Microchip reports Q4 net sales down 40.6% YoY; GAAP EPS $0.28; dividend raised 18%

MICROCHIP TECHNOLOGY INC

2024-FY EPS reported $3.48 revenue$7,634,400,000

Q4 net sales $1.326B, down 24.9% sequentially and 40.6% YoY; GAAP EPS $0.28, above guidance midpoint ($0.13-$0.32).
Full-year FY2024 net sales $7.634B, down 9.5% YoY; Non-GAAP EPS $4.92 vs $7.05 prior year.
Record quarterly dividend $0.452/share, up 18% YoY; $629.9M returned to shareholders via dividends and buybacks.
Cumulative buyback $2.354B over ten quarters; remaining capacity under $4.0B program.

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 fourth quarter and fiscal year 2024.

Period: fourth quarter and fiscal year 2024
Result: reported results

Exact text from the filing

On May 6, 2024, we announced the results of our operations for the fourth quarter and fiscal year 2024. The complete release is attached to this report as Exhibit 99.1.

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Source: SEC EDGAR

accession 0000827054-24-000078

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