HighGravityDataMicrochip Technology — May 7, 2026 release
Fiscal 2026 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000827054-26-000012
Showing in the filing
Non-GAAP gross margin
“approximately 62.25% to 63.25%”
Period
No period stated
Measure
Company-defined measure
Source
Prose
All guidance in this release · 31
Net sales midpoint for FY2026
“$1.456 billion”
Net sales
“$1.442 billion to $1.469 billion”
Non-GAAP gross margin
“approximately 62.25% to 63.25%”
Gross Profit (Non-GAAP) for Q1 FY2027
“62.25% to 63.25%”
Non-GAAP operating expense
“approximately 28.75% to 29.25%”
Operating Income (Non-GAAP) for Q1 FY2027
“33.00% to 34.50%”
Non-GAAP operating profit
“33.00% to 34.50%”
Non-GAAP earnings per share
“approximately $0.67 to $0.71”
Diluted net income per common share (Non-GAAP) for Q1 FY2027
“$0.67 to $0.71”
Quarterly cash dividend on common stock for FY2026
“45.5 cents per share”
Quarterly cash dividend
“45.5 cents per share”
Quarterly cash dividend on Series A Mandator… for FY2026
“$18.750 per share (which represents $0.9375 per depositary share)”
Quarterly cash dividend on 7.50% Series A Ma…
“$18.750 per share”
Net Sales for Q1 FY2027
“$1.442 to $1.469 billion”
Gross Profit (GAAP) for Q1 FY2027
“61.40% to 62.40%”
Operating Expenses (GAAP) for Q1 FY2027
“40.20% to 40.60%”
Operating Expenses (Non-GAAP) for Q1 FY2027
“28.75% to 29.25%”
Operating Income (GAAP) for Q1 FY2027
“20.80% to 22.20%”
Other Expense, net (GAAP) for Q1 FY2027
“$49.2 to $49.8 million”
Other Expense, net (Non-GAAP) for Q1 FY2027
“$49.0 to $50.0 million”
Income Tax Provision (GAAP) for Q1 FY2027
“$67.6 to $89.9 million”
Income Tax Provision (Non-GAAP) for Q1 FY2027
“$42.6 to $45.8 million”
Net income (GAAP) for Q1 FY2027
“$182.8 to $186.8 million”
Dividends on Series A Preferred Stock (GAAP) for Q1 FY2027
“$(27.8) million”
Net income attributable to common stockholde… for Q1 FY2027
“$155.0 to $159.0 million”
Net income attributable to common stockholde… for Q1 FY2027
“$383.4 to $411.9 million”
Diluted Common Shares Outstanding (GAAP) for Q1 FY2027
“Approximately 549.7 to 550.4 million shares”
Diluted Common Shares Outstanding (Non-GAAP) for Q1 FY2027
“Approximately 572.4 to 573.4 million shares”
Diluted net income per common share (GAAP) for Q1 FY2027
“$0.28 to $0.29”
Capital expenditures for FY2026
“approximately $20 million”
Capital expenditures for FY2027
“approximately $100 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
“Based on current demand trends, backlog, and bookings activity, we expect net sales for the June quarter to be in the range of approximately $1.442 billion to $1.469 billion, which at the mid-point will be up 35.3% from a year ago quarter and up 11% sequentially. We expect non‑GAAP gross margin of approximately 62.25% to 63.25%, non‑GAAP operating expense of approximately 28.75% to 29.25%, non-GAAP operating profit of 33.00% to 34.50%, and non-GAAP earnings per share of approximately $0.67 to $0.71. We are ramping our factories in the front end as well as back end as we see inventory correcting rapidly towards our longer term model.” - - more - - Microchip Technology Reports Fourth Quarter and Fiscal 2026 Financial Results Page 3 The following table summarizes Microchip's reported results for the three months and fiscal year ended March 31, 2026. Three Months Ended March 31, 2026 (1) Twelve Months Ended March 31, 2026 (1) Net sales $1,311.2 $4,713.1 GAAP % Non-GAAP (2) % GAAP % Non-GAAP (2) % Gross profit $799.6 61.0% $808.0 61.6% $2,721.1 57.7% $2,756.0 58.5% Operating income $217.4 16.6% $400.9 30.6% $490.1 10.4% $1,238.2 26.3% Other expense $(53.5) $(53.5) $(216.6) $(216.7) Income tax provision $19.7 $20.1 $43.5 $87.6 Net income $144.2 $327.3 $230.0 $933.9 Dividends on Series A Preferred Stock $(27.8) — $(111.2) — Net income attributable to common stockholders $116.4 8.9% $327.3 25.0% $118.8 2.5% $933.9 19.8% Diluted net income per common share $0.21 $0.57 $0.22 $1.64 (1) In millions, except per share
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.