Understanding the Downgrade of Microchip Technology (NASDAQ:MCHP)
Recently, Microchip Technology Incorporated experienced a significant downgrade in analyst forecasts, impacting both their revenue and earnings per share (EPS) projections. Analysts now predict a 71% drop in EPS to US$0.74 in the near term, alongside a revised US$4.9 billion revenue estimate for 2025, marking a 26% decline from the past 12 months.
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