Microchip Technology (NASDAQ:MCHP) reported fiscal Q1 non-GAAP earnings of $1.64 per diluted share, up from $1.37 a year earlier.
Analysts polled by Capital IQ expected $1.64.
Net sales for the quarter ended June 30 were $2.29 billion, up from $1.96 billion a year earlier.
Analysts surveyed by Capital IQ expected $2.29 billion.
The company said it expects fiscal Q2 non-GAAP diluted EPS between $1.60 and $1.64 and revenue between $2.22 billion and $2.31 billion.
Analysts polled by Capital IQ expect normalized EPS of $1.62 and $2.28 billion in revenue.