Microchip Technology Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 03, 2022 at 04:43 pm EDT
Microchip Technology Incorporated reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was USD 2,073.2 million compared to USD 1,649.8 million a year ago. Net income was USD 546.2 million compared to USD 242 million a year ago. Basic earnings per share from continuing operations was USD 0.99 compared to USD 0.44 a year ago. Diluted earnings per share from continuing operations was USD 0.98 compared to USD 0.43 a year ago.
For the six months, sales was USD 4,036.8 million compared to USD 3,219.2 million a year ago. Net income was USD 1,053.4 million compared to USD 494.8 million a year ago. Basic earnings per share from continuing operations was USD 1.91 compared to USD 0.9 a year ago. Diluted earnings per share from continuing operations was USD 1.88 compared to USD 0.87 a year ago.