Microchip Technology announces second quarter financial results for fiscal year 2025, expects third quarter revenue and earnings per share to be lower than expected

Microchip Technology released its second quarter financial report for fiscal year 2025 after the U.S. stock market closed on November 5. The report showed that although the overall performance exceeded expectations, the company's financial forecast for the next quarter was not optimistic, causing its stock price to fall by more than 4% in after-hours trading. Specifically, Microchip's revenue in the second quarter was US$1.164 billion, a sharp year-on-year decrease of 48.4% and a month-on-month decrease of 6.2%, slightly higher than the midpoint of the forecast announced on August 1 (US$1.15 billion) and analysts' expectations of US$1.15 billion. In addition, earnings per share calculated in accordance with non-GAAP fell 71.6% year-on-year to US$0.46, which was at the upper end of the previous forecast range and exceeded analysts' expectations of US$0.43.