Microchip Technology (MCHP) Tops Q3 EPS by 3c
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Microchip Technology Announces Record Financial Results for Third Quarter of Fiscal Year 2022
February 3, 2022 4:15 PM ESTRecord net sales of $1.758 billion, up 6.5% sequentially and up 30.0% from the year ago quarter. The midpoint of our guidance provided on November 4, 2021 was net sales of $1.749 billion.On a GAAP basis: record gross margin of 65.6%; record operating income of $515.0 million and 29.3% of net sales; net income of $352.8 million; and EPS of $0.62 per diluted share. Our guidance provided on November 4, 2021 was for GAAP EPS of $0.58 to $0.60 per diluted share. Our guidance did not include the $16.1 million loss on debt settlement associated with our debt refinancing... More
