- Results – revenue $873.8M (+52.6% Y/Y, $12.84M above estimates), EPS $0.94 ($0.07 above estimates), gross margin 57.2%, operating income $266.3M, net income from continuing operations $219.6M
- Dividend – Quarterly dividend of $0.3605 per share, payable on December 5 to shareholders on record November 21.
- Q3 projections – revenue $821.4M-$873.8M, gross margin 56.6%-57.2%, operating expenses 26.5%-27%, operating income 29.6%-30.7%, other expense $22.9M, income tax expense 8.5%-9.5%, net income $199.3M-$224.5M, EPS $0.85-$0.95
- Long term non-GAAP operating model of 59% gross margin, 33% operating income projected ahead of schedule with a March 2018 trajectory noted.
- Microchip Technology (NASDAQ:MCHP) share price summary – 1-month, +1.5%, 3-month, +10%, 1-year, +30%
- Prior quarters overview
- Conference call
- Press release
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Microchip Technology unchanged on above-consensus Q2
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