---
schema_version: "secwatch.filing_event.v1"
accession: "0000827054-24-000010"
form_type: "8-K"
ticker: "MCHP"
cik: "0000827054"
company_name: "MICROCHIP TECHNOLOGY INC"
filed_at: "2024-01-08T23:59:59+00:00"
generated_at: "2026-06-07T02:44:49.505372+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Microchip warns Q3 revenue down ~22% sequentially, worse than guided 15-20%

## Summary
- Preliminary revenue for Q3 FY2024 (Dec 2023) down ~22% sequentially, vs prior guidance of down 15-20%.
- CEO cites weakening economy, customers de-risking inventory, and extended year-end shutdowns.
- Certain planned backlog did not ship by quarter end; full results to be reported on Feb 1, 2024.
- No absolute revenue figure provided; preliminary estimate based on current information.

## SEC filing metadata
- accession: 0000827054-24-000010
- form_type: 8-K
- ticker: MCHP
- cik: 0000827054
- company_name: MICROCHIP TECHNOLOGY INC
- filed_at: 2024-01-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827054/000082705424000010/0000827054-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827054/000082705424000010/mchp-20240108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000827054-24-000010
- JSON: https://secwatch.observer/filing/0000827054-24-000010.json
- Plain text: https://secwatch.observer/filing/0000827054-24-000010.txt

## Key facts
- Earnings Releases
  MICROCHIP TECHNOLOGY INC reported preliminary financial results for third quarter of fiscal year 2024 ended December 31, 2023.
  - Period: third quarter of fiscal year 2024 ended December 31, 2023
  - Result: preliminary results
  source text: we announced our preliminary revenue results for the third quarter of fiscal year 2024 ended December 31, 2023. The complete release is attached to this report as Exhibit 99.1.
  evidence_url: https://www.sec.gov/Archives/edgar/data/827054/000082705424000010/0000827054-24-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.