Microchip 2.0
Steve Sanghi, CEO Ganesh Moorthy, COO Eric Bjornholt, CFO
Business UpdateNet sales for Q2FY18 expected to be up 3% sequentially which would drive Microchip's first one billion dollar net sales quarter.
Operating profit for Q2FY18 expected to be between 37.5% and 38.25%
Non GAAP EPS for Q2FY18 expected to be between $1.33 to $1.37 per share.
Business conditions and backlog continue to be strong. Lead times are long but have stabilized at 4 to 20 weeks.
We expect significant capacity challenges to persist until the middle of calendar year 2018 until lead times return to normal.
Long-term non-GAAP financial model is now 62.5% gross margin, 22.5% operating expenses and 40% operating profit.
Introducing Microchip 2.0- Total system solutions- Smart, connected and Secure.
MICROCHIP 1.0- Consistent growth
- Perennial market share gains
- High margin business model
- Shareholder friendly with consistently increasing dividends and free cash flow
- Successful M&A strategy
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107 consecutive quarters of profitability!MCU Analog Memory Licensing MMO
Microchip Technology Incorporated published this content on 05 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 September 2017 18:47:04 UTC.
Original documenthttps://www.microchip.com/investor/Pressrelease/Investor Presentation August 2017.090517.pdf
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