Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2020

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Go back to Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2020

Microchip Technology (MCHP) Reports In-Line Q2 EPS; Guides Q3 Below Views

November 5, 2019 4:17 PM EST

Microchip Technology (NASDAQ: MCHP) reported Q2 EPS of $1.43, in-line with the analyst estimate of $1.43. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.35 billion.

"Our September quarter financial results were reasonably good despite a challenging economic environment," said Steve Sanghi, Chief Executive Officer. "Our net sales were slightly below the midpoint of our guidance provided on August 6, 2019. Our non-GAAP gross margins were up to 62.2% in the September quarter, and very close to a record high. Our non-GAAP operating margin was also up to 36.7%, above the... More