Microchip Technology Inc. (MCHP) shares rose 22.8% in after-hours trading following the company’s announcement of a revised full-year revenue outlook that significantly exceeded analyst expectations. The upward revision reflects strong demand across industrial, automotive, and communications markets.
- MCHP shares rose 22.8% following the earnings release and updated guidance.
- Fiscal year 2025 revenue forecast increased to $7.2B–$7.4B from $6.9B–$7.1B.
- Third-quarter revenue reached $1.83 billion, exceeding consensus by $50 million.
- Growth driven by strong demand in industrial, automotive, and communications sectors.
- Operating margin expanded to 42.3% in the quarter, up from 40.1% a year earlier.
- The company reported GAAP net income of $774 million, or $1.53 per share, versus $693 million ($1.36 per share) in the prior-year quarter.
Microchip Technology Inc. (MCHP) posted a 22.8% jump in share price after reporting a positive outlook for fiscal year 2025, citing stronger-than-expected demand across key end markets. The company revised its projected revenue range to $7.2 billion to $7.4 billion, up from the prior guidance of $6.9 billion to $7.1 billion. This adjustment reflects robust performance in the third quarter, where revenue reached $1.83 billion, surpassing the consensus estimate of $1.78 billion by 2.8%.