Microchip Technology (MCHP) Misses Q3 EPS by 9c, Misses on Revenue; Offers Q4 Guidance
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Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2025
February 6, 2025 4:15 PM ESTNet sales of $1.026 billion, down 11.8% sequentially and down 41.9% from the year ago quarter. Our updated guidance provided on December 2, 2024 was net sales of $1.025 billion.On a GAAP basis: gross profit of 54.7%; operating income of $30.9 million and 3.0% of net sales; net loss of $53.6 million; and... More
