Microchip Tech (MCHP) Reports Q1 Earnings: What Key Metrics Have to Say
MCHPMicrochip Technology(MCHP) ZACKS·2024-08-02 07:00

For the quarter ended June 2024, Microchip Technology (MCHP) reported revenue of 1.24billion,down45.81.24 billion, down 45.8% over the same period last year. EPS came in at 0.53, compared to 1.64intheyear−agoquarter.ThereportedrevenuecomparestotheZacksConsensusEstimateof1.64 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 ...