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Sep 30, 2024
Microchip Q2 2025 Earnings Report
Reported financial results for the second quarter of fiscal year 2025.
Key Takeaways
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.
Net sales were $1.164 billion, down 6.2% sequentially and 48.4% from the year ago quarter.
GAAP EPS was $0.14 per diluted share.
Non-GAAP EPS was $0.46 per diluted share.
Returned approximately $261.0 million to stockholders through dividends and stock repurchase.
Forward Guidance
For the December quarter, Microchip expects net sales between $1.025 billion and $1.095 billion.
Positive Outlook
- Net Sales between $1.025 to $1.095 billion
- GAAP Gross Profit 56.2% to 58.1%
- Non-GAAP Gross Profit 57.0% to 59.0%
- GAAP Operating Income 4.8% to 9.1%
- Non-GAAP Operating Income 22.2% to 25.8%
Challenges Ahead
- GAAP Net Income (loss) ($21.1) to $16.5 million
- Earnings (Loss) per Diluted Share ($0.04) to $0.03
- Macro uncertainties
- Historically seasonally weakest quarter
- GAAP Operating Expenses 49.1% to 51.4%
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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