Inventory Reduction, Operational Restructuring, and Signs of Recovery
Analog chipmaker Microchip Technology (NASDAQ:MCHP) beat Wall Street’s revenue expectations in Q1 CY2025, but sales fell by 26.8% year on year to $970.5 million. On top of that, next quarter’s revenue guidance ($1.05 billion at the midpoint) was surprisingly good and 5.1% above what analysts were expecting. Its non-GAAP profit of $0.11 per share was
