Microchip Technology Announces Financial Results for First Quarter of Fiscal Year 2027
· manilatimes.net
Net sales of $1.485 billion, increased38.0%from the year-ago quarter and up13.2%sequentially. The midpoint of our guidance provided on May 7, 2026 was net sales of $1.456 billion.On a GAAP basis: gross profit of 63.2%; operating income of $336.8 million and 22.7% of net sales; net income attributable to common stockholders of $202.0 million; and EPS of $0.37 per diluted share. Our guidance provided on May 7, 2026 was GAAP EPS per diluted share of $0.28 to $0.29.On a Non-GAAP basis: gross profit of 63.8%; operating income of $521.1 million and 35.1% of net sales; net income of $438.6 million; and EPS of $0.76 per diluted share. Our guidance provided on May 7, 2026 was Non-GAAP EPS per diluted share of $0.67 to $0.71.Returned approximately $246.9 million to common stockholders in the Junequarter through dividends.Quarterly dividend on common stock declared for the September quarter of 45.5 cents per share.Continued balance sheet deleveraging with approximately $170 million reduction in net debt during the June quarter. CHANDLER, Ariz., Aug. 06, 2026 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today reported results for the three months ended June 30, 2026.
Net sales of $1.485 billion , increased 38.0% from the year-ago quarter and up 13.2% sequentially. The midpoint of our guidance provided on May 7, 2026 was net ...