Microchip Technology (MCHP) Reaffirms Q2 Guidance

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Go back to Microchip Technology (MCHP) Reaffirms Q2 Guidance

Microchip Technology Reaffirms Financial Guidance for Second Quarter Fiscal 2018

September 5, 2017 4:15 PM EDT

CHANDLER, Ariz., Sept. 05, 2017 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated (NASDAQ: MCHP), a leading provider of microcontroller, mixed signal, analog and Flash-IP solutions, today reaffirmed its financial guidance provided in its August 3, 2017 earnings press release and currently expects net sales of approximately $1,001.3 million, non-GAAP earnings per diluted share of $1.33 to $1.37 and GAAP earnings per diluted share of $0.74 to $0.78 for the September quarter.

The September 2017 quarter is comfortably tracking towards our guidance provided on August 3, 2017.  We are continuing to execute on the various initiatives that we expect to lead us to achieve... More