Microchip Technology Inc

MCHP: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Microchip Earnings: Maintaining $81 Valuation Despite Weakness in Europe

Brian Colello , Jivyaa Vaidya

Nov 6, 2024

Wide-moat Microchip Technology reported modest second-quarter results that slightly exceeded expectations. However, the company issued a cautious outlook for the December quarter, citing ongoing weak macroeconomic conditions, particularly in Europe and the Americas. We maintain our $81 per share fair value estimate as we view the current weakness in industrial and automotive markets as cyclical rather than structural.

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Microchip Technology Inc

Microchip Earnings: Maintaining $81 Valuation Despite Weakness in Europe

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