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


RECONCILIATION OF GAAP RESEARCH AND DEVELOPMENT EXPENSES TO NON-GAAP RESEARCH AND DEVELOPMENT EXPENSES
 
 Three Months Ended September 30, Six Months Ended September 30,
  2022   2021   2022   2021 
Research and development expenses, as reported$268.6  $246.2  $537.6  $484.6 
Share-based compensation expense (19.8)  (26.1)  (39.9)  (52.7)
Acquisition-related (0.2)  (0.2)  (0.4)  (0.4)
Non-GAAP research and development expenses$248.6  $219.9     $ 497.3     $ 431.5  
Non-GAAP research and development expenses as a percentage of net sales   12.0 %     13.3 %     12.3 %     13.4 %

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