secwatch.observer — SEC 8-K summary
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Issuer:     MICROCHIP TECHNOLOGY INC (MCHP)
CIK:        0000827054
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0000827054-24-000078
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827054/000082705424000078/0000827054-24-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827054/000082705424000078/mchp-20240506.htm
  HTML page:      https://secwatch.observer/filing/0000827054-24-000078

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