04:31 PM EST, 02/06/2025 (MT Newswires) -- Microchip Technology ( MCHP ) reported fiscal Q3 non-GAAP earnings late Thursday of $0.20 per diluted share, down from $1.08 a year earlier.

Analysts polled by FactSet expected $0.28.

Net sales in the quarter ended Dec. 31 were $1.03 billion, down from $1.77 billion a year earlier.

Analysts surveyed by FactSet expected $1.05 billion.

For fiscal Q4, the company said it expects non-GAAP EPS of $0.05 to $0.15 and net sales of $920 million to $1.00 billion. Analysts expect $0.28 and $1.05 billion, respectively.

The company said it will pay a quarterly dividend of $0.455 per share on March 7 to stockholders of record on Feb. 24.

Shares of the company were down 3% in after-hours activity.