Microchip Q4 record sales $2.233B; EPS $1.09/$1.64; dividend +38.8%

MICROCHIP TECHNOLOGY INC

2023-FY EPS reported $4.02 revenue$8,438,700,000

Record net sales $2.233B (+21.1% YoY); GAAP EPS $1.09, Non-GAAP EPS $1.64, above guidance midpoints.
Quarterly dividend raised 38.8% to $0.383/share, declared for June quarter.
Paid down $153M debt in quarter; cumulative $6.3B debt reduction over 19 quarters; net leverage 1.45x.
Returned $469.8M to shareholders: $195.9M dividends + $273.9M buybacks (3.3M shares at avg $82.55).
Fiscal 2023 record net sales $8.439B; GAAP EPS $4.02, Non-GAAP EPS $6.02.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MICROCHIP TECHNOLOGY INC reported financial results for the fourth quarter and fiscal year 2023.

Period: the fourth quarter and fiscal year 2023
Result: reported results

Exact text from the filing

On May 4, 2023, we announced the results of our operations for the fourth quarter and fiscal year 2023.

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

MICROCHIP TECHNOLOGY INC filing history →

Source: SEC EDGAR

accession 0000827054-23-000060

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.