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.

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 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.

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 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 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.