Microchip Technology Announces Record Financial Results For Third Quarter of Fiscal Year 2023


RECONCILIATION OF GAAP INCOME TAX PROVISION TO NON-GAAP INCOME TAX PROVISION

 Three Months Ended December 31, Nine Months Ended December 31,
  2022   2021   2022   2021 
Income tax provision as reported$181.9  $88.7  $474.2  $155.7 
Income tax rate, as reported 23.9%  20.1%  22.5%  15.5%
Other non-GAAP tax adjustment (65.2)  (39.6)  (175.1)  (32.0)
Non-GAAP income tax provision$116.7  $49.1   $ 299.1     $ 123.7  
Non-GAAP income tax rate   11.9 %     6.7 %     10.9 %     6.3 %

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