Previous guidance was a FY22-FY26 CAGR of 10%-15%. Now sees LT gross margins of 65% vs. prior view of 67.5%-68.5%, with operating expenses of 25% vs. prior view of 22.5%-23.5%, and operating margins of 40% vs. previous view of 44%-46%. Guidance taken from Microchip’s (MCHP) business update call. Shares of Microchip are down 1.7% to $57.86 in early trading.
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