TMTB: MCHP PLTR First takes; EOD Wrap

MCHP -5% Q4 inline but June Q guide weaker than expected implying -5% vs bogeys around -1% and street at +1%.

Investors were definitely looking for more especially after other analog peers guided inline for June Q

$MCHP GUIDANCE: Q1
Guides net sales $1.22B to $1.26B, EST $1.34B
Guides ADJ gross margin 59% to 61%, EST 60.3%
RESULTS: Q4
ADJ EPS $0.57 vs. $1.64 y/y, EST $0.57
ADJ gross margin 60.3% vs. 68.3% y/y, EST 60.3%
R&D expenses $240.3M, -19% y/y, EST $260M
Net sales $1.33B, -41% y/y, EST $1.33B