Microchip (MCHP) Q1 Earnings Beat Estimates, Sales Decline Y/Y
MCHPMicrochip Technology(MCHP) ZACKS·2024-08-03 01:01

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 ...