| RECONCILIATION OF GAAP NET INCOME AND GAAP DILUTED NET INCOME PER COMMON SHARE TO NON-GAAP NET INCOME AND NON-GAAP DILUTED NET INCOME PER COMMON SHARE | |||||||||||||||
| Three Months Ended September 30, | Six Months Ended September 30, | ||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||
| Net income, as reported | $ | 546.2 | $ | 242.0 | $ | 1,053.4 | $ | 494.8 | |||||||
| Share-based compensation expense | 41.3 | 55.7 | 82.5 | 112.3 | |||||||||||
| Acquisition-related | 0.9 | 1.2 | 1.7 | 2.7 | |||||||||||
| Professional services associated with certain legal matters | 2.3 | 1.7 | 3.2 | 3.8 | |||||||||||
| Amortization of acquired intangible assets | 167.5 | 215.7 | 335.1 | 431.3 | |||||||||||
| Special charges (income) and other, net | 4.3 | 10.2 | (12.6 | ) | 20.7 | ||||||||||
| Loss on settlement of debt | 2.1 | 85.2 | 8.3 | 85.5 | |||||||||||
| Non-cash other expense, net | — | 10.1 | 0.1 | 21.0 | |||||||||||
| Other non-GAAP tax adjustment | 49.8 | (16.1 | ) | 109.9 | (7.6 | ) | |||||||||
| Non-GAAP net income | $ | 814.4 | $ | 605.7 | $ | 1,581.6 | $ | 1,164.5 | |||||||
| Non-GAAP net income as a percentage of net sales | 39.3 | % | 36.7 | % | 39.2 | % | 36.2 | % | |||||||
| GAAP net income as a percentage of net sales | 26.3 | % | 14.7 | % | 26.1 | % | 15.4 | % | |||||||
| Diluted net income per common share, as reported | $ | 0.98 | $ | 0.43 | $ | 1.88 | $ | 0.87 | |||||||
| Non-GAAP diluted net income per common share | $ | 1.46 | $ | 1.07 | $ | 2.82 | $ | 2.06 | |||||||
| Diluted common shares outstanding, as reported | 558.3 | 565.9 | 559.9 | 565.5 | |||||||||||
| Diluted common shares outstanding non-GAAP | 558.3 | 565.9 | 559.9 | 565.5 | |||||||||||
Microchip Technology Announces Record Financial Results for Second Quarter of Fiscal Year 2023
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