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MCHP

Microchip earnings beat by $0.03, revenue topped estimates

investing.com 05/11/2024 - 21:23 PM

Microchip Reports Second Quarter Earnings

Microchip (NASDAQ: MCHP) reported second quarter EPS of $0.46, exceeding the analyst estimate of $0.43. Revenue for the quarter reached $1.16B, slightly above the consensus estimate of $1.15B.

Guidance

Microchip anticipates Q3 2025 EPS to be in the range of $0.25-$0.35, compared to the analyst consensus of $0.46. Revenue for Q3 2025 is expected to be between $1.03B-$1.10B, below the analyst consensus of $1.18B.

The company's stock price closed at $75.09, reflecting a -1.31% decline over the last 3 months and a -0.04% decrease over the past year. Microchip experienced 0 positive EPS revisions and 16 negative EPS revisions in the last 90 days.

According to InvestingPro, Microchip has a Financial Health score of "good performance".

For more information on Microchip's financials and recent earnings performance, check here to stay updated on all upcoming earnings reports from Investing.com's earnings calendar.




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