Microchip Technology (MCHP) Revenue — Quarter Ended Sep 30, 2024
Microchip Technology's revenue declined in the current quarter. The drop was substantial compared to the same quarter a year earlier.
Key takeaway
Quarter ended Sep 30, 2024 · FY2025 Q2
Microchip Technology's revenue declined in the current quarter. The drop was substantial compared to the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2B
Revenue reported for this quarter.
Quarter-over-quarter
-6.2%
Change from the immediately preceding quarter.
Year-over-year
-48.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.5B
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 |
|---|---|---|
| Dec 31, 2023 | $1.8B | -18.6% |
| Mar 31, 2024 | $1.3B | -40.6% |
| Jun 30, 2024 | $1.2B | -45.8% |
| Sep 30, 2024 | $1.2B | -48.4% |
Revenue performance
Revenue decreased from the prior quarter, extending a downward trajectory. The year-over-year comparison showed a steep contraction.
Quarterly comparison
Sequentially, revenue was lower than the immediately preceding quarter. On an annual basis, revenue was sharply below the prior-year period.
What to watch
The company continues to navigate elevated inventory levels as customers reduce their stock and the macroeconomic environment remains weak.