MCHP Stock Recent News

Microchip Technology NASDAQ: MCHP stock is selling off for more reasons than one, but its operational quality, market position, and outlook make this a buy-the-dip opportunity. Among the takeaways from the Q1 release are that near-term headwinds, including end-market inventory normalization and macroeconomic headwinds, weigh on the market today.

Explore Microchip Tech's (MCHP) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.

CHANDLER, Ariz., Aug. 05, 2024 (GLOBE NEWSWIRE) -- The Artificial Intelligence (AI) boom and rapid expansion of cloud-based services are accelerating the need for data centers to be more powerful, efficient and highly reliable.

CHANDLER, Ariz., Aug. 02, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that the Company will present at the KeyBanc Capital Markets Technology Leadership Forum on Monday, August 5, 2024 at 10:00 a.m. (Mountain Time). Presenting for the Company will be Mr. Eric Bjornholt, Senior Vice President and Chief Financial Officer. A live webcast of the presentation will be made available by KeyBanc, and can be accessed on the Microchip website at www.microchip.com .

Microchip's (MCHP) first-quarter fiscal 2025 results suffer from challenging macroeconomic conditions that hurt customer demand.

Ganesh Moorthy, Microchip Technology CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, where the company's weakness and strength are coming from, and much more.

Microchip Technology Incorporated MCHP reported mixed first-quarter financial results on Thursday.

Microchip Technology Incorporated. (NASDAQ:MCHP ) Q1 2025 Earnings Conference Call August 1, 2024 4:30 PM ET Company Participants Eric Bjornholt - Chief Financial Officer Ganesh Moorthy - President & Chief Executive Officer Steve Sanghi - Executive Chair Conference Call Participants Timothy Arcuri - UBS Christopher Rolland - Susquehanna International Group Tore Svanberg - Stifel Joshua Buchalter - TD Cowen Harlan Sur - JPMorgan Chris Danely - Citibank Harsh Kumar - Piper Sandler Craig Ellis - B.

Although the revenue and EPS for Microchip Tech (MCHP) give a sense of how its business performed in the quarter ended June 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 $0.53 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $1.64 per share a year ago.