Monty Rakusen Investment summary My previous investment thought for Microchip (NASDAQ:MCHP) (published in late May this year) was a buy rating because my view was that the cyclical bottom is near and MCHP should see strong growth inflection soon. I am staying with a buy rating as I still expect a cyclical turnaround soon, most likely in 3Q25. I do not see any structural changes to the long-term demand outlook for microcontrollers, especially with the growing data center and AI demand. As MCHP continues ...

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. Still, the long-term outlook for semiconductor solutions is robust. Microchip Technology TodayMCHPMicrochip Technology$73.86 0.00 (0.00%) 52-Week Range$68.75▼$100.5 ...

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. To meet the growing market demands, Microchip Technology (NASDAQ:MCHP) has released the Flashtec® NVMe® 5016 Solid State Drive (SSD) controller. The 16-channel, PCIe® Gen 5 NVM Express® (NVMe) controller is designed to offer higher levels of bandwidth, security and flexibility. "Data ...

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 Ke ...

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 Ke ...

Microchip Technology (MCHP) reported first-quarter fiscal 2025 non-GAAP earnings of 53 cents per share, which beat the Zacks Consensus Estimate by 1.92% but declined 67.7% on a year-over-year basis.Net sales of $1.24 billion decreased 45.8% year over year and lagged the Zacks Consensus Estimate by 0.03%.Quarter in DetailSales from mixed signal microcontroller, analog and other accounted for 51.9%, 26.6% and 21.4% of net sales, respectively.Geographically, revenues from the Americas, Europe and Asia contribu ...

Microchip Technology Incorporated MCHP reported mixed first-quarter financial results on Thursday.Microchip Technology reported quarterly earnings of 53 cents per share which beat the analyst consensus estimate of 52 cents per share. The company reported quarterly sales of $1.241 billion which missed the analyst consensus estimate of $1.242 billion.“We delivered June 2024 quarterly results in line with our guidance as we continued to navigate a challenging macro environment in combination with our customers ...

财务数据和关键指标变化 - 2024年6月季度营收为12.41亿美元,环比下降6.4% [9] - 非GAAP毛利率为59.9%,接近指引中值,包括3600万美元的产能利用不足费用 [9] - 非GAAP营业费用占营收28.4%,非GAAP营业利润率31.5% [10] - 非GAAP净利润2.899亿美元,非GAAP每股收益0.53美元,超过指引中值1美分 [10] - GAAP毛利率59.4%,GAAP净利润1.293亿美元,GAAP每股收益0.24美元 [10] - 非GAAP税率13%,预计全年税率约13% [11] - 2024年6月30日存货13.08亿美元,环比下降800万美元,存货周转天数237天,环比增加13天 [12] - 2024年9月季度预计存货将小幅增加,存货周转天数将进一步增加 [13] - 2024年6月季度经营活动现金流3.771亿美元,自由现金流3.013亿美元 [14] - 2024年6月30日现金及投资余额3.151亿美元,总债务增加1.79亿美元,净债务增加1.836亿美元 [14] - 2024年6月季度EBITDA4.562亿美元,占营收36.8% [14] - 2024年6月30日净债务/EBITDA为2.02倍,较2023年6月30日的1.29倍有所上升 [15] - 2025财年资本支出预计约1.75亿美元,主要集中在第一季度 [15] 各条业务线数据和关键指标变化 - 公司未单独披露各业务线的数据和指标变化 [无] 各个市场数据和关键指标变化 - 美国和欧洲工业和汽车市场尤其疲弱 [22] - 航天航空和国防市场保持稳定,数据中心人工智能细分市场持续强劲 [21] - 亚洲市场相对较为稳定,中国和亚洲地区的表现优于美国和欧洲 [51][68] 公司战略和发展方向及行业竞争 - 公司宣布进入64位嵌入式微处理器市场,扩展32位产品线到更高性能和功能 [20] - 公司是唯一提供从8位到64位的嵌入式控制和处理平台,以及FPGA的公司,为客户提供统一的开发生态系统 [20][80] - 公司64位产品将拓展3-4十亿美元的总可用市场 [82] - 公司过去1年客户重新开始优先创新项目,设计赢单势头强劲,将带动长期增长 [27][28] 管理层对经营环境和未来前景的评论 - 公司正在经历一个前所未有的多年半导体周期,经历了供需失衡、产品短缺、库存修正等阶段 [31][32] - 公司收入下滑幅度高于竞争对手,反映了不同终端市场的影响时间不同、公司实施的非可取消订单计划不同、直销和渠道业务占比不同等因素 [31][32][33] - 从累计收入来看,公司与竞争对手的表现相当,未来有望出现更快增长 [32][33] - 公司保持专注于可控因素,相信长期增长、盈利和现金流特性仍然稳固 [34] 其他重要信息 - 公司董事会批准将季度股息增加10.7%至每股0.454美元 [35] - 公司将继续提高自由现金流的资本回报率,未来2个季度将达到100% [38] - 公司执行主席桑吉将于8月20日转任非执行主席,继续为公司提供支持 [39] 问答环节重要的提问和回答 问题1 **Timothy Arcuri 提问** 订单增长50%但仍然较弱,是否意味着订单量仍低于1倍? [41][42] **Ganesh Moorthy 回答** 订单量确实低于1倍,但正在逐步改善,只是进度不及预期 [42] 问题2 **Christopher Rolland 提问** 公司是否会继续减产,以及与晶圆代工商的谈判情况如何? [47][48][49] **Eric Bjornholt 和 Ganesh Moorthy 回答** 公司不会再有2周的晶圆厂停产,但仍会在组装测试环节进行调整。与晶圆代工商的谈判正在进行,以匹配供给和需求 [48][49] 问题3 **Tore Svanberg 提问** 是否看到客户由于资金约束而过度压缩库存? [53][54][55][56][57][58] **Ganesh Moorthy 和 Eric Bjornholt 回答** 确实看到很多客户由于不确定性而采取更保守的库存策略,这种情况在过去周期中也曾出现过,未来会逐步修正 [54][55][57][58]

For the quarter ended June 2024, Microchip Technology (MCHP) reported revenue of $1.24 billion, down 45.8% over the same period last year. EPS came in at $0.53, compared to $1.64 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.24 billion, representing a surprise of -0.03%. The company delivered an EPS surprise of +1.92%, with the consensus EPS estimate being $0.52.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.92%. A quarter ago, it was expected that this chipmaker would post earnings of $0.57 per share when it actually produced earnings of $0.57, delivering no surprise.Over the last four quarters, the company has ...