Microchip Technology (MCHP) Tops Q4 EPS by 6c, Offers Q1 Guidance
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Microchip Technology Announces Financial Results for Fourth Quarter and Fiscal Year 2018
May 8, 2018 8:00 AM EDTFor the quarter ended March 31, 2018 GAAP and Non-GAAP net sales of $1.002 billion, up 0.8% sequentially and up 11.0% from the year ago quarter. The midpoint of our guidance provided on March 1, 2018 was net sales of $984.3 million.On a GAAP basis: record gross margins of 61.4%; operating income of $244.1 million; net income of $146.7 million; and EPS of $0.58 per diluted share, adversely impacted by one-time tax expense of $38.9 million, primarily from the Tax Cuts and Jobs Act and a mark-to-market loss of $15.5 million on investments that will be liquidated to help fund our... More
