<div id="readability-page-1"><div><figure></figure>Analog chipmaker Microchip Technology will be reporting earnings this Thursday afternoon. Here’s what you need to know. Microchip Technology met analysts’ revenue expectations last quarter, reporting revenues of $1.14 billion, down 2% year on year. It was a satisfactory quarter for the company, with a significant improvement in its inventory levels but revenue guidance for next quarter missing analysts’ expectations significantly. Is Microchip Technology a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.This quarter, analysts are expecting Microchip Technology’s revenue to grow 14.9% year on year to $1.18 billion, a reversal from the 41.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.43 per share. <figure></figure>Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Microchip Technology has missed Wall Street’s revenue estimates four times over the last two years. Looking at Microchip Technology’s peers in the analog semiconductors segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Skyworks Solutions’s revenues decreased 3.1% year on year, beating analysts’ expectations by 3.4%, and NXP Semiconductors reported revenues up 7.2%, topping estimates by 0.7%. NXP Semiconductors traded down 4.5% following the results. Read our full analysis of Skyworks Solutions’s results here and NXP Semiconductors’s results here.There has been positive sentiment among investors in the analog semiconductors segment, with share prices up 11.2% on average over the last month. Microchip Technology is up 15.9% during the same time and is heading into earnings with an average analyst price target of $83.72 (compared to the current share price of $77.03).</div></div>

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Microchip Technology (MCHP) is set to report earnings tomorrow, with analysts expecting a revenue growth of 14.9% year on year to $1.18 billion. Last quarter, the company met revenue expectations of $1.14 billion but missed guidance for the next quarter. Adjusted earnings are anticipated at $0.43 per share. Despite missing revenue estimates four times in the past two years, investor sentiment in the analog semiconductors segment remains positive, with Microchip's shares up 15.9% recently. The average analyst price target is $83.72, compared to the current share price of $77.03.

Microchip Technology (MCHP) To Report Earnings Tomorrow: Here Is What To Expect