BUZZ-Microchip slips after forecasting Q4 net sales, profit below estimates

Reuters

Feb 07, 2025

BUZZ-Microchip slips after forecasting Q4 net sales, profit below estimates

** Chipmaker Microchip Technology's MCHP.O shares fall 6.5% to $49.66 premarket

** Co expects Q4 net sales of $920 mln to $1 bln, compared with analysts' average estimate of $1.06 bln, according to data compiled by LSEG

** Co sees adjusted profit per share between 5 cents and 15 cents vs estimates of 27 cents - LSEG

** Excluding one-off items, co reports Q3 EPS of 20 cents, below estimates of 27 cents, which aligns with their November warning of lower Q3 revenue and profit

** Peer NXP Semiconductors NXPI.O forecast downbeat Q1 rev on Monday, indicating sluggish demand for its chips from industrial and automotive customers

** Average rating of 25 brokerages covering MCHP is "buy", their breakdown is 17 "buy" or higher, seven "hold" and one "sell"; their median PT $69 - LSEG

** MCHP fell 36.4% in 2024; as of last close, shares down 7.4% YTD

(Reporting by Sanchayaita Roy in Bengaluru)

((sanchayaita.roy@thomsonreuters.com))

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their median PT $69 - LSEG** MCHP fell 36.4% in 2024; as of last close, shares down 7.4% YTD  ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"NXPI":"恩智浦","MCHP":"微芯科技"},"translate_title":"BUZZ-Microchip在预测第四季度净销售额和利润低于预期后股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NXPI":0.9,"MCHP":0.9},"content_text":"BUZZ-Microchip slips after forecasting Q4 net sales, profit below estimates** Chipmaker Microchip Technology's MCHP.O shares fall 6.5% to $49.66 premarket ** Co expects Q4 net sales of $920 mln to $1 bln, compared with analysts' average estimate of $1.06 bln, according to data compiled by LSEG** Co sees adjusted profit per share between 5 cents and 15 cents vs estimates of 27 cents - LSEG** Excluding one-off items, co reports Q3 EPS of 20 cents, below estimates of 27 cents, which aligns with their November warning of lower Q3 revenue and profit** Peer NXP Semiconductors NXPI.O forecast downbeat Q1 rev on Monday, indicating sluggish demand for its chips from industrial and automotive customers** Average rating of 25 brokerages covering MCHP is \"buy\", their breakdown is 17 \"buy\" or higher, seven \"hold\" and one \"sell\"; 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