Microchip Technology (MCHP) Revenue — Quarter Ended Mar 31, 2023
Revenue increased compared to the prior quarter and rose sharply versus the same quarter last year. The company's trailing twelve-month revenue also grew.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q4
Revenue increased compared to the prior quarter and rose sharply versus the same quarter last year. The company's trailing twelve-month revenue also grew.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.2B
Revenue reported for this quarter.
Quarter-over-quarter
+2.9%
Change from the immediately preceding quarter.
Year-over-year
+21.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $2B | +25.1% |
| Sep 30, 2022 | $2.1B | +25.7% |
| Dec 31, 2022 | $2.2B | +23.4% |
| Mar 31, 2023 | $2.2B | +21.1% |
Revenue performance
The reported revenue for this quarter was higher than the immediately preceding quarter.
Quarterly comparison
Compared to the same quarter one year earlier, revenue showed a significant increase. The sequential growth was more modest.
What to watch
The filing context references risk factors and management discussion, but no specific causes for revenue changes are provided.