Microchip Technology Reaffirms Fiscal Third Quarter 2023 Guidance
Microchip Technology Incorporated (MCHP)
Last microchip technology incorporated earnings: 2/4 04:10 pm
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Source: GlobeNewswire
CHANDLER, Ariz., Nov. 28, 2022 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) - Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, reiterated its quarterly guidance initially issued on November 3, 2022. Microchip expects consolidated net sales for the December 2022 quarter to be $2.135 billion to $2.177 billion, which would result in sequential growth of between 3.0% and 5.0%, or 22.7% year-over-year growth, at the mid-point of the guidance range. The Company also reaffirms its expectations for sequential revenue growth for the March 2023 quarter. “We expect to deliver our 9th consecutive quarter of record revenue in the December 2022 quarter. Our backlog for the quarter remains strong, our carefully curated end markets remain resilient, and while we see incremental supply chain improvements, several technology corridors remain constrained,” said Ganesh Moorthy, Microchip’s CEO. “As we execute our Microchip 3.0 strategy, we beli
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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