Microchip Technology (MCHP) Reports In-Line Q1 EPS

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Microchip Technology Announces Record Financial Results For First Quarter of Fiscal Year 2024

August 3, 2023 4:15 PM EDT

Record net sales of $2.289 billion, up 2.5% sequentially and up 16.6% from the year ago quarter. The midpoint of our guidance provided on May 4, 2023 was net sales of $2.289 billion.On a GAAP basis: record gross profit of 68.1%; record operating income of $903.1 million and a record... More