Microchip Technology Releases Third Quarter Financial Report for Fiscal Year 2025

Microchip Technology Incorporated released its financial report for the third quarter of fiscal year 2025. The report showed that the company's revenue fell 41.9% year-on-year to $1.026 billion, slightly higher than the previous forecast midpoint of $1.025 billion. In addition, non-GAAP diluted earnings per share fell 81.5% year-on-year to $0.20, lower than the previous forecast of $0.25.