Microchip Technology Announces Record Financial Results for Second Quarter of Fiscal Year 2023


RECONCILIATION OF GAAP INCOME TAX PROVISION TO NON-GAAP INCOME TAX PROVISION
 
 Three Months Ended September 30, Six Months Ended September 30,
  2022   2021   2022   2021 
Income tax provision as reported$152.9  $22.8  $292.3  $67.0 
Income tax rate, as reported 21.9%  8.6%  21.7%  11.9%
Other non-GAAP tax adjustment (49.8)  16.1   (109.9)  7.6 
Non-GAAP income tax provision$103.1  $38.9     $ 182.4     $ 74.6  
Non-GAAP income tax rate   11.2 %     6.0 %     10.3 %     6.0 %

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