MCHP - Microchip Technology Non-GAAP EPS of $1.35 beats by $0.10 revenue of $1.84B beats by $20M

Microchip Technology press release (NASDAQ:MCHP): Q4 Non-GAAP EPS of $1.35 beats by $0.10. Revenue of $1.84B (+25.2% Y/Y) beats by $20M. Non-GAAP gross margin of 66.6% Adjusted operating income of $824.9M Shares +2%. Q1 2023 Guidance: Net Sales between $1.918 to $1.992 billion vs. consensus of $1.86B; Non-GAAP gross margin of 66.8% to 67.2%; GAAP EPS between $0.85 to $0.86; and Non-GAAP EPS to be in the range of $0.47 to $0.50 vs. consensus of $1.28. "At the mid-point of our guidance for the June quarter, net sales will be 24.6% higher than the year ago quarter," company statement.

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Microchip Technology Non-GAAP EPS of $1.35 beats by $0.10, revenue of $1.84B beats by $20M