- Record net sales of $492.7 million, up 6.5% sequentially and up 28.5% from net sales in the year ago quarter.
- On a non-GAAP basis: gross margins of 59.0%; Record operating income of $156.6 million; Record net income of $136.4 million; and Record EPS of 63 cents per diluted share. The First Call published estimate for non-GAAP diluted EPS was 60 cents.
- On a GAAP basis: gross margins of 58.6%; operating income of $117.5 million; net income of $99.8 million; and EPS of 46 cents per diluted share. There was no published First Call estimate for GAAP EPS.
- Record net sales of 8-bit microcontrollers, 16-bit microcontrollers, 32-bit microcontrollers and analog products
- Record licensing revenue of $24.8 million
CHANDLER, Ariz. — (BUSINESS WIRE) — October 30, 2013 — Microchip Technology Incorporated (NASDAQ: MCHP), a leading provider of microcontroller, mixed signal, analog and Flash-IP solutions, today reported results for the three months ended September 30, 2013 as summarized in the following table:
| (in millions, except earnings per diluted share and percentages) | Three Months Ended September 30, 2013 | ||||||||||||
| GAAP |
% of Net
|
Non-
|
% of Net
|
||||||||||
| Net Sales | $492.7 | $492.7 | |||||||||||
| Gross Margin | $288.9 | 58.6% | $290.7 | 59.0% | |||||||||
| Operating Income | $117.5 | 23.9% | $156.6 | 31.8% | |||||||||
|
Other Expense (including Gains/Losses on Equity Method Investments) |
$6.3 | $4.1 | |||||||||||
| Income Tax Expense | $11.4 | $16.2 | |||||||||||
| Net Income | $99.8 | 20.3% | $136.4 | 27.7% | |||||||||
| Earnings per Diluted Share | 46 cents | 63 cents | |||||||||||
|
1 See the “Use of Non-GAAP Financial Measures” section of this release. |
|||||||||||||
