Microchip Technology Non-GAAP EPS of $1.37 beats by $0.03, revenue of $1.96B beats by $10M
Microchip Technology press release  (NASDAQ:MCHP): Q1  Non-GAAP EPS of $1.37  beats by $0.03.
Revenue of $1.96B (+25.1% Y/Y)Â  beats by $10M.
On a GAAP basis: record gross margin of 66.7%; record operating income of $701.3 million
Record cash flow from operations of $840.4 million.

Q2 2023 Guidance:Â Sales to range betweenÂ $2.023 to $2.101B vs. consensus of $1.97B;Â Non-GAAP gross margins ofÂ 67.3% to 67.7%; Non-GAAP Operating Income of $220.5 to $225.5 million; GAAP EPS of $0.94 to $0.95; and Non-GAAP EPS of $1.42 to $1.46 vs. consensus of $1.37

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