Here's What Key Metrics Tell Us About Microchip Tech (MCHP) Q3 Earnings

Microchip Technology (MCHP) reported $1.03 billion in revenue for the quarter ended December 2024, representing a year-over-year decline of 41.9%. EPS of $0.20 for the same period compares to $1.08 a year ago.The reported revenue represents a surprise of -2.02% over the Zacks Consensus Estimate of $1.05 billion. With the consensus EPS estimate being $0.28, the EPS surprise was -28.57%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...