Microchip Technology Incorporated (MCHP) CEO Ganesh Moorthy on Q3 2022 Results - Earnings Call Transcript

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Q3: 2022-02-03 Earnings Summary

EPS of $1.20 beats by $0.03
 | Revenue of $1.76B (29.98% Y/Y) beats by $11.01M

Microchip Technology Incorporated (NASDAQ:MCHP) Q3 2022 Earnings Conference Call February 3, 2022 5:00 PM ET

Company Participants

Eric Bjornholt - Chief Financial Officer
Ganesh Moorthy - President and Chief Executive Officer
Steve Sanghi - Executive Chair
Sajid Daudi - Head, Investor Relations

Conference Call Participants

John Pitzer - Credit Suisse
Pradeep Ramani - UBS
Gary Mobley - Wells Fargo Securities
Toshiya Hari - Goldman Sachs
Vivek Arya - Bank of America Securities
Harlan Sur - JPMorgan
Harsh Kumar - Piper Sandler
Tore Svanberg - Stifel
William Stein - Truist Securities
Chris Danely - Citi
Chris Caso - Raymond James
Joe Moore - Morgan Stanley
Ambrish Srivastava - BMO
Christopher Rolland - SIG
Nik Todorov - Longbow Research
Harsh Kumar - Piper Sandler

Operator

Good day, everyone and welcome to Microchip’s Third Quarter Fiscal 2022 Financial Results. As a reminder, today’s call is being recorded. At this time, I’d 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 Ganesh Moorthy, Microchip’s President and CEO; Steve Sanghi, Microchip’s Executive Chair; and Sajid Daudi, Microchip’s Head of Investor Relations. I will comment on our third quarter fiscal year 2022 financial performance, Ganesh will then provide commentary on our results and discuss the current business environment as well as our

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