Should You Buy, Sell, or Hold MCHP Stock Before Q2 Earnings Release?

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 ...