Microchip Technology (MCHP) Tops Q4 EPS by 10c

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Go back to Microchip Technology (MCHP) Tops Q4 EPS by 10c

Microchip Technology Announces Record Net Sales for Fourth Quarter and Fiscal Year 2017

May 9, 2017 4:16 PM EDT

For the quarter ended March 31, 2017

Record GAAP and Non-GAAP net sales of $902.7 million.  Our updated guidance provided on February 28, 2017 was net sales of $876.8 million to $903.2 million.On a GAAP basis: gross margins of 59.0%; operating income of $154.1 million; net income from continuing operations of $136.9 million; and EPS from continuing operations of 57 cents per diluted share.  Microchip did not provide updated GAAP guidance on February 28, 2017 due to its February 2017 financing activities and the related accounting impact not being available at that time.On a Non-GAAP basis:  gross margins of 59.2%; record operating... More