Microchip earnings matched, revenue was in line with estimates

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Microchip sees Q2 2024 EPS of $1.60-$1.64 versus the analyst consensus of $1.63.

Microchip sees Q2 2024 revenue of $2.22B-$2.31B versus the analyst consensus of $2.28B.

Microchip’s stock price closed at $89.52. It is up 19.07% in the last 3 months and up 23.03% in the last 12 months.

Microchip saw 11 positive EPS revisions and 7 negative EPS revisions in the last 90 days. See Microchip’s stock price’s past reactions to earnings here.

According to InvestingPro, Microchip’s Financial Health score is “great performance“.

Check out Microchip’s recent earnings performance, and Microchip’s financials here.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar