Don't Overlook Microchip Tech (MCHP) International Revenue Trends While Assessing the Stock

Core Insights - Microchip Technology's international operations are crucial for assessing its financial resilience and growth prospects [1][2] - The company's total revenue for the quarter was $1.03 billion, reflecting a significant year-over-year decline of 41.9% [4] International Revenue Breakdown - Revenue from Europe was $183.9 million, accounting for 17.92% of total revenue, which was a surprise decline of 19.16% compared to analyst expectations of $227.49 million [5] - Asia contributed $544.7 million, representing 53.09% of total revenue, with a positive surprise of 10.38% against expectations of $493.5 million [6] Future Revenue Projections - Analysts project Microchip Technology will generate $960.52 million in the ongoing fiscal quarter, down 27.6% from the previous year, with expected contributions from Europe and Asia at $230.31 million (24%) and $508.4 million (52.9%) respectively [7] - For the full year, total revenue is expected to be $4.44 billion, a decrease of 41.8% from the previous year, with Europe and Asia projected to contribute $942.5 million (21.2%) and $2.18 billion (49%) respectively [8] Market Performance - The company's stock has declined by 6% over the past month, while the S&P 500 composite increased by 2.1% [13] - Over the past three months, Microchip Technology's shares decreased by 17.5%, contrasting with a 1.2% increase in the S&P 500 [13]