Microchip Technology Announces Financial Results For Second Quarter of Fiscal Year 2024
RECONCILIATION OF GAAP INCOME TAX PROVISION TO NON-GAAP INCOME TAX PROVISION
| | Three Months Ended September 30, | | Six Months Ended September 30, |
| | | 2023 | | | | 2022 | | | | 2023 | | | | 2022 | |
| Income tax provision as reported | $ | 167.0 | | | $ | 152.9 | | | $ | 348.9 | | | $ | 292.3 | |
| Income tax rate, as reported | | 20.0 | % | | | 21.9 | % | | | 20.7 | % | | | 21.7 | % |
| Other non-GAAP tax adjustment | | (19.9 | ) | | | (49.8 | ) | | | (52.4 | ) | | | (109.9 | ) |
| Non-GAAP income tax provision | $ | 147.1 | | | $ | 103.1 | | | $ | 296.5 | | | $ | 182.4 | |
| Non-GAAP income tax rate | | 14.2 | % | | | 11.2 | % | | | 14.2 | % | | | 10.3 | % |
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