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
Income Tax Provision (Non-GAAP)
“$42.6 to $45.8 million”
Period
Q1 FY2027
Measure
Company-defined measure
Source
Guidance table
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
Microchip Consolidated Guidance Net Sales $1.442 to $1.469 billion GAAP (5) Non-GAAP Adjustments (1) Non-GAAP (1) Gross Profit 61.40% to 62.40% $11.7 to $12.7 million 62.25% to 63.25% Operating Expenses (2) 40.20% to 40.60% $164.0 to $168.0 million 28.75% to 29.25% Operating Income 20.80% to 22.20% $175.7 to $180.7 million 33.00% to 34.50% Other Expense, net $49.2 to $49.8 million $(0.2) to $0.2 million $49.0 to $50.0 million Income Tax Provision $67.6 to $89.9 million (3) $(44.2) to $(25.0) million $42.6 to $45.8 million (4) Net income $182.8 to $186.8 million $200.6 to $225.1 million $383.4 to $411.9 million Dividends on Series A Preferred Stock $(27.8) million $27.8 million — Net income attributable to common stockholders $155.0 to $159.0 million $228.4 to $252.9 million $383.4 to $411.9 million Diluted Common Shares Outstanding Approximately 549.7 to 550.4 million shares 22.7 to 23.0 million shares Approximately 572.4 to 573.4 million shares Diluted net income per common share $0.28 to $0.29 $0.39 to $0.42 $0.67 to $0.71 (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 June 30, 2026. Therefore, our estimate of GAAP operating expenses excludes certain amounts that may be recognized as Special Charges and Other, net in the quarter ending June 30, 2026. (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 2027, excluding any transition tax payments as
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.