Benzinga | Nov 5, 2021 09:30AM EDT

Recap: Microchip Technology Q2 Earnings

Microchip Technology (NASDAQ:MCHP) reported its Q2 earnings results on Thursday, November 4, 2021 at 04:15 PM.

Here's what investors need to know about the announcement.

Earnings

Microchip Technology their estimated earnings by 0.94%, reporting an EPS of $1.07 versus an estimate of $1.06, which did not surprise analysts.

Revenue was up $340,000,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.03, which was followed by a 0.47% increase in the share price the next day.

Here's a look at Microchip Technology's past performance:



Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021EPS Estimate 0.96 0.87 0.79 0.72EPS Actual 0.99 0.93 0.81 0.78Revenue Estimate 1.55B 1.46B 1.36B 1.26BRevenue Actual 1.57B 1.47B 1.35B 1.31B

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