---
schema_version: "secwatch.filing_event.v1"
accession: "0000827054-23-000183"
form_type: "8-K"
ticker: "MCHP"
cik: "0000827054"
company_name: "MICROCHIP TECHNOLOGY INC"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:22:56.935900+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000827054-23-000183
- form_type: 8-K
- ticker: MCHP
- cik: 0000827054
- company_name: MICROCHIP TECHNOLOGY INC
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827054/000082705423000183/0000827054-23-000183-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827054/000082705423000183/mchp-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000827054-23-000183
- JSON: https://secwatch.observer/filing/0000827054-23-000183.json
- Plain text: https://secwatch.observer/filing/0000827054-23-000183.txt

## Key facts
- Earnings Releases
  MICROCHIP TECHNOLOGY INC reported financial results for second quarter of fiscal year 2024.
  - Period: second quarter of fiscal year 2024
  - Result: reported results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/827054/000082705423000183/0000827054-23-000183-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.