Three Months Ended September 30, | Six Months Ended September 30, | ||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||
Operating income, as reported | $ | 885.0 | $ | 755.1 | $ | 1,788.1 | $ | 1,456.4 | |||||||
Share-based compensation expense | 45.4 | 41.3 | 89.9 | 82.5 | |||||||||||
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 income | $ | 1,084.7 | $ | 971.4 | $ | 2,185.1 | $ | 1,866.3 | |||||||
GAAP operating income as a percentage of net sales | 39.3 | % | 36.4 | % | 39.4 | % | 36.1 | % | |||||||
Non-GAAP operating income as a percentage of net sales | 48.1 | % | 46.9 | % | 48.1 | % | 46.2 | % | |||||||
Microchip Technology Announces Financial Results For Second Quarter of Fiscal Year 2024
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RECONCILIATION OF GAAP OPERATING INCOME TO NON-GAAP OPERATING INCOME
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