MICROSEMI CORPORATION

Selected GAAP and Non-GAAP Financial Measures

(unaudited, in millions, except for percentages and per share amounts)

Quarter Ended

Nine Months Ended

Jun 29,
2014

Mar 30,
2014

Jun 30,
2013

Jun 29,
2014

Jun 30,
2013

Net sales

$

292.3

$

287.0

$

242.6

$

834.9

$

725.6

Selected GAAP Financial Measures

Gross profit

$

153.6

$

148.6

$

138.3

$

440.5

$

414.4

Gross margin

52.5

%

51.8

%

57.0

%

52.8

%

57.1

%

Operating income

$

6.3

$

7.3

$

25.2

$

20.8

$

62.6

Operating margin

2.2

%

2.5

%

10.4

%

2.5

%

8.6

%

Net income (loss)

$

(4.3)

$

(6.8)

$

18.3

$

(9.7)

$

29.6

Diluted earnings (loss) per share

$

(0.05)

$

(0.07)

$

0.20

$

(0.10)

$

0.33

Selected Non-GAAP Financial Measures

Gross profit

$

163.7

$

158.3

$

138.3

$

465.1

$

414.4

Gross margin

56.0

%

55.2

%

57.0

%

55.7

%

57.1

%

Operating income

$

66.2

$

59.3

$

54.8

$

179.6

$

161.4

Operating margin

22.6

%

20.7

%

22.6

%

21.5

%

22.2

%

Net income

$

54.8

$

47.7

$

44.8

$

145.4

$

128.6

Diluted earnings per share

$

0.58

$

0.51

$

0.49

$

1.54

$

1.42

Additional details reconciling the selected GAAP financial measure to the selected non-GAAP financial measure may be found in the "Schedule Reconciling Selected Non-GAAP Financial Measures to Comparable GAAP Financial Measures" and "Notes on Non-GAAP Financial Measures."