Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Microchip (MCHP)
NASDAQ:MCHP
Holding MCHP?
Track your performance easily
Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$0.29Last Year’s EPS
$1.08Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -25.57%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Negative
The earnings call highlighted Microchip's strategic innovations and capital returns to shareholders, but these were overshadowed by significant revenue declines, inventory challenges, and external market weaknesses, particularly in Europe. The company's ongoing efforts in innovation and key sector strength are positives, but the current macroeconomic environment and inventory destocking present significant hurdles.Company Guidance
During the recent earnings call for Microchip's Q2 fiscal year 2025, the company provided guidance for the upcoming quarter, projecting net sales between $1.025 billion and $1.095 billion. Non-GAAP gross margins are expected to range from 57% to 59%, while operating expenses are forecasted to be between 33.2% and 34.8% of sales. The non-GAAP operating profit is projected to be between 22.2% and 25.8% of sales, with diluted earnings per share estimated to range from $0.25 to $0.35. The call also highlighted ongoing challenges in the business environment, including macroeconomic uncertainties and inventory corrections, particularly in the industrial and automotive sectors in Europe. The company is managing costs with lower factory utilization rates and paused capacity expansions, while also preparing for a potential market recovery in 2025.Settlement Boosts Revenue
The settlement of a legal matter with a licensee contributed $13.3 million to revenue and gross profit in the September quarter.
Innovation in High-Growth Sectors
Microchip is launching innovative technologies in areas like microcontrollers, industrial automation, and clean energy, positioning itself strongly in growing markets.
Capital Return to Shareholders
Microchip returned $261 million to shareholders through dividends and stock repurchases, maintaining a consistent capital return strategy.
AI and Defense Market Strength
Despite overall weakness, the aerospace and defense sectors, along with the AI subset of data centers, continue to show growth.
---
MCHP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
MCHP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $74.58 | $73.24 | -1.80% |
| Aug 01, 2024 | $83.33 | $74.50 | -10.60% |
| May 06, 2024 | $92.17 | $90.50 | -1.81% |
| Feb 01, 2024 | $83.75 | $82.42 | -1.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Microchip (MCHP) report earnings?
Microchip (MCHP) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Microchip (MCHP) earnings time?
Microchip (MCHP) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MCHP EPS forecast?
MCHP EPS forecast for the fiscal quarter 2025 (Q3) is $0.29.
---