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Barchart
Neharika Jain

Microchip Technology Earnings Preview: What to Expect

Microchip Technology MCHP

Arizona-based Microchip Technology Incorporated (MCHP) develops, manufactures, and sells smart, connected, and secure embedded control solutions for automotive, industrial, computing, communications, lighting, power supplies, motor control, human-machine interface, security, wired connectivity, and wireless connectivity applications. Valued at a market cap of $30 billion, the company is expected to release its fiscal Q3 earnings results on Thursday, Feb. 6. 

Prior to this event, analysts projected the tech company to report a profit of $0.22 per share, down by a massive 78.2% from $1.01 per share in the year-ago quarter. The company has met or beaten Wall Street's bottom-line estimates in each of the last four quarters. Its adjusted EPS of $0.46 per share in the previous quarter outpaced the consensus estimates by 7%.

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