- Microchip has seen revenue come under pressure for several quarters, but it's now calling for the bottom in its outlook with revenue growth set to take off in CY2021.
- Microchip sees an increasing order backlog as evidence of an impending upturn, but there may be more than meets the eye to recent ordering patterns.
- A combination of factors conspired to put Microchip in a difficult position with debt servicing at the top of the list.
- Microchip may have set in motion a future correction, at a time when it needs growth to get out of the predicament it's been in for the last 2-3 years.
For further details see:
Why Microchip Technology Incorporated May Not Be A Long Even If It Believes The Bottom Is In