Microchip Technology (NASDAQ:MCHP) Reports Weak Q1 [Yahoo! Finance]
Microchip Technology Incorporated (MCHP)
Last microchip technology incorporated earnings: 2/4 04:10 pm
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Source: Yahoo! Finance
Next quarter's revenue guidance of $1.24 billion also underwhelmed, coming in 8.7% below analysts' estimates. It made a non-GAAP profit of $0.57 per share, down from its profit of $1.64 per share in the same quarter last year. Is now the time to buy Microchip Technology? Find out in our full research report Microchip Technology (MCHP) Q1 CY2024 Highlights: Revenue: $1.33 billion vs analyst estimates of $1.34 billion (1.2% miss) EPS (non-GAAP): $0.57 vs analyst expectations of $0.57 (in line) Revenue Guidance for Q2 CY2024 is $1.24 billion at the midpoint, below analyst estimates of $1.36 billion Gross Margin (GAAP): 59.6%, down from 68% in the same quarter last year Inventory Days Outstanding: 223, up from 185 in the previous quarter Free Cash Flow of $389.9 million, down 50.9% from the previous quarter Market Capitalization: $49.37 billion "We experienced a major inventory correction in fiscal 2024, leading to a 9.5% decline in revenue to $7.6 billion. Despite thi
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MCHP
News
- Microchip (MCHP) Boosts Aerospace Portfolio With New Launch [Yahoo! Finance]Yahoo! Finance
- Microchip Expands its Radiation-Tolerant Microcontroller Portfolio with the 32-bit SAMD21RT Arm® Cortex®-M0+ Based MCU for the Aerospace and Defense Market [Yahoo! Finance]Yahoo! Finance
- Microchip Expands its Radiation-Tolerant Microcontroller Portfolio with the 32-bit SAMD21RT Arm® Cortex®-M0+ Based MCU for the Aerospace and Defense MarketGlobeNewswire
- Preparing for Take-off: IDTechEx Discusses Unjammable Sat-Navs and the Quantum Sensor Revolution [Yahoo! Finance]Yahoo! Finance
- Microchip Tech (MCHP) Reliance on International Sales: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
MCHP
Earnings
- 5/6/24 - Beat
MCHP
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- MCHP's page on the SEC website