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
Operating Income (Non-GAAP)
“22.2% to 25.8%”
Period
Q3 FY2025
Measure
Company-defined measure
Source
Guidance table
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
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 543.0 million shares Approximately 543.0 million shares Earnings (Loss) per Diluted Share ($0.04) to $0.03 $0.29 to $0.32 $0.25 to $0.35 (1) See the "Use of Non-GAAP Financial Measures" section of this release for information regarding our non-GAAP guidance. (2) We are not able to estimate the amount of certain Special Charges and Other, net that may be incurred during the quarter ending December 31, 2024. Therefore, our estimate of GAAP operating expenses excludes certain amounts that may be recognized as Special Charges and Other, net in the quarter ending December 31, 2024. (3) The forecast for GAAP tax expense excludes any unexpected tax events that may occur during the quarter, as these amounts cannot be forecasted. (4) Represents the expected cash tax rate for fiscal 2025, excluding any transition tax payments associated with the Tax Cuts and Jobs Act. Ca
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.