Microchip Technology Inc

MCHP: XNAS (USA)
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Microchip Earnings: Strong September Forecast as Chip Demand Roars Back; Maintain $80 FVE

Microchip Technology reported fiscal first-quarter revenue of $1.485 billion, up 38% year over year and above the high end of guidance. Microchip expects September-quarter revenue of $1.6035 billion, which would be up 41% year over year and ahead of FactSet consensus estimates.

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