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Stock impact report

Microchip Technology (MCHP) Q1 Earnings: What To Expect [Yahoo! Finance]

Microchip Technology Incorporated (MCHP) 
Last microchip technology incorporated earnings: 2/4 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: microchip.com/investors
Company Research Source: Yahoo! Finance
Microchip Technology met analysts' revenue expectations last quarter, reporting revenues of $1.77 billion, down 18.6% year on year. It was a weak quarter for the company, with underwhelming revenue guidance for the next quarter and an increase in its inventory levels. Is Microchip Technology a buy or sell going into earnings? Read our full analysis here, it's free This quarter, analysts are expecting Microchip Technology's revenue to decline 39.9% year on year to $1.34 billion, a reversal from the 21.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.57 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Microchip Technology has missed Wall Street's revenue estimates twice over the last two years. Looking at Microchip Technology's peers in the analog semiconductors segment, some have Show less Read more
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