Microchip Technology Inc. (MCHP) announced that its third-quarter GAAP net income was $69.4 million or $0.37 per share, down from GAAP net income of $72.4 million or $0.39 per share, in the prior year's third fiscal quarter.
Non-GAAP net income for the third quarter of fiscal year 2010 was $70.1 million or $0.38 per share, up from non-GAAP net income of $41.2 million or $0.23 per share, in the prior year's third fiscal quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.29 per share. Analysts' estimates typically exclude special items.
Net sales was $250.1 million, up about 30.1% from $192.2 million in the prior year's third fiscal quarter. Eleven analysts had consensus revenue estimate of $243.00 million for the quarter.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.