Microchip Technology Q4 Earnings Call Highlights

Microchip Technology NASDAQ: MCHP reported March-quarter results that exceeded its prior guidance and pointed to continued momentum heading into the June quarter, as management said demand is improving across end markets and distributor inventory appears to have normalized. Get Microchip Technology alerts:Sign UpQuarterly and full-year results Chief Financial Officer Eric Bjornholt said net sales in the March quarter were $1.311 billion, up 10.6% sequentially and up 35.1% from the year-ago period.