Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2025
(1) Amortization of acquired intangible assets consists of core and developed technology and customer-related acquired intangible assets in connection with business combinations. Such charges are excluded for purposes of calculating certain non-GAAP measures. The use of acquired intangible assets contributed to our revenues earned during the periods presented.
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RECONCILIATION OF GAAP OTHER EXPENSE, NET TO NON-GAAP OTHER EXPENSE, NET |
| | Three Months Ended September 30, | | Six Months Ended September 30, |
| | 2024
| | 2023
| | 2024
| | 2023
|
| Other expense, net, as reported | $ | (55.1 | ) | | $ | (51.4 | ) | | $ | (112.4 | ) | | $ | (106.2 | ) |
| Loss on settlement of debt | | — | | | | 3.1 | | | | — | | | | 12.2 | |
| Loss on available-for-sale investments | | 1.8 | | | | — | | | | 1.8 | | | | — | |
| Non-GAAP other expense, net | $ | (53.3 | ) | | $ | (48.3 | ) | | $ | (110.6 | ) | | $ | (94.0 | ) |
| GAAP other expense, net, as a percentage of net sales | (4.7) % | | (2.3) % | | (4.7) % | | (2.3) % |
| Non-GAAP other expense, net, as a percentage of net sales | (4.6) % | | (2.1) % | | (4.6) % | | (2.1) % |
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