Microchip Technology Incorporated (MCHP) CEO Steve Sanghi On Q1 2020 Results - Earnings Call Transcript

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Q1: 2019-08-06 Earnings Summary

EPS of $0.71 beats by $0.01
 | Revenue of $1.32B (8.69% Y/Y) misses by $9.41M

Microchip Technology Incorporated (NASDAQ:MCHP) Q1 2020 Earnings Conference Call August 6, 2019 5:00 PM ET

Company Participants

Steve Sanghi - CEO
Eric Bjornholt - CFO
Ganesh Moorthy - President & COO

Conference Call Participants

Craig Hettenbach - Morgan Stanley
Vivek Arya - Bank of America Merrill Lynch
Harsh Kumar - Piper Jaffray
Gary Mobley - Wells Fargo Securities
William Stein - SunTrust Robinson Humphrey
Christopher Caso - Raymond James & Associates
Harlan Sur - JPMorgan
Matt Ramsey - Cowen and Company
Craig Ellis - B. Riley FBR
John Pitzer - Credit Suisse
Christopher Rolland - Susquehanna Financial Group
Hans Mosesmann - Rosenblatt Securities
Rajvindra Gill - Needham & Company
Mark Delaney - Goldman Sachs

Operator

Please standby. Good day, everyone, and welcome to the Microchip's First Quarter Fiscal 2020 Financial Results Conference Call. As a reminder, today's call is being recorded.

At this time, I would like to turn the call over to Microchip’s Chief Financial Officer, Mr. Eric Bjornholt. Please go ahead, sir.

Eric Bjornholt

Thank you and good afternoon everyone. During the course of this conference call, we will be making projections and other forward-looking statements regarding future events or the future financial performance of the company. We wish to caution you that such statements are predictions and that actual events or results may differ materially.

We refer you to our press releases of today as well as our recent filings with the SEC that identify important risk factors that may impact Microchip's business and results of operations.

In attendance with me today are Steve Sanghi, Microchip's Chairman and CEO; and Ganesh Moorthy, Microchip's President and COO. I will comment on our first quarter fiscal year 2020 financial performance. And Steve and Ganesh will then give their comments on the results, discuss the current business environment as well as our guidance and provide an

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