid State Drive (SSD) controller. The 16-channel, PCIe® Gen 5 NVM Express® (NVMe) controller is designed to offer higher levels of bandwidth, security and flexibility. "Dat ...

CHANDLER, Ariz., Aug. 02, 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 KeyBanc Capital Markets Technology Leadership Forum on Monday, August 5, 2024 at 10:00 a.m. (Mountain Time). Presenting for the Company will be Mr. Eric Bjornholt, Senior Vice President and Chief Financial Officer. A live webcast of the presentation will be made available by Ke ...

CHANDLER, Ariz., Aug. 02, 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 KeyBanc Capital Markets Technology Leadership Forum on Monday, August 5, 2024 at 10:00 a.m. (Mountain Time). Presenting for the Company will be Mr. Eric Bjornholt, Senior Vice President and Chief Financial Officer. A live webcast of the presentation will be made available by Ke ...

Microchip Technology (MCHP) reported first-quarter fiscal 2025 non-GAAP earnings of 53 cents per share, which beat the Zacks Consensus Estimate by 1.92% but declined 67.7% on a year-over-year basis. Net sales of $1.24 billion decreased 45.8% year over year and lagged the Zacks Consensus Estimate by 0.03%. Quarter in Detail Sales from mixed signal microcontroller, analog and other accounted for 51.9%, 26.6% and 21.4% of net sales, respectively. Geographically, revenues from the Americas, Europe and Asia cont ...

Microchip Technology Incorporated MCHP reported mixed first-quarter financial results on Thursday. Microchip Technology reported quarterly earnings of 53 cents per share which beat the analyst consensus estimate of 52 cents per share. The company reported quarterly sales of $1.241 billion which missed the analyst consensus estimate of $1.242 billion. "We delivered June 2024 quarterly results in line with our guidance as we continued to navigate a challenging macro environment in combination with our custome ...

Microchip Technology Incorporated. (NASDAQ:MCHP) Q1 2025 Earnings Conference Call August 1, 2024 4:30 PM ET Company Participants Eric Bjornholt - Chief Financial Officer Ganesh Moorthy - President & Chief Executive Officer Steve Sanghi - Executive Chair Conference Call Participants Timothy Arcuri - UBS Christopher Rolland - Susquehanna International Group Tore Svanberg - Stifel Joshua Buchalter - TD Cowen Harlan Sur - JPMorgan Chris Danely - Citibank Harsh Kumar - Piper Sandler Craig Ellis - B. Riley Securi ...

For the quarter ended June 2024, Microchip Technology (MCHP) reported revenue of $1.24 billion, down 45.8% over the same period last year. EPS came in at $0.53, compared to $1.64 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.24 billion, representing a surprise of -0.03%. The company delivered an EPS surprise of +1.92%, with the consensus EPS estimate being $0.52. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...