secwatch.observer — SEC 8-K summary
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Issuer:     MICROCHIP TECHNOLOGY INC (MCHP)
CIK:        0000827054
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000827054-23-000183
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827054/000082705423000183/0000827054-23-000183-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827054/000082705423000183/mchp-20231102.htm
  HTML page:      https://secwatch.observer/filing/0000827054-23-000183

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