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Microchip narrows Q1 EPS view to 22c-26c from 18c-26c, consensus 22c

Narrows FY25 revenue view to $1.05B-$1.07B from $1.03B-$1.07B, consensus $1.05B. Microchip (MCHP) updated the range of its prior guidance for net Sales and GAAP and non-GAAP earnings per share for its fiscal first quarter of 2026 ending June 30, 2025. Steve Sanghi, Microchip’s CEO and president, commented, “With almost two months of the quarter behind us, our business is performing better than we expected at the time of our May 8, 2025 earnings conference call. Our bookings activity for the month of May is tracking to be higher than any month in the last two years. We are gaining confidence in the recovery of our business as we execute on our strategic initiatives, reduce inventory levels and make progress towards our long-term business model.”

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