Microchip Technology-Microchip Q4 Earnings & Sales Beat Estimates, Shares Up on Solid View

Microchip Technology (MCHP) reported fourth-quarter fiscal 2025 non-GAAP earnings of 11 cents per share, which beat the Zacks Consensus Estimate by 28.57% and plunged 81.5% year over year.Net sales of $970.5 million decreased 26.8% year over year and beat the Zacks Consensus Estimate by 0.98%. Sequentially, revenues declined 5.4%. The figure was$ 10.5 million above the midpoint of Microchip’s guidance.Following the impressive fiscal fourth-quarter results, Microchip shares were up more than 13% at the time ...