|Bid||84.29 x 800|
|Ask||85.90 x 900|
|Day's range||83.80 - 86.24|
|52-week range||54.33 - 87.76|
|Beta (5Y monthly)||1.59|
|PE ratio (TTM)||25.75|
|Earnings date||02 Feb 2023|
|Forward dividend & yield||1.31 (1.62%)|
|Ex-dividend date||21 Nov 2022|
|1y target est||96.00|
Microchip's (MCHP) third-quarter fiscal 2023 results reflect continued momentum in the microcontroller business despite the weaker business environment in China.
Microchip Tech (MCHP) delivered earnings and revenue surprises of 0.65% and 0.89%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Record net sales of $2.169 billion, up 4.6% sequentially and up 23.4% from the year ago quarter. The midpoint of our guidance provided on November 3, 2022 was net sales of $2.156 billion. On a GAAP basis: record gross margin of 67.8%; record operating income of $811.6 million and a record 37.4% of net sales; record net income of $580.3 million; and record EPS of $1.04 per diluted share. Our guidance provided on November 3, 2022 was for GAAP EPS of $1.03 to $1.07 per diluted share. On a Non-GAAP