Microchip Technology (MCHP) Tops Q3 EPS by 8c, Q4 EPS Guidance Misses

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Go back to Microchip Technology (MCHP) Tops Q3 EPS by 8c, Q4 EPS Guidance Misses

Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2019

February 5, 2019 4:10 PM EST

GAAP net sales of $1.375 billion, down 4.0% sequentially and up 38.3% from the year ago quarter.  Microchip was unable to provide GAAP net sales guidance.Non-GAAP net sales of $1.416 billion, down 6.4% sequentially and up 42.4% from the year ago quarter.  The midpoint of our guidance provided on November 7, 2018 was Non-GAAP net sales of $1.400 billion.On a GAAP basis:  gross margin of 56.7%; operating income of $194.7 million; net income of $49.2 million; and EPS of $0.20 per diluted share.  Microchip was unable to provide GAAP... More