From StockStory: 2025-05-09 15:02:00

Microchip Technology (NASDAQ:MCHP) saw its shares jump 11.8% after reporting strong first quarter 2025 results, exceeding revenue guidance for the next quarter and EPS estimates. Despite a 27% drop in sales from the previous year, the company is showing signs of recovery with sales expected to climb significantly next quarter. The market’s perception of the business was significantly impacted by this news, with Microchip Technology’s shares down 3.4% since the beginning of the year. Investors who bought $1,000 worth of the company’s shares 5 years ago would now have an investment worth $1,244.



Read more at StockStory: Why Microchip Technology (MCHP) Stock Is Up Today