| RECONCILIATION OF GAAP OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES | |||||||||||||||
| Three Months Ended September 30, | Six Months Ended September 30, | ||||||||||||||
| 2024
| 2023
| 2024
| 2023
| ||||||||||||
| Operating expenses, as reported | $ | 521.9 | $ | 642.4 | $ | 1,039.7 | $ | 1,297.7 | |||||||
| Share-based compensation expense | (42.0 | ) | (38.0 | ) | (79.4 | ) | (75.7 | ) | |||||||
| Cybersecurity incident expenses | (1.3 | ) | — | (1.3 | ) | — | |||||||||
| 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(1) | (122.7 | ) | (151.4 | ) | (245.7 | ) | (302.9 | ) | |||||||
| Special charges and other, net | (1.5 | ) | (1.8 | ) | (4.1 | ) | (3.5 | ) | |||||||
| Non-GAAP operating expenses | $ | 352.1 | $ | 450.1 | $ | 705.1 | $ | 914.9 | |||||||
| GAAP operating expenses as a percentage of net sales | 44.8 | % | 28.5 | % | 43.2 | % | 28.6 | % | |||||||
| Non-GAAP operating expenses as a percentage of net sales | 30.3 | % | 20.0 | % | 29.3 | % | 20.1 | % | |||||||
Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2025
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