Microchip Technology Inc. Stock Price, News & Analysis

Microchip Technology (Nasdaq: MCHP) and Acacia have demonstrated the fourth generation of interoperability between Microchip's META-DX2 Ethernet PHY family and Acacia's Coherent Interconnect Module 8 (CIM 8). This collaboration aims to enable optimized terabit-scale data center interconnect systems, addressing the increasing bandwidth requirements between data centers. The interoperable devices offer three key benefits:

1. Optimized DCI bandwidth through Lambda Splitting feature
2. Reduced design risk with verified SerDes interoperation
3. Better support for full bandwidth, multi-rate operation

This partnership helps accelerate and optimize the build-out of cloud computing and AI-ready optical networks while reducing development risk for customers.

Microchip Technology (Nasdaq: MCHP) has unveiled three flexible and scalable Electric Vehicle (EV) Charger Reference Designs to accelerate market adoption and reduce time to market for manufacturers. The designs include:

1. Single-Phase AC Residential
2. Three-Phase AC Commercial with OCPP and SoC
3. Three-Phase AC Commercial with OCPP and Display

These reference designs offer complete hardware files, source code, and software stacks compliant with communication protocols like OCPP. They feature integrated safety measures, energy metering, and scalability options for various markets. Microchip provides most active components, streamlining integration and offering comprehensive support to manufacturers.

Microchip Technology (Nasdaq: MCHP) has introduced the Flashtec NVMe 5016 SSD controller, a 16-channel PCIe Gen 5 NVMe controller designed to meet growing data center demands. Key features include:

- High performance: Over 14 GB/s sequential read and 3.5M IOs/s random read
- Power efficiency: 2.5 GB of data per watt
- Advanced security: Secure Boot, dual signature authentication, and FIPS 140-3 Level 2 compliance
- Flexibility: Support for QLC, TLC, and MLC NAND technologies
- Enhanced reliability: Advanced error correction and RAID techniques

The controller is optimized for AI, cloud computing, and enterprise applications, offering increased bandwidth, security, and flexibility for data centers.

Microchip Technology (NASDAQ:MCHP), a leader in embedded control solutions, has announced its participation in the KeyBanc Capital Markets Technology Leadership Forum. The presentation is scheduled for Monday, August 5, 2024, at 10:00 a.m. Mountain Time.

Eric Bjornholt, Senior Vice President and Chief Financial Officer, will be representing the company. Interested parties can access a live webcast of the presentation through KeyBanc's platform, which will also be available on Microchip's official website at www.microchip.com.

This event provides an opportunity for investors and analysts to gain insights into Microchip's strategies, market position, and financial outlook directly from a top executive.

Microchip Technology (NASDAQ: MCHP) has increased its quarterly cash dividend by 10.7% year-over-year to 45.4 cents per share, payable on September 5, 2024, to stockholders of record on August 22, 2024. This marks the 82nd dividend increase since its inception and the 88th consecutive quarter of dividend payments. Despite challenging market dynamics, the company's financial performance in June 2024 met expectations. Microchip remains committed to returning 100% of its adjusted free cash flow to shareholders by the March 2025 quarter through dividends and share repurchases, demonstrating confidence in its cash-generating capabilities.

Microchip Technology (NASDAQ: MCHP) announced its financial results for the first quarter of Fiscal Year 2025, showing net sales of $1.241 billion, a 6.4% sequential decline and 45.8% drop from the previous year.

On a GAAP basis, the company reported a gross profit margin of 59.4%, operating income of $219.1 million, net income of $129.3 million, and EPS of $0.24. Non-GAAP figures included a gross profit margin of 59.9%, operating income of $390.5 million, net income of $289.9 million, and EPS of $0.53.

Microchip returned $315.3 million to shareholders through dividends and stock repurchases and declared a record quarterly dividend of 45.4 cents per share, a 10.7% increase year-over-year. Despite macroeconomic challenges and inventory corrections, the company remains optimistic about long-term growth driven by its diverse portfolio and strategic cost management.

Microchip Technology (Nasdaq: MCHP) has launched its dsPIC33A Core family of Digital Signal Controllers (DSCs). These DSCs feature a 32-bit CPU architecture with a 200 MHz operating speed, a Double-Precision Floating-Point Unit (DP FPU), and DSP instructions for complex control algorithms. Key features include:

- Improved math and data processing
- Higher code efficiency
- Faster context switching and reduced latency
- Enhanced peripherals for motor control and digital power conversion
- Integrated analog peripherals and Core Independent Peripherals (CIPs)
- Flash security capabilities

The first family, dsPIC33AK128MC1xx, includes 128 KB Flash and various package options. Pricing starts at less than $1 USD in high volumes.

Microchip Technology has launched the PIC64 High-Performance Spaceflight Computing (PIC64-HPSC) microprocessors, targeting NASA and the defense and commercial aerospace sectors. The new MPUs, featuring RISC-V CPUs with vector-processing extensions, cater to AI/ML applications and boast a range of unprecedented capabilities for space applications, including 64-bit architecture, high-speed network connectivity, low-latency data transfers, and platform-level security.

Microchip is also building a partner ecosystem to speed up system development, including Single-Board Computers and software partnerships. The PIC64-HPSC family supports various autonomous space missions, addressing the unique needs of both deep-space and Low Earth Orbit (LEO) operations with radiation and fault tolerance capabilities.

The space hardware and services market, estimated by the World Economic Forum to grow at a 7% CAGR, is forecast to reach $755 billion by 2035, underlining the significance of Microchip's new offerings in this expanding sector.

Microchip Technology (Nasdaq: MCHP) has launched its new PIC64 portfolio, starting with the PIC64GX MPU, a 64-bit RISC-V quad-core processor. This processor is designed for real-time, compute-intensive applications such as smart embedded vision and Machine Learning (ML).

The PIC64GX targets a wide range of markets including industrial, automotive, communications, IoT, aerospace, and defense. It features Asymmetric Multiprocessing (AMP) and deterministic latencies, aimed at enhancing intelligent edge designs. Additionally, the portfolio includes the PIC64 High-Performance Spaceflight Computing (HPSC) family, which promises over 100 times the compute performance for aerospace and defense applications.

Microchip's comprehensive ecosystem of tools and software supports these new products, facilitating quicker design, development, and validation processes. The PIC64GX Curiosity Evaluation Kit is now available for designers to start evaluations.