🔴 Microchip Technology is trading 5.94% down today after December-quarter guidance fell short of analyst expectations

Microchip Technology is trading at $61.00, down -5.94%, after December-quarter revenue and EPS guidance came in below analyst expectations.

• September-quarter revenue included roughly $53 million from infrequent items not expected to recur.
• The reported quarter delivered $1.622 billion in revenue and $0.97 adjusted EPS, but did not offset outlook concerns.
• A broader semiconductor selloff is adding pressure amid investor concerns tighter AI and data-center regulation could slow infrastructure investment.