• For Fiscal Year 2016
  • Record Non-GAAP net sales of $2.214 billion.
  • Record GAAP net sales of $2.173 billion.
  • On a non-GAAP basis: gross margins of 58.1%; operating income of $685.4 million; net income of $583.3 million and record EPS of $2.68 per diluted share.
  • On a GAAP basis: gross margins of 55.5%; operating income of $352.3 million; net income of $324.1 million; and EPS of $1.49 per diluted share. There was no First Call published estimate for GAAP EPS.
• For the quarter ended March 31, 2016
  • Record Non-GAAP net sales of $568.4 million.
  • GAAP net sales of $557.6 million.
  • On a non-GAAP basis: gross margins of 58.4%; record operating income of $178.4 million; record net income of $153.0 million and record EPS of 70 cents per diluted share. The midpoint of our original guidance provided on February 3, 2016 was EPS of 67 cents.
  • On a GAAP basis: gross margins of 54.3%; operating income of $79.9 million; net income of $67.4 million; and EPS of 31 cents per diluted share. There was no First Call published estimate for GAAP EPS.
• Record quarterly dividend declared of 35.95 cents per share.
• Completed acquisition of Atmel Corporation on April 4, 2016.

(NASDAQ: MCHP) - Microchip Technology Incorporated, a leading provider of microcontroller, mixed signal, analog and Flash-IP solutions, today reported results for the three months and year ended March 31, 2016 as summarized in the following table: