Microchip Technology (MCHP) Tops Q1 EPS by 7c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/15/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- BOJ eyeing September rate hike, faster pace of tightening, sources say
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- SanDisk upgraded at JPMorgan after investor day; shares climb
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
Microchip Technology Announces Record Financial Results for First Quarter of Fiscal Year 2022
August 3, 2021 4:15 PM EDTRecord net sales of $1.569 billion, up 7.0% sequentially and up 19.8% from the year ago quarter. The midpoint of our guidance provided on May 6, 2021 was net sales of $1.548 billion.On a GAAP basis: record gross margin of 64.2%; record operating income of $368.8 million; net income of $252.8 million; and EPS of $0.89 per diluted share. Our guidance provided on May 6, 2021 was for GAAP EPS of $0.75 to $0.79 per diluted share. On a Non-GAAP basis: record gross margin of 64.8%; record operating income of $655.1 million... More
