earnings
confidence high
sentiment positive
materiality 0.80
Microchip Q4 net sales $1.844B record; EPS beat guidance; dividend up 9%
MICROCHIP TECHNOLOGY INC
2022-FY EPS reported
$2.27
revenue$6,820,900,000
- Q4 net sales $1.844B record, up 4.9% sequentially and 25.7% YoY, above midpoint guidance of $1.819B.
- GAAP EPS $0.77 diluted; Non-GAAP EPS $1.35 diluted, both above guidance ranges ($0.66-$0.68 and $1.22-$1.28).
- Record GAAP gross margin 66.2%, Non-GAAP 66.6%; record operating income $549.5M GAAP, $824.9M Non-GAAP.
- Record quarterly dividend $0.276/share, up 9.1% sequentially and 33.7% YoY; paid down $205.9M debt in Q4.
- Repurchased $259.6M (3.6M shares) in Q4 under $4.0B buyback program; FY2022 net sales record $6.821B.