Microchip Technology Incorporated (MCHP)
Microchip Cuts Guidance Amid Restructuring, Shares Fall
MCHP struggles with weak demand and restructuring expenses, supported by revised guidance and restructuring plans.
Microchip stock price is on the verge of a bearish breakout
Microchip stock price remains in a strong bear market after falling by almost 30% from its highest level this year. MCHP share was trading at $70.3, up by about 13% above the lowest point this year.
Microchip Technology lowers quarterly revenue forecast, shuts Arizona factory
Microchip Technology lowered its third-quarter revenue forecast on Monday and announced the closure of its wafer manufacturing factory in Arizona, as the chipmaker looks to restructure under interim CEO Steve Sanghi.
Can Microchip Technology's Expanding Portfolio Drive the Stock?
MCHP unveils its IGBT 7 power devices designed for applications in sustainability, e-mobility and data centers.
Unlocking Microchip Tech (MCHP) International Revenues: Trends, Surprises, and Prospects
Explore how Microchip Tech's (MCHP) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.
These Analysts Slash Their Forecasts On Microchip Technology Following Q2 Results
Microchip Technology Incorporated MCHP reported upbeat earnings for its second quarter on Tuesday.
Microchip Earnings Surpass Estimates in Q2, Sales Decrease Y/Y
Microchip's second-quarter fiscal 2025 results suffer from a significant revenue drop, lower guidance and demand challenges across key markets.
Macro Headwinds Send Microchip Technology Stock to the Buy Zone
Microchip Technology Incorporated NASDAQ: MCHP has the power to withstand its headwinds in 2024 and sustain the uptrend in its share price. The uptrend, begun in 20216, has increased the stock's value by 300%, including the 2024 price correction, and another 300% upside is coming for those prepared to wait.
Microchip Technology Incorporated (MCHP) Q2 2025 Earnings Call Transcript
Microchip Technology Incorporated (NASDAQ:MCHP ) Q2 2025 Earnings Conference Call November 5, 2024 5:00 PM ET Company Participants Eric Bjornholt - Senior Vice President and Chief Financial Officer Ganesh Moorthy - President and Chief Executive Officer Richard J. Simoncic - Chief Operating Officer Conference Call Participants Timothy Arcuri - UBS Vivek Arya - Bank of America Securities Toshiya Hari - Goldman Sachs Chris Caso - Wolfe Research Blayne Curtis - Jefferies Christopher Rolland - Susquehanna International Group Harlan Sur - JPMorgan Tore Svanberg - Stifel William Stein - Truist Securities Chris Danely - Citibank Joshua Buchalter - TD Cowen Harsh Kumar - Piper Sandler Janet Ramkissoon - Quadra Capital Operator Greetings, and welcome to Microchip's Q2 Fiscal Year 2025 Financial Results Conference Call.
Microchip Tech (MCHP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Microchip Tech (MCHP) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Microchip Technology (MCHP) Beats Q2 Earnings and Revenue Estimates
Microchip Technology (MCHP) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $1.62 per share a year ago.
Microchip Technology forecasts quarterly results below estimates on weak automotive demand
Microchip Technology forecast third-quarter revenue and profit below estimates on Tuesday, indicating a sluggish demand from automotive customers amid economic uncertainty, sending its shares down about 4% in extended trading.
