Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2025
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RECONCILIATION OF GAAP INCOME TAX PROVISION TO NON-GAAP INCOME TAX PROVISION |
| | Three Months Ended September 30, | | Six Months Ended September 30, |
| | 2024
| | 2023
| | 2024
| | 2023
|
| Income tax provision as reported | $ | 13.1 | | | $ | 167.0 | | | $ | 45.6 | | | $ | 348.9 | |
| Income tax rate, as reported | | 14.3 | % | | | 20.0 | % | | | 18.0 | % | | | 20.7 | % |
| Other non-GAAP tax adjustment | | 24.2 | | | | (19.9 | ) | | | 35.0 | | | | (52.4 | ) |
| Non-GAAP income tax provision | $ | 37.3 | | | $ | 147.1 | | | $ | 80.6 | | | $ | 296.5 | |
| Non-GAAP income tax rate | | 13.0 | % | | | 14.2 | % | | | 13.0 | % | | | 14.2 | % |
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