MCHP
Published on 05/07/2026 at 04:38 pm EDT
CHANDLER, Ariz. (AP) — CHANDLER, Ariz. (AP) — Microchip Technology Inc. (MCHP) on Thursday reported fiscal fourth-quarter net income of $144.2 million.
The Chandler, Arizona-based company said it had profit of 21 cents per share. Earnings, adjusted for one-time gains and costs, were 57 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The chipmaker posted revenue of $1.31 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $1.27 billion.
For the current quarter ending in June, Microchip Tech expects its per-share earnings to range from 67 cents to 71 cents.
The company said it expects revenue in the range of $1.44 billion to $1.47 billion for the fiscal first quarter.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MCHP at https://www.zacks.com/ap/MCHP
For copyright information, check with the distributor of this item, STATS Perform dba Automated Insights. , source Associated Press News