Microchip Technology (MCHP) PT Raised to $110 at Needham & Company
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Microchip Technology Announces Record Financial Results For Third Quarter of Fiscal Year 2023
February 2, 2023 4:15 PM ESTRecord net sales of $2.169 billion, up 4.6% sequentially and up 23.4% from the year ago quarter. The midpoint of our guidance provided on November 3, 2022 was net sales of $2.156 billion. On a GAAP basis: record gross margin of 67.8%; record operating income of $811.6 million and a record... More
