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Microchip Technology | 10-Q: Q1 2025 Earnings Report

Microchip Technology | 10-Q: Q1 2025 Earnings Report

微芯科技 | 10-Q:2025财年一季报
美股SEC公告 ·  2024/08/02 04:19

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Microchip Technology reported Q1 fiscal 2025 revenue of $1.24 billion, down 45.8% year-over-year, as adverse economic conditions led to inventory reductions by customers. Net income fell to $129.3 million from $666.4 million last year. Gross margin declined to 59.4% from 68.1% due to lower sales volumes and unabsorbed capacity charges.The company saw decreases across all product lines and geographies. Mixed-signal microcontrollers, the largest segment, fell 50.5% to $644.7 million. Analog products dropped 47.8% to $330.6 million. Management cited slowing economic activity, business uncertainty, inflation, and higher interest rates as key factors impacting results.Despite headwinds, Microchip generated $377.1 million in operating cash flow. It paid $242.6 million in dividends and repurchased $72.7 million of stock. The company paused most factory expansion plans but expects to invest $125-175 million in equipment over the next year. Management remains focused on managing inventory levels and improving operational efficiency in the challenging environment.
Microchip Technology reported Q1 fiscal 2025 revenue of $1.24 billion, down 45.8% year-over-year, as adverse economic conditions led to inventory reductions by customers. Net income fell to $129.3 million from $666.4 million last year. Gross margin declined to 59.4% from 68.1% due to lower sales volumes and unabsorbed capacity charges.The company saw decreases across all product lines and geographies. Mixed-signal microcontrollers, the largest segment, fell 50.5% to $644.7 million. Analog products dropped 47.8% to $330.6 million. Management cited slowing economic activity, business uncertainty, inflation, and higher interest rates as key factors impacting results.Despite headwinds, Microchip generated $377.1 million in operating cash flow. It paid $242.6 million in dividends and repurchased $72.7 million of stock. The company paused most factory expansion plans but expects to invest $125-175 million in equipment over the next year. Management remains focused on managing inventory levels and improving operational efficiency in the challenging environment.
微芯科技报道2025财年第一季度营业收入为12.4亿美金,同比下降45.8%,因为经济形势不佳导致客户减少库存。净利润从去年的66640万降至12930万。毛利率由于销售量下降和未吸收入的产能费用而从68.1%降至59.4%。公司在所有产品线和地区均出现下降。混合信号微控制器作为最大细分市场下降50.5%,降至64470万。模拟产品下降47.8%,降至33060万。管理层指出,经济活动放缓、业务不确定性、通货膨胀和更高的利率期货是影响业绩的关键因素。尽管面临挑战,微芯科技仍生成了37710万的经营现金流。它支付了24260万的分红派息,并回购了7270万的股票。公司暂停了大多数工厂扩张计划,但预计在未来一年内投资12500-17500万用于设备。管理层仍专注于在充满挑战的环境中管理库存水平和提高运营效率。
微芯科技报道2025财年第一季度营业收入为12.4亿美金,同比下降45.8%,因为经济形势不佳导致客户减少库存。净利润从去年的66640万降至12930万。毛利率由于销售量下降和未吸收入的产能费用而从68.1%降至59.4%。公司在所有产品线和地区均出现下降。混合信号微控制器作为最大细分市场下降50.5%,降至64470万。模拟产品下降47.8%,降至33060万。管理层指出,经济活动放缓、业务不确定性、通货膨胀和更高的利率期货是影响业绩的关键因素。尽管面临挑战,微芯科技仍生成了37710万的经营现金流。它支付了24260万的分红派息,并回购了7270万的股票。公司暂停了大多数工厂扩张计划,但预计在未来一年内投资12500-17500万用于设备。管理层仍专注于在充满挑战的环境中管理库存水平和提高运营效率。
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