HighGravityDataMicrochip Technology — Aug 7, 2025 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000827054-25-000132
Showing in the filing
Assumed average Microchip stock price (for diluted share count)
“between $65 and $75 per share”
Period
Q2 FY2025
Measure
GAAP-tied
Source
Prose
All guidance in this release · 27
Net sales for Q2 FY2026
“$1.130 billion plus or minus $20.0 million”
Sequential net sales growth at midpoint for Q2 FY2026
“approximately 5.1% sequential growth at the midpoint”
Quarterly cash dividend on common stock for Q2 FY2026
“45.5 cents per share”
Quarterly dividend
“45.5 cents per share”
Quarterly cash dividend on 7.50% Series A Ma… for FY2025
“$18.750 per share (which represents $0.9375 per depositary share)”
Quarterly cash dividend on 7.50% Series A Ma…
“$18.750 per share”
GAAP Gross Profit (% of net sales) for Q2 FY2026
“54.3% to 56.2%”
Non-GAAP Gross Profit (% of net sales) for Q2 FY2026
“55.0% to 57.0%”
GAAP Operating Expenses (% of net sales) for Q2 FY2026
“47.4% to 48.0%”
Non-GAAP Operating Expenses (% of net sales) for Q2 FY2026
“32.4% to 32.8%”
GAAP Operating Income (% of net sales) for Q2 FY2026
“6.3% to 8.8%”
Non-GAAP Operating Income (% of net sales) for Q2 FY2026
“22.2% to 24.6%”
Other Expense, net (GAAP) for Q2 FY2026
“$54.7 to $55.3 million”
Other Expense, net (Non-GAAP) for Q2 FY2026
“$54.5 to $55.5 million”
Income Tax Provision (GAAP) for Q2 FY2026
“$10.2 to $23.4 million”
Income Tax Provision (Non-GAAP) for Q2 FY2026
“$18.1 to $21.7 million”
Net income (GAAP) for Q2 FY2026
“$4.4 to $23.4 million”
Dividends on Series A Preferred Stock (GAAP) for Q2 FY2026
“$(27.8) million”
Net (loss) income attributable to common sto… for Q2 FY2026
“$(23.5) to $(4.5) million”
Net (loss) income attributable to common sto… for Q2 FY2026
“$172.8 to $206.7 million”
Diluted Common Shares Outstanding (GAAP) for Q2 FY2026
“Approximately 539.8 million shares”
Diluted Common Shares Outstanding (Non-GAAP) for Q2 FY2026
“Approximately 568.3 to 569.3 million shares”
Diluted net (loss) per common share (GAAP) for Q2 FY2026
“$(0.04) to $(0.01)”
Diluted net (loss) per common share (Non-GAAP) for Q2 FY2026
“$0.30 to $0.36”
Capital expenditures for Q2 FY2025
“between $35 million and $40 million”
Capital expenditures for FY2026
“at or below $100 million”
Assumed average Microchip stock price (for d… for Q2 FY2025
“between $65 and $75 per share”
Exhibit 99.1 · the passage around this item
… earlier in the release
- - more - - Microchip Technology Reports First Quarter Fiscal 2026 Financial Results Page 6 Diluted Common Shares Outstanding can vary for, among other things, the trading price of our common stock, the vesting of restricted stock units, the potential for incremental dilutive shares from our convertible debentures and our mandatory convertible preferred stock (additional information regarding our share count is available in the investor relations section of our website under the 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 September 2025 quarter between $65 and $75 per share (however, we make no prediction as to what our actual share price will be for such period or any other period). - - more - - Page 7 MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share amounts; unaudited) Three Months Ended June 30, 2025 2024 Net sales $ 1,075.5 $ 1,241.3 Cost of sales 498.8 504.4 Gross profit 576.7 736.9 Research and development 255.5 241.7 Selling, general and administrative 159.3 150.5 Amortization of acquired intangible assets 107.6 123.0 Special charges and other, net 22.2 2.6 Operating expenses 544.6 517.8 Operating income 32.1 219.1 Other expense, net (47.9) (57.3) (Loss) income before income taxes (15.8) 161.8 Income tax provision 2.8 32.5 Net (loss) income (18.6) 129.3 Dividends on Series A Preferred Stock (27.8) — Net (loss) income attributable to common stockholders $ (46.4) $ 129.3 Basic net (loss) income per common share $ (0.09) $ 0.24 Diluted net (loss) income per common share $ (0.09) $ 0.24 Basic common shares outstanding 539.2 536.7 Diluted common shares outstanding 539.2 542.8 - - more - - Page 8 MICROCHIP TECHNOLOGY INCORPORATED AND SUBSID
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.