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Microchip Technology Q4 2023 Earnings Report

Microchip Technology logo
$58.51 +0.54 (+0.93%)
As of 01/21/2025 04:00 PM Eastern

Microchip Technology EPS Results

Actual EPS
$1.56
Consensus EPS
$1.55
Beat/Miss
Beat by +$0.01
One Year Ago EPS
N/A

Microchip Technology Revenue Results

Actual Revenue
$2.23 billion
Expected Revenue
$2.22 billion
Beat/Miss
Beat by +$11.83 million
YoY Revenue Growth
N/A

Microchip Technology Announcement Details

Quarter
Q4 2023
Time
N/A

Conference Call Resources

Conference Call Audio

Slide Deck

Microchip Technology Earnings Headlines

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Microchip price target lowered to $70 from $90 at KeyBanc
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About Microchip Technology

Microchip Technology (NASDAQ:MCHP) engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications. It also provides analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, discrete diodes, and metal oxide semiconductor field effect transistors (MOSFETS), radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products; field-programmable gate array (FPGA) products; and application development tools that enable system designers to program microcontroller, FPGA, and microprocessor products for specific applications. In addition, the company offers serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, serial static random access memories, and serial electrically erasable random access memories for the production of very small footprint devices; and licenses its SuperFlash embedded flash and non-volatile memory technologies to foundries, integrated device manufacturers, and design partners for use in the manufacture of microcontroller products, gate array, RF, analog, and neuromorphic compute products that require embedded non-volatile memory, as well as provides engineering services. Further, it offers wafer foundry and assembly, and test subcontracting manufacturing services; and timing systems products, application specific integrated circuits, and aerospace products. The company was incorporated in 1989 and is headquartered in Chandler, Arizona.

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