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.
Undervalued semiconductor stocks are excellent additions to any portfolio because chip sales are expected to rise 13.1% in 2024 after falling about 8% in 2023. Global semiconductor sales climbed 15.8% to $46.4 billion in April, rising monthly for the first time this year.
Microchip (MCHP) launches PIC64, transforming embedded computing with 64-bit RISC-V MPUs for real-time applications across various sectors.