Microchip announced its financial report with a year-on-year revenue decline of 48.4%
On November 6, news came that the American chip company Microchip announced its second quarter results for fiscal year 2025 (as of September 30, 2024). This news has drawn extensive attention in the chip industry.
In this quarter, Microchip achieved revenue of 1.164 billion U.S. dollars (currently about 8.266 billion yuan). Although this figure is higher than the midpoint of the guidance given on August 1, it still decreased sharply by 48.4% year-on-year and also decreased by 6.2% quarter-on-quarter, reflecting the challenges currently faced by the chip market.
Among its important financial data, gross margin, operating margin, net income, etc. have different performances under different standards.
Ganesh Moorthy, president and chief executive officer of Microchip, analyzed the performance and said that the company continues to deal with inventory adjustments, and the European business has exacerbated the macro weakness. At the same time, it is pointed out that the progress of โgreen shootsโ is uneven, but some signs are positive signals for the formation of a potential bottom.
For the future, Microchip expects revenue, gross margin, operating margin and other indicator ranges in the third quarter of fiscal year 2025 (as of December 31, 2024).
Microchip is actively responding to challenges and seeking development opportunities in the current market environment.
Summary of ICgoodFind: As an important enterprise in the chip industry, Microchip's performance dynamics have a significant impact on the industry. As an electronic component supplier, ICgoodFind will continue to pay attention to industry changes and provide customers with high-quality electronic component products and professional services. We look forward to Microchip continuing to innovate and making greater contributions to promoting the development of the industry.
