HighGravityDataMicrochip Technology — Feb 6, 2025 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000827054-25-000018
Showing in the filing
Quarterly dividend declared
“45.5 cents per share”
Period
No period stated
Measure
Declared action
Source
Prose
All guidance in this release · 20
Quarterly dividend declared
“45.5 cents per share”
Net Sales for Q4 FY2025
“$920.0 million to $1.000 billion”
Gross Profit (GAAP) for Q4 FY2025
“51.2% to 53.1%”
Gross Profit (Non-GAAP) for Q4 FY2025
“52.0% to 54.0%”
Operating Expenses (GAAP) for Q4 FY2025
“56.1% to 60.0%”
Operating Expenses (Non-GAAP) for Q4 FY2025
“37.7% to 40.5%”
Operating Income (loss) (GAAP) for Q4 FY2025
“(8.9)% to (2.9)%”
Operating Income (loss) (Non-GAAP) for Q4 FY2025
“11.5% to 16.3%”
Other Expense, net (GAAP) for Q4 FY2025
“$69.7 to $71.3 million”
Other Expense, net (Non-GAAP) for Q4 FY2025
“$69.5 to $71.5 million”
Income Tax (Benefit) Provision (GAAP) for Q4 FY2025
“$(24.5) to $(19.8) million”
Income Tax (Benefit) Provision (Non-GAAP) for Q4 FY2025
“$5.0 to $13.6 million”
Net Income (loss) (GAAP) for Q4 FY2025
“$(128.5) to $(79.4) million”
Net Income (loss) (Non-GAAP) for Q4 FY2025
“$29.3 to $79.9 million”
Diluted Common Shares Outstanding (GAAP) for Q4 FY2025
“Approximately 538.4 million shares”
Diluted Common Shares Outstanding (Non-GAAP) for Q4 FY2025
“Approximately 541.5 to 542.5 million shares”
Earnings (loss) per Diluted Share (GAAP) for Q4 FY2025
“$(0.24) to $(0.14)”
Earnings (loss) per Diluted Share (Non-GAAP) for Q4 FY2025
“$0.05 to $0.15”
Capital expenditures for FY2025
“about $135 million”
Assumed average stock price for FY2025
“between $55 and $65 per share”
Exhibit 99.1 · the passage around this item
… earlier in the release
For the third quarters of fiscal 2025 and fiscal 2024, our non-GAAP income tax expense is presented based on projected cash taxes for the applicable fiscal year, excluding transition tax payments under the Tax Cuts and Jobs Act. A reconciliation of our non-GAAP and GAAP results is included in this press release. Microchip announced today that its Board of Directors declared a quarterly cash dividend on its common stock of 45.5 cents per share, up 1.1% from the year ago quarter. The quarterly dividend is payable on March 7, 2025 to stockholders of record on February 24, 2025. "Our December quarter performance reflects the need for the decisive steps we are taking to realign our business, as revenue declined to $1.026 billion and inventory levels reached 266 days," said Steve Sanghi, Microchip's CEO and President. "Since returning as CEO in November, we have already initiated several key actions, including restructuring our manufacturing footprint, adjusting our channel strategy and intensifying our customer engagement. Our initial assessment indicates clear areas for operational enhancement, and we are taking a methodical yet urgent approach to evaluating all aspects of our business and implementing necessary changes to strengthen our competitive position." - - more - - Microchip Technology Reports Third Quarter Fiscal 2025 Financial Results Page 3 Eric Bjornholt, Microchip's Chief Financial Officer, said, "We are executing on multiple operational initiatives to enhance our financial performance. Our focus remains on returning to premium profitability levels that have historically differentiated Microchip, supported by
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.