核心人事变动 - Ganesh Moorthy因65岁生日将于11月底退休卸任Microchip Technology Incorporated首席执行官总裁及董事会成员职位[1] - 董事会任命Steve Sanghi为临时首席执行官和总裁且他将继续担任董事会主席[1] - Steve Sanghi对Ganesh Moorthy过去23年的服务表示感谢[2] - Steve Sanghi期待再次担任首席执行官和总裁带领公司度过行业低迷期恢复营收和盈利增长提升股东价值[2] 公司概况 - 是智能、互联和安全嵌入式控制解决方案的领先供应商[1][6] - 拥有易用的开发工具和全面的产品组合能帮助客户优化设计降低风险、总成本和上市时间[6] - 为工业、汽车、消费、航空航天和国防、通信和计算市场的约116000名客户提供服务[6] - 总部位于亚利桑那州钱德勒提供出色的技术支持、可靠的交付和质量[6]

Microchip Technology (MCHP) is expanding its portfolio with a significant update to its IGBT 7 devices offered in different packages, multiple topologies, and current and voltage ranges. The new portfolio is tailored for high-growth sectors, including sustainability, e-mobility and data centers, and is designed to meet the growing demands for high efficiency, compact size and enhanced performance in power electronics. Designers can choose from IGBT 7 devices in standard D3 and D4 62 mm, and SP6C, SP1F and S ...

CHANDLER, Ariz., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Power components are evolving to meet the increasing demands for higher efficiency, smaller size and greater performance in power electronic systems. To provide system designers with a wide range of power solutions, Microchip Technology (Nasdaq: MCHP) today announces its portfolio of IGBT 7 devices offered in different packages, multiple topologies, and current and voltage ranges. Featuring increased power capability, lower power losses and compact device s ...

Have you assessed how the international operations of Microchip Technology (MCHP) performed in the quarter ended September 2024? For this chipmaker, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of growth. For ...

Microchip Technology Incorporated MCHP reported upbeat earnings for its second quarter on Tuesday.The company posted quarterly earnings of 46 cents per share which beat the analyst consensus estimate of 43 cents per share. The company reported quarterly sales of $1.164 billion which beat the analyst consensus estimate of $1.152 billion.“Our September quarter results were consistent with our guidance, as we continued to navigate through an inventory correction that’s occurring in the midst of macro weakness ...

Microchip Technology (MCHP) reported second-quarter fiscal 2025 non-GAAP earnings of 46 cents per share, which beat the Zacks Consensus Estimate by 6.98% but plunged 71.6% year over year.Net sales of $1.164 billion decreased 48.4% year over year, which surpassed the Zacks Consensus Estimate by 1.09%.The decline in sales was due to ongoing customer destocking and weak demand across end markets, particularly in the consumer and automotive sectors, with a sequential drop of nearly 22%.Following the results, Mi ...

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. Not only are the company’s mixed-signal semiconductor products critical to technology, but a rebound in demand is coming in 2025 that will be the beginning of a multi-year upcycle.  Microchip Technology ...

财务数据和关键指标变化 - 2025财年第二季度净销售额为11.64亿美元，较上季度下降6.2% [8] - 非GAAP毛利率为59.5%，包括2570万美元的产能未利用费用，若不考虑法律和解的影响，毛利率为59.1% [9][10] - 非GAAP净收入为2.502亿美元，稀释后每股收益为0.46美元，超出指导中点0.03美元 [10][29] - GAAP净收入为7840万美元，稀释后每股收益为0.14美元 [13] - 现金流来自经营活动为4360万美元，调整后的自由现金流为1400万美元 [17][18] - 截至2024年9月30日，库存余额为13.4亿美元，较上季度增加3160万美元，库存天数增加10天至247天 [15] 各条业务线数据和关键指标变化 - 在微控制器领域，新推出的dsPIC33A数字信号控制器核心推动了工业自动化和可再生能源系统的创新 [21] - 数据中心和网络业务中，PCIe开关和高性能PCIe SSD控制器已进入大规模生产，满足标准和AI加速服务器的高速度连接需求 [24][25] - 汽车领域，推出了支持扩展电缆链接的1000BASE-T1 PHYs和多千兆以太网交换机，支持下一代软件定义车辆 [26] 各个市场数据和关键指标变化 - 欧洲市场表现疲软，收入较上季度下降近22%，主要受工业和汽车市场影响 [31] - 大中华区（包括台湾和香港）相对稳定，未表现出与欧洲和美洲相同的疲软 [79] 公司战略和发展方向和行业竞争 - 公司正在战略性投资和推出创新技术，以捕捉新兴机会并推动长期价值创造 [20] - 公司对未来的信心来自于与客户的紧密联系，尽管当前面临库存调整和宏观经济不确定性 [56] 管理层对经营环境和未来前景的评论 - 管理层指出，所有地区和大多数终端市场都表现出不同程度的疲软，尤其是工业市场 [31] - 尽管面临低客户信心和不确定的商业前景，管理层认为市场将在2025年恢复 [43] 其他重要信息 - 公司在2024年9月季度向股东返还了2.61亿美元的资本，包括2.437亿美元的股息和1730万美元的股票回购 [44] - 公司预计2025财年的资本支出约为1.5亿美元，2026财年的资本支出将低于此水平 [19][99] 问答环节所有提问和回答 问题: 分销渠道何时恢复正常 - 管理层表示，分销渠道的库存去化速度较快，但恢复正常的时间取决于客户的需求信号和市场状况 [48][50] 问题: 未来的毛利率恢复情况 - 管理层指出，毛利率的恢复将取决于收入曲线的斜率，当前的产能未利用费用对毛利率产生了显著影响 [52][53] 问题: 行业周期的不同影响 - 管理层认为，当前的下行周期是不同步的，微控制器和工业市场受到的影响更大，但公司与客户的关系将帮助其度过这一周期 [55][56] 问题: 未来的定价压力 - 管理层承认，尽管存在定价压力，但长期定价相对稳定，主要影响毛利率的因素是产能未利用和库存准备 [72][141] 问题: CHIPS法案的进展 - 管理层表示，正在与政府进行最后的协议谈判，预计在12月底之前达成一致 [37][101]

Microchip Technology (MCHP) reported $1.16 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 48.4%. EPS of $0.46 for the same period compares to $1.62 a year ago.The reported revenue represents a surprise of +1.09% over the Zacks Consensus Estimate of $1.15 billion. With the consensus EPS estimate being $0.43, the EPS surprise was +6.98%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

业绩总结 - 第二季度GAAP收入为11.63亿美元，环比下降6.2%，同比下降48.4%[7] - 毛利率为59.5%，营业利润率为29.3%[7] - 每股收益为0.46美元，预计第三季度每股收益为0.30美元[10] - 调整后的TTM EBITDA为22亿美元，净债务与调整后EBITDA比率为2.85[7] - 总现金回报为2.61亿美元，其中2437万美元为股息，173万美元为股票回购[7] - 宣布第三季度每股股息为45.5美分，同比增长3.6%[7] 用户数据与市场表现 - 第二季度产品线收入中，其他产品占24%，混合产品占18%[5] - 公司在过去25个季度累计偿还约64亿美元债务[7] - 公司长期目标毛利率范围为67.5%至68.5%[10] - 公司专注于总系统解决方案（TSS）和增长领域，推动增长速度超过公司整体增长的2倍[15] 未来展望与财务策略 - 调整后的自由现金流（FCF）预计在2019财年到2025财年第二季度期间约为126亿美元[24] - 公司在过去25个季度中减少了债务21次，目前杠杆比率为2.85倍[24] - 公司已连续89个季度支付股息，并且每个季度都实现股息增长[24] - 2024财年总现金回报为18.9亿美元，同比增长15.4%[24] - 公司实施了40亿美元的股票回购计划[24] 新产品与技术研发 - 公司在多个市场中提供可扩展的计算解决方案，包括数据中心和工业[19] - 公司在智能边缘计算方面的处理性能范围从8位到64位[19] - 公司在自动驾驶和电动移动领域的战略重点包括ADAS和E-Mobility[18] 环境管理与社会责任 - 公司在环境管理方面关注废物减少、水管理和能源消耗[25] - 嵌入式处理市场总规模预计在40亿到50亿美元之间[23]