Microchip Technology(US:MCHP) ZACKS·2025-07-31 15:08Core Viewpoint - Microchip Technology (MCHP) is anticipated to report a year-over-year decline in earnings and revenues for the quarter ended June 2025, which could significantly influence its stock price depending on the actual results compared to estimates [1][3]. Earnings Expectations - The upcoming earnings report is expected to show earnings of $0.24 per share, reflecting a decline of 54.7% year-over-year, with revenues projected at $1.05 billion, down 15.1% from the previous year [3]. - The consensus EPS estimate has been revised 1.37% higher in the last 30 days, indicating a slight positive adjustment from analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Microchip Tech is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.19%, suggesting a bearish outlook [11]. - Despite the negative Earnings ESP, the company holds a Zacks Rank of 2 (Buy), complicating predictions of an earnings beat [11]. Historical Performance - In the last reported quarter, Microchip Tech exceeded the consensus EPS estimate by 10%, having beaten estimates three times over the last four quarters [12][13]. Industry Comparison - In contrast, ON Semiconductor Corp. is expected to report earnings of $0.54 per share for the same quarter, indicating a year-over-year decline of 43.8%, with revenues projected at $1.45 billion, down 16.4% [17][18]. - ON Semiconductor has a positive Earnings ESP of +16.85% and a Zacks Rank of 2, suggesting a higher likelihood of beating the consensus EPS estimate [18][19].