These Analysts Slash Their Forecasts On Microchip Technology Following Q2 Results
Microchip Technology Incorporated (NASDAQ:MCHP) reported upbeat earnings for its second quarter on Tuesday. The company posted quarterly earnings of 46 cents per share which beat the analyst consensus estimate of 43 cents per share.
Microchip Technology (MCHP) Beats Q2 Earnings and Revenue Estimates
Microchip Technology (MCHP) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $1.62 per share a year ago. These figures are adjusted for non-recurring items.
Microchip Tech: Fiscal Q2 Earnings Snapshot
For the current quarter ending in December, Microchip Tech expects its per-share earnings to range from 25 cents to 35 cents. The company said it expects revenue in the range of $1.02 billion to $1.1 billion for the fiscal third quarter.
Microchip Technology Forecasts Quarterly Results Below Estimates on Weak Automotive Demand
Microchip Technology forecast third-quarter revenue and profit below estimates on Tuesday, indicating a sluggish demand from automotive customers amid economic uncertainty, sending its shares down about 4% in extended trading.
Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2025
Net sales of $1.164 billion, down 6.2% sequentially and down 48.4% from the year ago quarter. The midpoint of our guidance provided on August 1,
Microchip Tech (MCHP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Microchip Technology (MCHP) reported $1.16 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 48.4%. EPS of $0.46 for the same period compares to $1.62 a year ago.
Microchip Technology Increases Quarterly Cash Dividend 3.6% Year-Over-Year to 45.5 Cents Per Share
Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that its Board of Directors declared a quarterly cash dividend on its common stock of 45.
Microchip’s Resilient Market Positioning and Long-Term Growth Potential Amid Short-Term Challenges
Susquehanna analyst Christopher Rolland has reiterated their bullish stance on MCHP stock, giving a Buy rating today. Christopher Rolland has ...
Do Fund Managers Love Or Hate Microchip Technology Incorporated (MCHP)?
We recently compiled a list of the BofA’s List Of AI & Semiconductor Stocks That Fund Managers Love & Hate: 16 Stocks On The ...
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Microchip Technology (MCHP) Q3 Earnings: What To Expect
Analog chipmaker Microchip Technology (NASDAQ:MCHP) will be reporting earnings tomorrow after market close. Here’s what investors should know. Microchip Technology met analysts’ revenue ...
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Microchip: Strong Buy Rating Despite Recent Challenges, Anticipating Rebound in Sales and Earnings
In a report released today, Christopher Danely from Citi reiterated a Buy rating on Microchip (MCHP – Research Report), with a price target of $82.00. Christopher Danely’s rating is based on the ...
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Should You Buy, Sell, or Hold MCHP Stock Before Q2 Earnings Release?
Microchip Technology MCHP is set to release its second-quarter fiscal 2025 results on Nov. 5. Microchip expects net sales of $1.12-$1.18 billion for the second quarter of fiscal 2025. Non-GAAP ...
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Microchip Technology Incorporated (MCHP): Institutional Investors Are Shorting This Semiconductor Stock Now
In this article, we are going to take a look at where Microchip Technology Incorporated (NASDAQ:MCHP) stands against the other semiconductor stocks. With the third quarter earnings season with us ...
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Microchip Technology Inc MCHP
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