Microchip Technology Provides December Quarter Revenue Guidance and EPS Targets
Microchip Technology (MCHP) has issued its financial guidance for the upcoming December quarter, projecting revenue to fluctuate between a 3% decrease and a 1% increase compared to previous periods. The company is also targeting non-GAAP earnings per share (EPS) in the range of $0.87 to $0.95. In the most recent September quarter, Microchip reported net sales of $1.622 billion. Management noted that this figure included several infrequent items that positively impacted net sales by approximately $53 million, which are not expected to recur in future quarters.
Tickers: $MCHP
Topics: earnings report financial results net sales
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