International e-commerce news on the 7th, microchip technology, a major U.S. microcontroller manufacturer, announced the financial results for the fourth quarter of fiscal year 2021 (up to March 31, 2021) after hours on the 6th. The data showed that the company's net sales reached US $1.467 billion, an increase of 8.5% month on month, an increase of 10.6% over the same period last year, a record high
During the reporting period, the revenue of micro core increased by 10.6% annually to US $1.467 billion, with a quarterly increase of 8.5%; Not in accordance with the United States generally accepted accounting principles (non GAAP), the diluted earnings per share increased by 26.7% to $1.85, both reaching a record high.
Microchip estimates that the revenue and diluted earnings per share of non GAAP will be between us $1.519 billion and US $1.577 billion (with a median value of US $1.548 billion) and US $1.85 ~ 1.95 (with a median value of US $1.90) respectively.
Microchip estimates that the inventory days in this quarter are 107 ~ 112 days. The number of days of inventory as of March 31, 2021 is 112.
Ganesh Moorthy, CEO of microchip technology (EO), said that during his 40 years in the semiconductor industry, he had never experienced the current period of supply-demand imbalance.
"Throughout the quarter of March, the business situation remained exceptionally strong, with record product orders and backlog in many quarters. Demand exceeded our ability improvements, resulting in a continuous extension of delivery time. In my 40 years in the semiconductor industry, I can't remember a period when the imbalance between supply and demand was more serious than now. In response, we launched our preferred supplier The PSP provides priority supply to customers from 6 months after their orders in exchange for at least 12 months of non cancellable orders. "
Moorthy also said "Customers' response to this plan exceeded our expectations, whether direct customers or distributors. About 44% of our products for sale belong to the PSP category, although our products for sale account for almost 100% in some areas with the most limited capacity. This gives us a solid foundation to carefully purchase Limited raw materials and invest in expanding plant capacity, And will hire employees to support the operation of our factory production line. “
Moorthy pointed out that the entire semiconductor supply chain is still very tight. Against this background, the revenue is expected to increase by 3.5% ~ 7.5% in this quarter.
