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Barchart
Kritika Sarmah

Microchip Technology's Quarterly Earnings Preview: What You Need to Know

MCHP

Chandler, Arizona-based Microchip Technology Incorporated (MCHP) develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas and internationally. With a market cap of $40.4 billion, the company has two major product lines: Microcontrollers and Analog. 

MCHP is expected to report its Q1 earnings on Thursday, August 7, after the market closes. Ahead of the event, analysts expect MCHP to report an EPS of $0.17 per share, down 63.8% from a profit of $0.47 per share reported in the year-ago quarter. It has exceeded analysts' earnings estimates in three of the past four quarters, while missing on one occasion.

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