Microchip Technology (MCHP) Tops Q2 EPS by 1c, Offers Guidance
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Microchip Technology Announces Record Financial Results for Second Quarter of Fiscal Year 2022
November 4, 2021 4:15 PM EDTRecord net sales of $1.650 billion, up 5.1% sequentially and up 26.0% from the year ago quarter. The midpoint of our guidance provided on August 3, 2021 was net sales of $1.648 billion.On a GAAP basis: record gross margin of 64.8%; record operating income of $416.3 million; net income of $242.0 million; and EPS of $0.43 per diluted share. Our guidance provided on August 3, 2021 was for GAAP EPS of $0.47 to $0.49 per diluted share on a split-adjusted basis. Our guidance did not include the $85.2 million loss on debt settlement associated with our debt refinancing activities in the... More
