Microchip Technology Announces Financial Results For Second Quarter of Fiscal Year 2024
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MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES |
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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
| | Three Months Ended September 30, | | Six Months Ended September 30, |
| | | 2023 | | | | 2022 | | | | 2023 | | | | 2022 | |
| Gross profit, as reported | $ | 1,527.4 | | | $ | 1,397.9 | | | $ | 3,085.8 | | | $ | 2,707.8 | |
| Share-based compensation expense | | 7.4 | | | | 6.5 | | | | 14.2 | | | | 14.2 | |
| Non-GAAP gross profit | $ | 1,534.8 | | | $ | 1,404.4 | | | $ | 3,100.0 | | | $ | 2,722.0 | |
| GAAP gross profit percentage | | 67.8 | % | | | 67.4 | % | | | 67.9 | % | | | 67.1 | % |
| Non-GAAP gross profit percentage | | 68.1 | % | | | 67.7 | % | | | 68.2 | % | | | 67.4 | % |
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