Microchip Technology (MCHP) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $1.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.89%. A quarter ago, it was expected that this chipmaker would post earnings of $1.62 per share when it actually produced earnings of $1.62, delivering no surprise.Over the last four quarters, the company has ...

Net sales of $1.766 billion, down 21.7% sequentially and down 18.6% from the year ago quarter. Our preliminary net sales results provided on January 8, 2024 was for net sales to be down 22% sequentially.On a GAAP basis: gross profit of 63.4%; operating income of $529.4 million and 30.0% of net sales; net income of $419.2 million; and EPS of $0.77 per diluted share. Our guidance provided on November 2, 2023 was for GAAP EPS of $0.68 to $0.76 per diluted share. On a Non-GAAP basis: gross profit of 63.8%; oper ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 0-21184 MICROCHIP TECHNOLOGY INCORPORATED (Exact Name of Registrant as Specified in Its Charter) (State or ...

Finding stocks that not only promise growth but also offer consistent dividends isn't always easy, especially in the growth-oriented tech sector. However, a few generous dividend payers stand out as great income investments right now. Three Fool.com tech writers are here to share their best dividend ideas right now.Read on to get the deep-dive dividend details on Qualcomm (QCOM -2.43%), Universal Display (OLED -1.80%), and Microchip Technology (MCHP -3.04%). Each one offers a tantalizing blend of technology ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Microchip Technology (MCHP) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 1, 2024, might help the stock move higher if these key numbers are bette ...

Microchip Technology (MCHP) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this chipmaker have returned -0.6%, compared to the Zacks S&P 500 composite's +2.5% change. During this period, the Zacks Semiconductor - Analog and Mixed industry, which Microchip Tech falls in, has lost 1.5%. The key question now is: What could be the stock' ...

In the latest market close, Microchip Technology (MCHP) reached $90.74, with a +1.45% movement compared to the previous day. The stock exceeded the S&P 500, which registered a gain of 0.22% for the day. At the same time, the Dow added 0.36%, and the tech-heavy Nasdaq gained 0.32%.The the stock of chipmaker has fallen by 0.83% in the past month, lagging the Computer and Technology sector's gain of 3.64% and the S&P 500's gain of 1.61%.The investment community will be paying close attention to the earnings pe ...

CHANDLER, Ariz., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced that Ellen Barker, former Senior Vice President and Chief Information Officer of Texas Instruments (TI), will join the Board of Directors of Microchip effective February 2, 2024. With this appointment, Microchip's Board will be comprised of 8 members, 6 of whom are independent. Ms. Barker has not yet been appointed to any committe ...

CHANDLER, Ariz., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Thermal management is a critical aspect of automotive design, yet compared to many other components, there is a noted lack of options when it comes to multi-channel remote temperature sensors. To fill this gap, Microchip Technology (NASDAQ:MCHP) has launched the MCP998x family of 10 automotive-qualified remote temperature sensors. The MCP998x family is one of the largest portfolios of automotive-grade multi-channel temperature sensors in the industry and is ...

CHANDLER, Ariz., Jan. 16, 2024 (GLOBE NEWSWIRE) -- The growth of the industrial automation market encompasses innovative technologies like Machine Learning (ML) and robotic systems. Embedded solutions with deterministic communication are essential for industrial automation applications to control, monitor and process data. To provide designers with a reliable and robust network solution with deterministic communication, Microchip Technology (NASDAQ:MCHP) today announces its next-generation of LAN969x Ethern ...