Microchip Technology Sees Drop in After-Hours Trading Following Q1 2025 Guidance Release

Microchip Technology (NASDAQ:MCHP) saw a nearly 5% drop in after-hours trading due to lower-than-expected fiscal Q1 2025 guidance. Despite meeting Q4 2024 projections, the company anticipates lower EPS and revenue for the upcoming quarter. President and CEO Ganesh Moorthy highlighted challenges faced in fiscal 2024 but emphasized the commitment to capital return program, aiming to return 100% of adjusted free cash flow to shareholders by the end of the current fiscal year.