Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2021

RECONCILIATION OF GAAP TO NON-GAAP MEASURES
(in millions except per share amounts and percentages)
(unaudited)

RECONCILIATION OF GAAP GROSS PROFIT TO NON-GAAP GROSS PROFIT

 Three Months Ended Nine Months Ended
 December 31, December 31,
 2020 2019 2020 2019
Gross profit, as reported$845.8  $785.5  $2,452.0  $2,428.2 
Share-based compensation expense6.4  5.7  18.8  15.8 
COVID-19 shelter-in-place restrictions on manufacturing activities    2.8   
Non-GAAP gross profit$852.2  $791.2  $2,473.6  $2,444.0 
Non-GAAP gross profit percentage63.0% 61.5% 62.3% 61.9%
             

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