Future Growth ProspectsMicrochip Technology is expected to be well-positioned for a recovery in the second half of 2025 as customer inventory digestion and low utilization could drive future growth.
Inventory ManagementRequests for cancellations subsided in the quarter while expedites increased, pointing to a possible bottoming out in customer inventory levels.
Sales And Earnings GrowthAnalyst reiterates a Buy rating on MCHP, anticipating one of the biggest sales and EPS growth during inventory replenishment.