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
Earnings (loss) per Diluted Share (Non-GAAP)
“$0.05 to $0.15”
Period
Q4 FY2025
Measure
Company-defined measure
Source
Guidance table
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
Microchip Consolidated Guidance Net Sales $920.0 million to $1.000 billion GAAP (5) Non-GAAP Adjustments (1) Non-GAAP (1) Gross Profit 51.2% to 53.1% $7.8 to $8.8 million 52.0% to 54.0% Operating Expenses (2) 56.1% to 60.0% $179.7 to $183.7 million 37.7% to 40.5% Operating Income (loss) (8.9)% to (2.9)% $187.5 to $192.5 million 11.5% to 16.3% Other Expense, net $69.7 to $71.3 million $(0.2) to $0.2 million $69.5 to $71.5 million Income Tax (Benefit) Provision $(24.5) to $(19.8) million (3) $29.5 to $33.4 million $5.0 to $13.6 million (4) Net Income (loss) $(128.5) to $(79.4) million $157.8 to $159.3 million $29.3 to $79.9 million Diluted Common Shares Outstanding Approximately 538.4 million shares Approximately 541.5 to 542.5 million shares Earnings (loss) per Diluted Share $(0.24) to $(0.14) $0.29 $0.05 to $0.15 (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 March 31, 2025. Therefore, our estimate of GAAP operating expenses excludes certain amounts that may be recognized as Special Charges and Other, net in the quarter ending March 31, 2025. (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. (5) Our GAAP guidance excludes the impact of any potential charges related to our ongoing evaluation of restructuring activities. Capital expenditures for the quarter ending March 31, 2025 are expected to be about $23 million. Capital expenditures for all of fiscal 2025 are expected to be about $135 million. Consistent with the slowing macroeconomic environment in fiscal 2025, we have paused most of our factory expansion actions and reduced our planned capital invest
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.