Microchip (MCHP) Q4 Earnings Meet Estimates, Sales Decline Y/Y
MCHPMicrochip Technology(MCHP) Zacks Investment Research·2024-05-08 01:36

Microchip Technology (MCHP) reported fourth-quarter fiscal 2024 non-GAAP earnings of 57 cents per share, which was in line with the Zacks Consensus Estimate but declined 65.2% on a year-over-year basis. Net sales of $1.33 billion decreased 40.6% year over year and lagged the Zacks Consensus Estimate by 0.09%. Quarter in Detail Sales from mixed signal microcontroller, analog and other accounted for 52.5%, 24.8% and 22.7% of net sales, respectively. Geographically, revenues from the Americas, Europe and Asia ...