Microchip Technology Announces Financial Results For Fourth Quarter and Fiscal Year 2024
MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP MEASURES
(in millions, except per share amounts and percentages; unaudited) |
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RECONCILIATION OF GAAP GROSS PROFIT TO NON-GAAP GROSS PROFIT |
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| | Three Months Ended March 31, | | Twelve Months Ended March 31, |
| | | 2024 | | | | 2023 | | | | 2024 | | | | 2023 | |
| Gross profit, as reported | $ | 789.9 | | | $ | 1,519.3 | | | $ | 4,995.7 | | | $ | 5,697.9 | |
| Share-based compensation expense | | 5.4 | | | | 6.1 | | | | 25.6 | | | | 27.2 | |
| Other manufacturing adjustments | | 4.3 | | | | — | | | | 4.3 | | | | — | |
| Non-GAAP gross profit | $ | 799.6 | | | $ | 1,525.4 | | | $ | 5,025.6 | | | $ | 5,725.1 | |
| GAAP gross profit percentage | | 59.6 | % | | | 68.0 | % | | | 65.4 | % | | | 67.5 | % |
| Non-GAAP gross profit percentage | | 60.3 | % | | | 68.3 | % | | | 65.8 | % | | | 67.8 | % |
