Microchip Technology Inc
MCHP: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| S@F | LOCK|>< | LOCK|HW<<pk |
Microchip Earnings: Remains on the Road to Recovery; Maintaining $63 Fair Value Estimate
Microchip Technology reported fiscal first-quarter revenue of $1.08 billion, down 13% year over year but up 11% sequentially and above the high end of guidance. Microchip’s forecast for the September quarter calls for $1.13 billion of revenue, which would represent a 3% year-over-year decline
