The Chandler semiconductor company said it is continuing working through issues to reduce its inventory surplus.

Excluding nonrecurring items, such as restructuring costs and the effects of share-based compensation, adjusted earning per share of 20 cents missed the FactSet consensus of 27 cents. The margin of ...

James Bjornholt; Chief Financial Officer, Senior Vice President; Microchip Technology Inc Richard Simoncic; Senior Vice President - Analog Power and Interface Business Units; Microchip Technology Inc ...

Citi analysts revised their price target for Microchip Technology (NASDAQ:MCHP) stock, reducing it to $65 from the previous $65, while continuing to endorse the stock with a Buy rating. The adjustment ...

Net sales of $1.026 billion, down 11.8% sequentially and down 41.9% from the year ago quarter. Our updated guidance provided on December 2, 2024 was net sales of $1.025 billion.On a GAAP basis: gross ...

Microchip is highly leveraged after making several acquisitions a decade ago. As of September 2024, Microchip held $0.3 billion of cash versus $6.4 billion of debt. The company believes it has ...

Guidance for Q4 revenue ($920 million-$1 billion) reflects a sequential decline from Q3 but highlights a narrower range, suggesting some stabilization. This compares to Q3 guidance of $1.025 ...

Microchip Technology Incorporated ( NASDAQ: MCHP) Q3 2025 Earnings Conference Call February 6, 2025 5:00 PM ET Steve Sanghi - Chief Executive Officer Eric Bjornholt - Chief Financial Officer Rich ...

Chipmaker Microchip Technology forecast fourth-quarter net sales and profit below Wall Street estimates on Thursday, anticipating tepid demand as customers in the automotive market still work on ...

Analog chipmaker Microchip Technology (NASDAQ:MCHP) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 41.9% year on year to $1.03 billion. Next quarter’s revenue guidance of ...

Microchip Technology reported its third-quarter financial results after Thursday's closing bell. Here's a look at the details ...

Reports Q3 revenue $1.026B, consensus $1.05B. “Our December quarter performance reflects the need for the decisive steps we are taking to ...