{"schema_version":"secwatch.filing_event.v1","accession":"0000827054-24-000022","form_type":"8-K","ticker":"MCHP","cik":"0000827054","company_name":"MICROCHIP TECHNOLOGY INC","filed_at":"2024-02-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.014470+00:00","generated_at":"2026-06-06T12:19:14.414309+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Microchip Q3 revenue drops 21.7% sequentially; GAAP EPS beats guidance but non-GAAP misses","bullets":["Net sales $1.766B, down 21.7% QoQ and 18.6% YoY; preliminary guidance had indicated a 22% sequential decline.","GAAP EPS $0.77 (guidance $0.68-$0.76); non-GAAP EPS $1.08 (guidance $1.09-$1.17).","Dividend increased 25.7% to $0.45/share for the March quarter, a record quarterly dividend.","Paid down $392M of debt in the quarter; cumulative $7.1B over 22 quarters; net leverage 1.27x.","Returned $352M to shareholders via $237.4M dividends and $114.6M share repurchases (1.4M shares at avg $82.66)."],"urls":{"canonical":"https://secwatch.observer/filing/0000827054-24-000022","json":"https://secwatch.observer/filing/0000827054-24-000022.json","markdown":"https://secwatch.observer/filing/0000827054-24-000022.md","text":"https://secwatch.observer/filing/0000827054-24-000022.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/827054/000082705424000022/0000827054-24-000022-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/827054/000082705424000022/mchp-20240201.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T12:19:14.414309+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1030b6cf38ef481279895fcbdf67bfe101721416","claim":"MICROCHIP TECHNOLOGY INC reported third quarter of fiscal year 2024 results: revenue $1.766 billion, net income $419.2 million, EPS $0.77 per diluted share.","evidence_excerpt":"INVESTOR RELATIONS CONTACT: J. Eric Bjornholt -- CFO..... (480) 792-7804 MICROCHIP TECHNOLOGY ANNOUNCES FINANCIAL RESULTS FOR THIRD QUARTER OF FISCAL YEAR 2024 • Net sales of $1.766 billion, down 21.7% sequentially and down 18.6% from the year ago quarter. Our preliminary net sales results provided on January 8, 2024 was for net sales to be down 22% sequentially. •","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/827054/000082705424000022/0000827054-24-000022-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter of fiscal year 2024"},{"label":"Revenue","value":"$1.766 billion"},{"label":"Net income","value":"$419.2 million"},{"label":"EPS","value":"$0.77 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}