secwatch.observer — SEC 8-K summary
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Issuer:     MICROCHIP TECHNOLOGY INC (MCHP)
CIK:        0000827054
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0000827054-24-000205
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Microchip Q2 FY2025 net sales $1.164B, down 48.4% YoY; EPS $0.14 GAAP, $0.46 non-GAAP
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- Net sales $1.164B, down 6.2% sequentially and 48.4% YoY; GAAP EPS $0.14, non-GAAP EPS $0.46, both within guidance range.
- GAAP gross margin 57.4%, non-GAAP 59.5%; a $13.3M legal settlement added $0.02 to EPS.
- Returned $261M to shareholders: $243.7M dividends and $17.3M share repurchases (0.2M shares at avg $76.86).
- Quarterly dividend raised 3.6% to a record 45.5 cents per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827054/000082705424000205/0000827054-24-000205-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827054/000082705424000205/mchp-20241105.htm
  HTML page:      https://secwatch.observer/filing/0000827054-24-000205

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