Microchip Technology (MCHP) Reaffirms Q3 Guidance

Microchip Technology Incorporated (NASDAQ: MCHP), a leading provider of microcontroller, mixed signal, analog and Flash-IP solutions, today reaffirmed its financial guidance provided in its November 6, 2017 earnings press release and currently expects net sales of between $971.7 million and $1,012.1 million, non-GAAP earnings per diluted share of $1.30 to $1.40 and GAAP earnings per diluted share of $0.73 to $0.81 for the December quarter.

“The December 2017 quarter is tracking towards our guidance provided on November 6, 2017,” said Steve Sanghi, Microchip’s CEO. “We continue to execute on the various initiatives that we expect will lead us to achieve our growth and long-term operating model goals.”

There will be no conference call associated with this press release. Microchip is presenting at the Credit Suisse 21st Annual Technology, Media & Telecom Conference tomorrow, Wednesday, November 29, 2017 at 9:00 a.m. (Mountain). A live webcast and replay of this presentation will be available at www.microchip.com.

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