Microchip Technology Inc <MCHP.OQ> expected to post earnings of 11 cents a share - Earnings Preview

• Microchip Technology Inc MCHP.OQ MCHP.O is expected to show a fall in quarterly revenue when it reports results on May 8 for the period ending March 31 2025

• The Chandler Arizona-based company is expected to report a 27.4% decrease in revenue to $962.756 million from $1.33 billion a year ago, according to the mean estimate from 18 analysts, based on LSEG data.The company's guidance on February 6 2025, for the period ended March 31, was for revenue between $920.00 million and $1.00 billion.

• ​LSEG's mean analyst estimate for Microchip Technology Inc is for earnings of 11 cents per share. The company's EPS guidance on February 6 2025, for the period ended March 31, was between $0.05 and $0.15

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell."

• The mean earnings estimate of analysts had fallen by about 1.8% in the last three months. ​

• Wall Street's median 12-month price target for Microchip Technology Inc is $60.00​, above​ its last closing price of $47.78. ​​​

The company's guidance on February 6 2025 for the period ended March 31 was for Earnings before Interest and Taxes between USD105.8 million and USD163 million.The company's guidance on February 6 2025 for the period ended March 31 was for Capital Expenditures of USD23 million.The company's guidance on February 6 2025 for the period ended March 31 was for gross profit margin between USD52% and USD54%.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

This summary was machine generated May 6 at 20:04 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)