Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2019
Microchip Technology Incorporated (MCHP)
Last microchip technology incorporated earnings: 2/4 04:10 pm
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Source: GlobeNewswire
GAAP net sales of $1.375 billion, down 4.0% sequentially and up 38.3% from the year ago quarter. Microchip was unable to provide GAAP net sales guidance.Non-GAAP net sales of $1.416 billion, down 6.4% sequentially and up 42.4% from the year ago quarter. The midpoint of our guidance provided on November 7, 2018 was Non-GAAP net sales of $1.400 billion.On a GAAP basis: gross margin of 56.7%; operating income of $194.7 million; net income of $49.2 million; and EPS of $0.20 per diluted share. Microchip was unable to provide GAAP guidance.On a Non-GAAP basis: record gross margin of 62.2%; operating income of $530.0 million and 37.4% of net sales; net income of $405.6 million and EPS of $1.66 per diluted share, up 22.1% from the year ago quarter. Our guidance provided on November 7, 2018 was Non-GAAP EPS of $1.49 to $1.64 per diluted share.Paid down $377.5 million of debt in the December 2018 quarter. Cumulatively paid down $878.5 million of debt over the last two quarters.Record qua
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MCHP
News
- Microchip Technology Incorporated (NASDAQ: MCHP) had its price target raised by analysts at Stifel Nicolaus from $94.00 to $98.00. They now have a "buy" rating on the stock.MarketBeat
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MCHP
Earnings
- 2/1/24 - Beat
MCHP
Sec Filings
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- MCHP's page on the SEC website