Microchip Technology Inc

MCHP: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$65.00	Jggv	Mcckgxcyv

Microchip Earnings: Cutting Fair Value to $81 From $90 as the Industrial Downturn Remains Stubborn

Brian Colello

Aug 2, 2024

Wide-moat Microchip Technology reported decent results for the June quarter but provided investors with a lackluster forecast for the September quarter, as the previously anticipated recovery in industrial chip demand isn’t taking hold just yet.

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