HighGravityDataMicrochip Technology — Nov 5, 2024 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000827054-24-000205
Showing in the filing
Net sales
“between $1.025 billion and $1.095 billion”
Period
Q3 FY2025
Measure
GAAP-tied
Source
Prose
All guidance in this release · 21
Quarterly cash dividend for Q3 FY2025
“45.5 cents per share”
Quarterly dividend
“45.5 cents per share”
Net sales for Q3 FY2025
“between $1.025 billion and $1.095 billion”
Gross Profit (GAAP) for Q3 FY2025
“56.2% to 58.1%”
Gross Profit (Non-GAAP) for Q3 FY2025
“57.0% to 59.0%”
Operating Expenses (GAAP) for Q3 FY2025
“49.1% to 51.4%”
Operating Expenses (Non-GAAP) for Q3 FY2025
“33.2% to 34.8%”
Operating Income (GAAP) for Q3 FY2025
“4.8% to 9.1%”
Operating Income (Non-GAAP) for Q3 FY2025
“22.2% to 25.8%”
Other Expense, net (GAAP) for Q3 FY2025
“$69.3 to $69.7 million”
Other Expense, net (Non-GAAP) for Q3 FY2025
“$69.5 million”
Income Tax Provision (GAAP) for Q3 FY2025
“$1.0 to $13.0 million”
Income Tax Provision (Non-GAAP) for Q3 FY2025
“$22.1 to $25.6 million”
Net Income (loss) (GAAP) for Q3 FY2025
“($21.1) to $16.5 million”
Net Income (loss) (Non-GAAP) for Q3 FY2025
“$135.9 to $187.4 million”
Diluted Common Shares Outstanding (GAAP) for Q3 FY2025
“Approximately 537.3 to 543.0 million shares”
Diluted Common Shares Outstanding (Non-GAAP) for Q3 FY2025
“Approximately 543.0 million shares”
Earnings (Loss) per Diluted Share (GAAP) for Q3 FY2025
“($0.04) to $0.03”
Earnings (Loss) per Diluted Share (Non-GAAP) for Q3 FY2025
“$0.25 to $0.35”
Capital expenditures for Q3 FY2024
“about $20 million”
Capital expenditures for FY2025
“about $150 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
Our PCIe switches, SSD controllers, CXL solutions, and associated power and timing products are key to continuing to strengthen our data center portfolio. With our expanding capabilities, we believe we are well-positioned to capitalize on opportunities in this growth market." Mr. Moorthy concluded, "For the December quarter, we expect net sales between $1.025 billion and $1.095 billion. While substantial inventory destocking has occurred, we continue to face macro uncertainties in what is historically our seasonally weakest quarter. Our design-in momentum continues to remain strong, driven by our Total System Solutions strategy and key market megatrends." - - more - - Microchip Technology Reports Second Quarter Fiscal 2025 Financial Results Page 4 Third Quarter Fiscal Year 2025 Outlook: The following statements are based on current expectations. These statements are forward-looking, and actual results may differ materially. Microchip Consolidated Guidance Net Sales $1.025 to $1.095 billion GAAP Non-GAAP Adjustments (1) Non-GAAP (1) Gross Profit 56.2% to 58.1% $8.4 to $9.4 million 57.0% to 59.0% Operating Expenses (2) 49.1% to 51.4% $170.0 to $174.0 million 33.2% to 34.8% Operating Income 4.8% to 9.1% $178.4 to $183.4 million 22.2% to 25.8% Other Expense, net $69.3 to $69.7 million ($0.2) to $0.2 million $69.5 million Income Tax Provision $1.0 to $13.0 million (3) $12.6 to $21.1 million $22.1 to $25.6 million (4) Net Income (loss) ($21.1) to $16.5 million $157.0 to $170.9 million $135.9 to $187.4 million Diluted Common Shares Outstanding Approximately 537.3 to
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.