RECONCILIATION OF GAAP OPERATING INCOME TO NON-GAAP OPERATING INCOME | |||||||||||||||
Three Months Ended September 30, | Six Months Ended September 30, | ||||||||||||||
2024
| 2023
| 2024
| 2023
| ||||||||||||
Operating income, as reported | $ | 146.6 | $ | 885.0 | $ | 365.7 | $ | 1,788.1 | |||||||
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(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 income | $ | 340.8 | $ | 1,084.7 | $ | 731.3 | $ | 2,185.1 | |||||||
GAAP operating income as a percentage of net sales | 12.6 | % | 39.3 | % | 15.2 | % | 39.4 | % | |||||||
Non-GAAP operating income as a percentage of net sales | 29.3 | % | 48.1 | % | 30.4 | % | 48.1 | % | |||||||
Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2025
| | More IC News |
|
(1) Amortization of acquired intangible assets consists of core and developed technology and customer-related acquired intangible assets in connection with business combinations. Such charges are excluded for purposes of calculating certain non-GAAP measures.
RELATED NEWS