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Add as a preferred source on GoogleMicrochip Forecasts December-Quarter Revenue From Down 3% to Up 1%
The company also projected non-GAAP earnings per share of $0.87 to $0.95 and non-GAAP gross margin of 64% to 65%.
Microchip Technology Incorporated forecast that revenue in its December quarter could range from a 3% sequential decline to a 1% gain. The midpoint of the outlook implies a 1% decline from the September quarter.
The company projected non-GAAP earnings per share of $0.87 to $0.95 and non-GAAP gross margin of 64% to 65% for the December quarter.
Microchip’s September-quarter net sales totaled $1.622 billion. Several infrequent items contributed about $53 million to sales during the quarter.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.