Microchip Q2 FY24: GAAP EPS $1.21, Non-GAAP $1.62; rev $2.254B up 8.7% YoY

MICROCHIP TECHNOLOGY INC

2024-Q2 EPS reported $2.42 revenue$4,542,900,000

Net sales $2.254B, down 1.5% seq, up 8.7% YoY; record GAAP net income $666.6M, diluted EPS $1.21 (guidance $1.18-$1.21).
Non-GAAP EPS $1.62 (guidance $1.60-$1.64); Non-GAAP operating margin 48.1% of sales.
Quarterly dividend raised 33.8% to $0.439/share; $339.8M stock buyback (4.2M shares at avg $80.78) in Q2.
Returned ~$562.5M to shareholders via dividends and buybacks; cumulative $1.852B buyback over eight quarters.

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 second quarter of fiscal year 2024.

Period: second quarter of fiscal year 2024
Result: reported results

Exact text from the filing

On November 2, 2023, we announced the results of our operations for the second quarter of fiscal year 2024. The complete release is attached to this report as Exhibit 99.1.

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

MICROCHIP TECHNOLOGY INC filing history →

Source: SEC EDGAR

accession 0000827054-23-000183

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