HighGravityDataMicrochip Technology — Nov 5, 2024 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000827054-24-000205
Showing in the filing
Quarterly cash dividend
“45.5 cents per share”
Period
Q3 FY2025
Measure
Declared action
Source
Prose
All guidance in this release · 21
Quarterly cash dividend for Q3 FY2025
“45.5 cents per share”
Quarterly dividend
“45.5 cents per share”
Net sales for Q3 FY2025
“between $1.025 billion and $1.095 billion”
Gross Profit (GAAP) for Q3 FY2025
“56.2% to 58.1%”
Gross Profit (Non-GAAP) for Q3 FY2025
“57.0% to 59.0%”
Operating Expenses (GAAP) for Q3 FY2025
“49.1% to 51.4%”
Operating Expenses (Non-GAAP) for Q3 FY2025
“33.2% to 34.8%”
Operating Income (GAAP) for Q3 FY2025
“4.8% to 9.1%”
Operating Income (Non-GAAP) for Q3 FY2025
“22.2% to 25.8%”
Other Expense, net (GAAP) for Q3 FY2025
“$69.3 to $69.7 million”
Other Expense, net (Non-GAAP) for Q3 FY2025
“$69.5 million”
Income Tax Provision (GAAP) for Q3 FY2025
“$1.0 to $13.0 million”
Income Tax Provision (Non-GAAP) for Q3 FY2025
“$22.1 to $25.6 million”
Net Income (loss) (GAAP) for Q3 FY2025
“($21.1) to $16.5 million”
Net Income (loss) (Non-GAAP) for Q3 FY2025
“$135.9 to $187.4 million”
Diluted Common Shares Outstanding (GAAP) for Q3 FY2025
“Approximately 537.3 to 543.0 million shares”
Diluted Common Shares Outstanding (Non-GAAP) for Q3 FY2025
“Approximately 543.0 million shares”
Earnings (Loss) per Diluted Share (GAAP) for Q3 FY2025
“($0.04) to $0.03”
Earnings (Loss) per Diluted Share (Non-GAAP) for Q3 FY2025
“$0.25 to $0.35”
Capital expenditures for Q3 FY2024
“about $20 million”
Capital expenditures for FY2025
“about $150 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
For the second quarters of fiscal 2025 and fiscal 2024, our non-GAAP income tax expense is presented based on projected cash taxes for the applicable fiscal year, excluding transition tax payments under the Tax Cuts and Jobs Act. A reconciliation of our non-GAAP and GAAP results is included in this press release. Microchip announced today that its Board of Directors declared a record quarterly cash dividend on its common stock of 45.5 cents per share, up 3.6% from the year ago quarter. The quarterly dividend is payable on December 6, 2024 to stockholders of record on November 22, 2024. "Our September quarter results were consistent with our guidance, as we continued to navigate through an inventory correction that’s occurring in the midst of macro weakness for many manufacturing businesses, accentuated by heightened weakness in our European business which is concentrated with Industrial and Automotive customers," said Ganesh Moorthy, President and Chief Executive Officer. "The 'green shoots' we saw in recent quarters have progressed unevenly - - more - - Microchip Technology Reports Second Quarter Fiscal 2025 Financial Results Page 3 with essentially flat sequential bookings, normalized cancellation rates and much higher expedite requests, which we believe are all positive signs for a potential bottom formation despite limited visibility." Eric Bjornholt, Microchip's Chief Financial Officer, said, "Our September quarter results reflect continued customer destocking efforts and sluggish end-market demand. We are maintaining strong cost discipline and balance sheet management while taking actions to ensure operational readiness
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.