MCHP remains a buy rating with expectations of a cyclical turnaround in 3Q25. 1Q25 results showed decline in revenue and margins, with 2Q25 guidance indicating further sequential deceleration. Focus on monitoring EBITDA margin as potential indicator of structural cost improvements.
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.
Microchip's (MCHP) first-quarter fiscal 2025 results suffer from challenging macroeconomic conditions that hurt customer demand.
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.
Chipmaker Microchip Technology forecast second-quarter net sales below Wall Street estimates on Thursday, anticipating weak demand from customers yet to clear excess inventory stockpiled during the pandemic.
Holding tech stocks is not the same as having shares of mining or food companies in your portfolio. The difference lies in the speed of technological improvements that can occur almost every week and knock the previous leaders out of the game.
Besides Wall Street's top -and-bottom-line estimates for Microchip Tech (MCHP), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
Microchip Tech (MCHP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.