secwatch.observer — SEC 8-K summary
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Issuer:     MICROCHIP TECHNOLOGY INC (MCHP)
CIK:        0000827054
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000827054-23-000060
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827054/000082705423000060/0000827054-23-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827054/000082705423000060/mchp-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000827054-23-000060

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer