| Three Months Ended September 30, | Six Months Ended September 30, | ||||||||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||||||||
| Operating expenses, as reported | $ | 642.4 | $ | 642.8 | $ | 1,297.7 | $ | 1,251.4 | |||||||
| Share-based compensation expense | (38.0 | ) | (34.8 | ) | (75.7 | ) | (68.3 | ) | |||||||
| Other adjustments | (0.8 | ) | (0.9 | ) | 0.1 | (1.7 | ) | ||||||||
| Professional services associated with certain legal matters | (0.3 | ) | (2.3 | ) | (0.8 | ) | (3.2 | ) | |||||||
| Amortization of acquired intangible assets | (151.4 | ) | (167.5 | ) | (302.9 | ) | (335.1 | ) | |||||||
| Special charges (income) and other, net | (1.8 | ) | (4.3 | ) | (3.5 | ) | 12.6 | ||||||||
| Non-GAAP operating expenses | $ | 450.1 | $ | 433.0 | $ | 914.9 | $ | 855.7 | |||||||
| GAAP operating expenses as a percentage of net sales | 28.5 | % | 31.0 | % | 28.6 | % | 31.0 | % | |||||||
| Non-GAAP operating expenses as a percentage of net sales | 20.0 | % | 20.9 | % | 20.1 | % | 21.2 | % | |||||||
Microchip Technology Announces Financial Results For Second Quarter of Fiscal Year 2024
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RECONCILIATION OF GAAP OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES
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