Microchip Technology Provides Updated Financial Guidance After Completion of Microsemi Acquisition
Microchip Technology Incorporated (MCHP)
Last microchip technology incorporated earnings: 2/4 04:10 pm
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Source: GlobeNewswire
CHANDLER, Ariz., May 31, 2018 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of microcontroller, mixed signal, analog and Flash-IP solutions, today provided updated guidance for net sales and non-GAAP earnings per share for its fiscal first quarter of 2019 ending June 30, 2018, after the completion of the acquisition of Microsemi Corporation by Microchip. Microchip previously provided guidance on May 8, 2018 for consolidated non-GAAP net sales to be up between 1% and 6% sequentially with a mid-point of up 3.5%. Microchip expects non-GAAP net sales based on end market demand from Microsemi to add between $160 million to $180 million to its June quarter results, and now expects consolidated non-GAAP net sales for the June quarter to be up 17% to 24% sequentially. Microchip expects Microsemi to add between 2 cents to 6 cents to non-GAAP earnings per share. The combined non-GAAP earnings per share for Microchip and Microsemi is expected to
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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