Microchip Technology Inc

MCHP: XNAS (USA)
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Microchip Earnings: Chip Recovery Is Ongoing but Some Bumpiness Along the Way

Microchip Technology reported fiscal second-quarter revenue of $1.14 billion, down 2% year over year but up 6% sequentially and toward the high end of guidance—its forecast for the December quarter of $1.129 billion would be up 10% year over year but below FactSet consensus estimates.

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