Microchip Technology Announces Record Financial Results for Second Quarter of Fiscal Year 2023
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MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP MEASURES
(in millions, except per share amounts and percentages; unaudited) |
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RECONCILIATION OF GAAP GROSS PROFIT TO NON-GAAP GROSS PROFIT |
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| | Three Months Ended September 30, | | Six Months Ended September 30, |
| | | 2022 | | | | 2021 | | | | 2022 | | | | 2021 | |
| Gross profit, as reported | $ | 1,397.9 | | | $ | 1,068.3 | | | $ | 2,707.8 | | | $ | 2,075.9 | |
| Share-based compensation expense | | 6.5 | | | | 9.1 | | | | 14.2 | | | | 17.9 | |
| Non-GAAP gross profit | $ | 1,404.4 | | | $ | 1,077.4 | | | $ | 2,722.0 | | | $ | 2,093.8 | |
| Non-GAAP gross profit percentage | | 67.7 | % | | | 65.3 | % | | | 67.4 | % | | | 65.0 | % |
