Microchip Technology reported Q1 CY2025 revenue of $970.5 million, down 26.8% year-on-year but beating expectations. Q2 revenue guidance of $1.05 billion surpassed analyst forecasts by 5.1%. Non-GAAP profit matched estimates. The company will present at the Mizuho 2025 Technology Conference, signaling potential strategic updates. Despite sales decline, strong guidance and operational restructuring hint at recovery.