Microchip Earnings Reports

Microchip Technology reported Q3 FY25 revenue of $1.026 billion, a 41.9% YoY decline. GAAP net loss was $53.6 million, while non-GAAP net income was $107.3 million. Adjusted EPS was $0.20, missing guidance. Operating income under GAAP was $30.9 million, with a 3.0% margin, while non-GAAP operating income stood at $210.7 million with a 20.5% margin.

Microchip Technology Incorporated reported net sales of $1.164 billion, a decrease of 6.2% sequentially and 48.4% year-over-year. GAAP EPS was $0.14, while non-GAAP EPS was $0.46. The results were impacted by an inventory correction and macro weakness.

Microchip Technology reported Q1 fiscal year 2025 results with net sales of $1.241 billion, a 45.8% decrease from the previous year. GAAP EPS was $0.24 per diluted share, while non-GAAP EPS was $0.53 per diluted share. The company returned $315.3 million to stockholders through dividends and stock repurchases and declared a record quarterly dividend for the September quarter.

Microchip Technology reported Q4 results with net sales of $1.326 billion, a 40.6% decrease from the prior year. GAAP EPS was $0.28, and non-GAAP EPS was $0.57. The company returned $629.9 million to shareholders through dividends and share repurchases and declared a record quarterly dividend of 45.2 cents per share for the June quarter.

Microchip Technology Incorporated reported a decrease in net sales and earnings per share (EPS) for the third quarter of fiscal year 2024, as compared to both the previous quarter and the same quarter last year. The company's performance was impacted by weaker demand, leading to customer shipment cuts and extended shutdowns to manage inventory.

Microchip Technology Incorporated reported Q2 2024 financial results with net sales of $2.254 billion, a decrease of 1.5% sequentially but an increase of 8.7% from the previous year. GAAP EPS was $1.21, and Non-GAAP EPS was $1.62. The company also declared a record quarterly dividend of 43.9 cents per share.

Microchip Technology reported record net sales of $2.289 billion for the first quarter of fiscal year 2024, a 16.6% increase from the prior year. The company achieved record GAAP EPS of $1.21 and non-GAAP EPS of $1.64. Amidst a weakening macro backdrop, Microchip continues to navigate a challenging market environment, focusing on supply chain normalization and assisting customers with inventory de-risking.

Microchip Technology Incorporated reported record net sales of $2.233 billion for the quarter ended March 31, 2023, up 21.1% from the year-ago quarter. On a non-GAAP basis, record EPS was $1.64 per diluted share. The company paid down $153.0 million of debt and returned approximately $469.8 million to shareholders through dividends and share repurchases.

Microchip Technology Incorporated announced record financial results for the third quarter of fiscal year 2023, with record net sales of $2.169 billion, up 4.6% sequentially and 23.4% from the year-ago quarter. The company achieved record GAAP gross margin, operating income, net income, and EPS, as well as record non-GAAP gross margin, operating income, net income, and EPS. Microchip paid down $719.1 million of debt and returned approximately $409.8 million to shareholders through dividends and share repurchases.

Microchip Technology Incorporated announced record financial results for the second quarter of fiscal year 2023. Record net sales were $2.073 billion, up 5.6% sequentially and up 25.7% from the year ago quarter. On a GAAP basis, the company reported record gross margin, operating income, net income, and EPS. The company also declared a record quarterly dividend of 32.8 cents per share.

Microchip Technology reported record net sales of $1.964 billion for the first quarter of fiscal year 2023, a 25.1% increase from the year-ago quarter. GAAP EPS was $0.90, and non-GAAP EPS was $1.37. The company also declared a record quarterly dividend of 30.1 cents per share.

Microchip Technology reported record net sales of $1.844 billion for the quarter ended March 31, 2022, up 25.7% from the year-ago quarter. GAAP EPS was $0.77 per diluted share, while non-GAAP EPS was a record $1.35 per diluted share. The company declared a record quarterly dividend of 27.6 cents per share, up 33.7% from the year-ago quarter.

Microchip Technology reported record net sales of $1.758 billion for the third quarter of fiscal year 2022, a 30.0% increase from the prior year's quarter. The company's GAAP EPS was $0.62 per diluted share, and non-GAAP EPS was $1.20 per diluted share, both exceeding guidance. Record quarterly dividend declared of 25.3 cents per share.

Microchip Technology reported record financial results for the second quarter of fiscal year 2022. Net sales reached a record $1.650 billion, up 26.0% year-over-year. Non-GAAP EPS also hit a record of $1.07 per diluted share.

Microchip Technology Incorporated reported record net sales of $1.569 billion, up 7.0% sequentially and up 19.8% from the year ago quarter, along with record gross margin, operating income, net income and EPS on both GAAP and Non-GAAP basis. The company also declared a record quarterly dividend of 43.7 cents per share.

Microchip Technology reported record financial results for the fourth quarter and fiscal year 2021. Record net sales of $1.467 billion, up 8.5% sequentially and up 10.6% from the year ago quarter. On a Non-GAAP basis: record gross margin of 64.1%; record operating income of $596.9 million and a record 40.7% of net sales; record net income of $521.4 million and record EPS of $1.85 per diluted share.

Microchip Technology Incorporated reported a 3.3% sequential growth in revenue, reaching $1.35 billion. The company achieved a record non-GAAP gross margin of 63% and a record non-GAAP operating margin of 39.8%. Non-GAAP EPS was $1.62, exceeding the midpoint of guidance. The board declared a record quarterly dividend of 39 cents per share.

Microchip Technology reported net sales of $1.31 billion, a slight decrease of 2.1% year-over-year. GAAP EPS was $0.27, while non-GAAP EPS reached $1.56, surpassing updated guidance. The company paid down $331.1 million in debt and declared a record quarterly dividend of 36.85 cents per share.

Microchip Technology Incorporated reported solid financial results for the first quarter of fiscal year 2021. The company's net sales reached $1.31 billion. GAAP EPS was $0.48, while non-GAAP EPS was $1.56. The company also declared a record quarterly dividend of 36.80 cents per share.

Microchip Technology Incorporated reported Q4 net sales of $1.326 billion, a slight decrease of 0.3% year-over-year, but a 3% sequential increase. GAAP EPS was $0.39, while non-GAAP EPS was $1.46. The company also declared a record quarterly dividend of 36.75 cents per share.

Microchip Technology Incorporated reported a decrease in net sales compared to the previous quarter and year-ago quarter. However, the company's net sales were near the high end of the updated guidance. The company experienced strong bookings activity and successfully reduced its debt by $257.0 million during the quarter.