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
Assumed average stock price
“between $55 and $65 per share”
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
Diluted Common Shares Outstanding can vary for, among other things, the trading price of our common stock, the exercise of options or vesting of restricted stock units, the potential for incremental dilutive shares from our convertible debentures (additional information regarding our share count is available in the investor relations section of our website under the - - more - - Microchip Technology Reports Third Quarter Fiscal 2025 Financial Results Page 6 heading "Supplemental Information"), and repurchases or issuances of shares of our common stock. The diluted common shares outstanding presented in the guidance table above assumes an average Microchip stock price in the March 2025 quarter between $55 and $65 per share (however, we make no prediction as to what our actual share price will be for such period or any other period and we cannot estimate what our stock option exercise activity will be during the quarter). - - more - - Page 7 MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share amounts; unaudited) Three Months Ended December 31, Nine Months Ended December 31, 2024 2023 2024 2023 Net sales $ 1,026.0 $ 1,765.7 $ 3,431.1 $ 6,308.6 Cost of sales 464.6 645.7 1,464.3 2,102.8 Gross profit 561.4 1,120.0 1,966.8 4,205.8 Research and development 246.2 266.0 728.6 857.1 Selling, general and administrative 158.2 172.2 465.7 572.4 Amortization of acquired intangible assets 122.6 151.3 368.3 454.2 Special charges and other, net 3.5 1.1 7.6 4.6 Operating expenses 530.5 590.6 1,570.2 1,888.3 Operating income 30.9 529.4 396.6 2,317.5 Other expense, net (77.0) (45.1) (189.4) (151.3) (Loss) income before income taxes (46.1) 484.3 207.2 2,166.2 Income tax provision 7.5 65.1 53.1 414.0 Net (loss) income $ (53.6) $ 419.2 $ 154.1 $ 1,752.2 Basic net (loss) income per common share $ (0.1
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.