| RECONCILIATION OF GAAP NET INCOME AND GAAP DILUTED NET INCOME PER COMMON SHARE TO NON-GAAP NET INCOME AND NON-GAAP DILUTED NET INCOME PER COMMON SHARE | |||||||||||||||
| Three Months Ended September 30, | Six Months Ended September 30, | ||||||||||||||
| 2024 | 2023 | 2024 | 2023 | ||||||||||||
| Net income, as reported | $ | 78.4 | $ | 666.6 | $ | 207.7 | $ | 1,333.0 | |||||||
| Share-based compensation expense | 46.3 | 45.4 | 90.3 | 89.9 | |||||||||||
| Cybersecurity incident expenses | 21.4 | — | 21.4 | — | |||||||||||
| Other adjustments | 2.1 | 0.8 | 3.4 | (0.1 | ) | ||||||||||
| Professional services associated with certain legal matters | 0.2 | 0.3 | 0.7 | 0.8 | |||||||||||
| Amortization of acquired intangible assets | 122.7 | 151.4 | 245.7 | 302.9 | |||||||||||
| Special charges and other, net | 1.5 | 1.8 | 4.1 | 3.5 | |||||||||||
| Loss on settlement of debt | — | 3.1 | — | 12.2 | |||||||||||
| Loss on available-for-sale investments | 1.8 | — | 1.8 | — | |||||||||||
| Other non-GAAP tax adjustment | (24.2 | ) | 19.9 | (35.0 | ) | 52.4 | |||||||||
| Non-GAAP net income | $ | 250.2 | $ | 889.3 | $ | 540.1 | $ | 1,794.6 | |||||||
| GAAP net income as a percentage of net sales | 6.7 | % | 29.6 | % | 8.6 | % | 29.3 | % | |||||||
| Non-GAAP net income as a percentage of net sales | 21.5 | % | 39.4 | % | 22.5 | % | 39.5 | % | |||||||
| Diluted net income per common share, as reported | $ | 0.14 | $ | 1.21 | $ | 0.38 | $ | 2.42 | |||||||
| Non-GAAP diluted net income per common share | $ | 0.46 | $ | 1.62 | $ | 1.00 | $ | 3.26 | |||||||
| Diluted common shares outstanding, as reported | 542.0 | 549.2 | 542.4 | 550.3 | |||||||||||
| Diluted common shares outstanding non-GAAP | 542.0 | 549.2 | 542.4 | 550.3 | |||||||||||
Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2025
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