Microchip Technology Announces Financial Results for First Quarter of Fiscal Year 2021
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Microchip Technology (MCHP) Tops Q1 EPS by 13c; Guides In-Line
August 4, 2020 4:31 PM EDTMicrochip Technology (NASDAQ: MCHP) reported Q1 EPS of $1.56, $0.13 better than the analyst estimate of $1.43. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.28 billion.
"The June quarter demonstrated what the best of the Microchip culture and its employees represent," said Steve Sanghi, Chief Executive Officer. "Our global team all came together in the middle of a global pandemic, while working on a pay cut, and delivered superb performance during the quarter. I am proud of how rapidly the Microchip team adapted to the new constraints we faced so... More
