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CHANDLER, Ariz., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Automakers are revolutionizing the driving experience with innovative smart cockpit designs that feature large displays and emerging technologies like Organic Light Emitting Diodes (OLEDs) and microLEDs, seamlessly blending functionality with brand identity.
We're harnessing the power of AI to provide interactive, real-time support that helps developers create better software, more quickly and with less hassle.
Downgrade MCHP to hold due to persistent revenue declines, inventory overhang, and deteriorating margins, with no immediate turnaround in sight. 3Q25 results showed a 42% y/y revenue decline, with gross margin compressing to 54.7% and EBIT margin dropping to 15.7%. Inventory levels remain critically high, impacting revenue growth and margins, with distributors still working through existing stock.
Review Microchip Tech's (MCHP) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.
Microchip Technology's stock was falling after the semiconductor maker kept its dividend flat for first time in four years, reported quarterly sales that fell to a seven-year low and gave an outlook that disappointed.
MCHP's third-quarter fiscal 2025 results suffer from a significant revenue drop, sluggish guidance and demand challenges across key markets.
Microchip Technology Incorporated (NASDAQ:MCHP ) Q3 2025 Earnings Conference Call February 6, 2025 5:00 PM ET Company Participants Steve Sanghi - Chief Executive Officer Eric Bjornholt - Chief Financial Officer Rich Simoncic - Chief Operating Officer Conference Call Participants Vivek Arya - Bank of America Securities Blayne Curtis - Jefferies Harsh Kumar - Piper Sandler Toshiya Hari - Goldman Sachs Vijay Rakesh - Mizuho Securities Chris Danely - Citi Joe Moore - Morgan Stanley Craig Ellis - B. Riley Securities Chris Caso - Wolfe Research Operator Greetings, and welcome to the Microchip's Q3 Fiscal '25 Financial Results Conference Call.
Although the revenue and EPS for Microchip Tech (MCHP) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Microchip Technology (MCHP) came out with quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $1.08 per share a year ago.
Chipmaker Microchip Technology forecast fourth-quarter net sales and profit below Wall Street estimates on Thursday, anticipating tepid demand as customers in the automotive market still work on clearing excess inventory.