Microchip Technology (MCHP) posts record sales in fiscal Q2 2027, up 42% year over year
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. Net Sales: $1.622 billion, up 9.2% sequentially and up 42.2% year-over-year; included ~$53 million of infrequent items not expected to repeat. Non-GAAP Gross Margin: 66.5%, including $26.6 million in capacity underutilization charges.…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishRecord sales and earnings above guidance in semiconductors support the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Net sales were $1.622 billion, up 42.2% year over year.
- 02Non-GAAP EPS was $0.97, $0.04 above the midpoint of guidance.
- 03Cash flow from operations was $419.2 million.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets