Microchip Technology Incorporated. (NASDAQ:MCHP) Q4 2024 Earnings Conference Call May 6, 2024 5:00 PM ET Company Participants Eric Bjornholt - CFO Ganesh Moorthy - President and CEO Steve Sanghi - Executive Chair Conference Call Participants Vivek Arya - Bank of America Chris Caso - Wolfe Research Harlan Sur - JPMorgan Gary Mobley - Wells Fargo Timothy Arcuri - UBS Tore Svanberg - Stifel Toshiya Hari - Goldman Sachs Joshua Buchalter - TD Cowen Chris Danely - Citi Vijay Rakesh - Mizuho William Stein - Truist ...

Monday, May 6th, 2024Markets start the week in the green. It’s the third-straight up-day for both the S&P 500 and the Nasdaq, fourth straight for the blue-chip Dow. We’re just about back to breakeven over the past month (the Nasdaq has already gotten there), which is notable considering where we were a couple weeks ago. The Dow gathered +176 points in today’s session, while the S&P gained +1.03% and the tech-heavy Nasdaq +1.19%. The small-cap Russell 2000 performed just as well: +1.16% for the day.We’re tak ...

A Leading Provider of Smart, Connected and Secure Embedded Solutions During the course of this presentation, we will make projections or other forward-looking statements regarding the future financial performance of the company (including our guidance) or future events, including our strategy, growth drivers, industry trends, our financial model, performance in industry cycles, strong cash generation, capital return strategy including debt paydown, dividend growth, and buybacks. These statements are made pu ...

EXHIBIT 99.1 INVESTOR RELATIONS CONTACT: Sajid Daudi -- Head of Investor Relations..... (480) 792-7385 MICROCHIP TECHNOLOGY ANNOUNCES FINANCIAL RESULTS FOR FOURTH QUARTER AND FISCAL YEAR 2024 For the quarter ended March 31, 2024 For fiscal year 2024 CHANDLER, Arizona - May 6, 2024 - (NASDAQ: MCHP) - Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today reported results for the three months and fiscal year ended March 31, 2024, as summarized i ...

CHANDLER, Ariz., May 06, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – 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 45.2 cents per share. The dividend is payable on June 5, 2024, to stockholders of record on May 22, 2024. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend ...

Wall Street analysts expect Microchip Technology (MCHP) to post quarterly earnings of $0.57 per share in its upcoming report, which indicates a year-over-year decline of 65.2%. Revenues are expected to be $1.33 billion, down 40.6% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings announcement, it is cr ...

CHANDLER, Ariz., May 01, 2024 (GLOBE NEWSWIRE) -- Developers of spacecraft electronics utilize radiation-tolerant (RT) field programmable gate arrays (FPGAs) to ensure high performance, reliability, power-efficiency and the best-in-class security for emerging space domain threats. To take it a step further and help provide fast, cost-effective software customization, Microchip Technology (NASDAQ:MCHP) has introduced the RT PolarFire® system-on-chip (SoC) FPGA. Developed on Microchip's RT PolarFire FPGA, it ...

CHANDLER, Ariz., April 25, 2024 (GLOBE NEWSWIRE) -- As we see an increased number of electric vehicles (EVs) on the road, the necessary charging infrastructure must expand to meet the increased demand. Adding credit card payment options to EV chargers is becoming a standard practice in many countries—and is a mandate in the European Union—and chargers need to meet Payment Card Industry (PCI) security standards. To help EV charger designers protect their payment architectures, Microchip Technology (NASDAQ:MC ...

Fresh off receiving U.S. CHIPS Act funding for a small manufacturing expansion, Microchip just announced a couple of AI and auto acquisitions.Shares of Microchip (MCHP -3.00%) remain near all-time highs even though its primary customers in the automotive and industrial markets are in the midst of a slump. Clearly, investors are looking beyond some near-term pain and toward a new wave of growth at some point in the future for this Arizona-based chipmaker.Microchip seems to be optimistic as well. It recently ...

Microchip Technology (MCHP) is strengthening its presence in the aviation industry with its latest integrated actuation power solution aimed at addressing the sector’s rising demand for efficiency, sustainability and decarbonization.With a focus on the emerging trend of More Electric Aircraft (MEA), Microchip’s latest solution combines companion gate driver boards with their adaptable Hybrid Power Drive (HPD) modules, which are available in both silicon carbide and silicon technology, spanning a power range ...