secwatch.observer — SEC 8-K summary
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Issuer:     MICROCHIP TECHNOLOGY INC (MCHP)
CIK:        0000827054
Form:       8-K
Filed at:   2022-05-09T23:59:59+00:00
Accession:  0000827054-22-000076
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Microchip Q4 net sales $1.844B record; EPS beat guidance; dividend up 9%
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- Q4 net sales $1.844B record, up 4.9% sequentially and 25.7% YoY, above midpoint guidance of $1.819B.
- GAAP EPS $0.77 diluted; Non-GAAP EPS $1.35 diluted, both above guidance ranges ($0.66-$0.68 and $1.22-$1.28).
- Record GAAP gross margin 66.2%, Non-GAAP 66.6%; record operating income $549.5M GAAP, $824.9M Non-GAAP.
- Record quarterly dividend $0.276/share, up 9.1% sequentially and 33.7% YoY; paid down $205.9M debt in Q4.
- Repurchased $259.6M (3.6M shares) in Q4 under $4.0B buyback program; FY2022 net sales record $6.821B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827054/000082705422000076/0000827054-22-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827054/000082705422000076/mchp-20220509.htm
  HTML page:      https://secwatch.observer/filing/0000827054-22-000076

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