Microchip Technology (NASDAQ:MCHP) reported quarterly earnings of $0.57 per share which beat the analyst consensus estimate of $0.51 by 11.76 percent. This is a 418.18 percent increase over earnings of $0.11 per share from the same period last year. The company reported quarterly sales of $1.311 billion which beat the analyst consensus estimate of $1.263 billion by 3.76 percent. This is a 35.09 percent increase over sales of $970.500 million the same period last year.