MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES
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 December 31, | Nine Months Ended December 31, | ||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||
| Gross profit, as reported | $ | 1,470.8 | $ | 1,153.3 | $ | 4,178.6 | $ | 3,229.2 | |||||||
| Share-based compensation expense | 6.9 | 8.4 | 21.1 | 26.3 | |||||||||||
| Non-GAAP gross profit | $ | 1,477.7 | $ | 1,161.7 | $ | 4,199.7 | $ | 3,255.5 | |||||||
| GAAP gross profit percentage | 67.8 | % | 65.6 | % | 67.3 | % | 64.9 | % | |||||||
| Non-GAAP gross profit percentage | 68.1 | % | 66.1 | % | 67.7 | % | 65.4 | % | |||||||
