Microchip sees Q4 non-GAAP EPS 5c-15c, consensus 27c

Sees Q4 revenue $920M-$1.0B, consensus $1.05B. Capital expenditures for Q4 are expected to be about $23M. Capital expenditures for FY25 are expected to be about $135M. The company added, “Consistent with the slowing macroeconomic environment in fiscal 2025, we have paused most of our factory expansion actions and reduced our planned capital investments through fiscal 2026. However, we are adding capital equipment to selectively expand our production capacity and add research and development equipment.”