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
Capital expenditures
“about $135 million”
Period
FY2025
Measure
Company-defined measure
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
(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 investments through fiscal 2026. However, we are adding capital equipment to selectively expand our production capacity and add research and development equipment. Under the GAAP revenue recognition standard, we are required to recognize revenue when control of the product changes from us to a customer or distributor. We focus our sales and marketing efforts on creating demand for our products in the end markets we serve and not on moving inventory into our distribution network. We also manage our manufacturing and supply chain operations, including our distributor relationships, towards the goal of having our products available at the time and location the end customer desires. Use of Non-GAAP Financial Measures: Our non-GAAP adjustments, where applicable, include the effect of share-based compensation, expenses related to our acquisition activities (including intangible asset amortization, severance, and other - - more - - Microchip Technology Reports Third Quarter Fiscal 2025 Financial Results Page 5 restructuring costs, and
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.