Analysts forecast a 36.4% revenue jump to $1.46B and EPS of $0.70 for Microchip Technology’s first quarter.
Microchip Technology (MCHP) will release its first-quarter earnings on Thursday following the market close. Wall Street anticipates earnings per share of $0.70 and a 36.4% year-over-year revenue increase to $1.46 billion.
The expected revenue growth follows a strong demand trend in semiconductor markets, driven by automotive and industrial sectors. Prior quarter results showed a 29.8% revenue rise, with EPS at $0.68, slightly below this quarter’s consensus estimate.
No immediate market reaction details are available ahead of the release.