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