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MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP MEASURES (in millions, except per share amounts and percentages; unaudited) | |||||||||||||||
| RECONCILIATION OF GAAP GROSS PROFIT TO NON-GAAP GROSS PROFIT | |||||||||||||||
| Three Months Ended March 31, | Twelve Months Ended March 31, | ||||||||||||||
| 2024 | 2023 | 2024 | 2023 | ||||||||||||
| Gross profit, as reported | $ | 789.9 | $ | 1,519.3 | $ | 4,995.7 | $ | 5,697.9 | |||||||
| Share-based compensation expense | 5.4 | 6.1 | 25.6 | 27.2 | |||||||||||
| Other manufacturing adjustments | 4.3 | — | 4.3 | — | |||||||||||
| Non-GAAP gross profit | $ | 799.6 | $ | 1,525.4 | $ | 5,025.6 | $ | 5,725.1 | |||||||
| GAAP gross profit percentage | 59.6 | % | 68.0 | % | 65.4 | % | 67.5 | % | |||||||
| Non-GAAP gross profit percentage | 60.3 | % | 68.3 | % | 65.8 | % | 67.8 | % | |||||||
Microchip Technology Announces Financial Results For Fourth Quarter and Fiscal Year 2024
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