Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2025

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 September 30, Six Months Ended September 30,
 2024 2023 2024 2023
Gross profit, as reported$668.5  $1,527.4  $1,405.4  $3,085.8 
Share-based compensation expense 4.3   7.4   10.9   14.2 
Cybersecurity incident expenses 20.1      20.1    
Non-GAAP gross profit$692.9  $1,534.8  $1,436.4  $3,100.0 
GAAP gross profit percentage 57.4%  67.8%  58.4%  67.9%
Non-GAAP gross profit percentage   59.5 %     68.1 %     59.7 %     68.2 %
                               

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