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Microchip shares tumble as earnings miss Wall Street expectations

Shares of Microchip Technology Inc. tumbled to a 52-week low after the Chandler-based semiconductor company that recently rehired former CEO Steve Sanghi reported financial results that missed Wall Street expectations. Sanghi promises to 'rightsize' the company's operations.

Feb 9, 2025 - 22:03
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Microchip shares tumble as earnings miss Wall Street expectations
Shares of Microchip Technology Inc. tumbled to a 52-week low after the Chandler-based semiconductor company that recently rehired former CEO Steve Sanghi reported financial results that missed Wall Street expectations. Sanghi promises to 'rightsize' the company's operations.
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