MCHP - Microchip Technology Non-GAAP EPS of $1.37 beats by $0.03 revenue of $1.96B beats by $10M

• Microchip Technology press release ( NASDAQ: MCHP ): Q1 Non-GAAP EPS of $1.37 beats by $0.03 .
• Revenue of $1.96B (+25.1% Y/Y) beats by $10M .
• On a GAAP basis: record gross margin of 66.7%; record operating income of $701.3 million
• Record cash flow from operations of $840.4 million.
• Q2 2023 Guidance: Sales to range between $2.023 to $2.101B vs. consensus of $1.97B ; Non-GAAP gross margins of 67.3% to 67.7%; Non-GAAP Operating Income of $220.5 to $225.5 million; GAAP EPS of $0.94 to $0.95; and Non-GAAP EPS of $1.42 to $1.46 vs. consensus of $1.37
• Shares -1.3% .

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