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Mar 31, 2020
Microchip Q4 2020 Earnings Report
Financial results for Q4 and fiscal year 2020 were announced.
Key Takeaways
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.
Net sales reached $1.326 billion, a 3% sequential increase.
GAAP EPS was $0.39, and non-GAAP EPS was $1.46.
The company declared a record quarterly dividend of 36.75 cents per share.
Debt was reduced by $236.0 million in the quarter, with a cumulative reduction of $2.222 billion over the last seven quarters.
Forward Guidance
Microchip expects net sales for the June quarter to be down between 2% and 10% sequentially, due to supply chain disruptions, customer factory closures and demand destruction caused by the COVID-19 pandemic.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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