Recap: Microchip Technology Q4 Earnings

Microchip Technology MCHP reported its Q4 earnings results on Thursday, May 4, 2023 at 04:15 PM.

Here's what investors need to know about the announcement.

Microchip Technology beat estimated earnings by 1.23%, reporting an EPS of $1.64 versus an estimate of $1.62.

Revenue was up $388.70 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 0.96% increase in the share price the next day.

Here's a look at Microchip Technology's past performance:

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	1.55	1.44	1.34	1.25
EPS Actual	1.56	1.46	1.37	1.35
Revenue Estimate	2.15B	2.06B	1.95B	1.82B
Revenue Actual	2.17B	2.07B	1.96B	1.84B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Microchip Technology management provided guidance for Q1 2024, expecting earnings between $1.63 and $1.65 per share.

To track all earnings releases for Microchip Technology visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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