
Microchip Earnings: Supply Constraints Appear to Be Capping Some Upside; Maintain $80 Fair Value
Microchip Technology reported fiscal second-quarter revenue of $1.62 billion, up 42% year over year and ahead of guidance. Microchip expects December-quarter revenue of $1.61 billion, up 35% year over year but below FactSet consensus estimates of $1.63 billion.