The company said net sales for the 3-month period ended September 30, 2024 were $1.164 billion, down 6.2% from the previous quarter and down 48.4% from the year-ago quarter. The midpoint of its outlook given on August 1 was net sales of $1.150 billion.

1. 01

   The company said net sales for the 3-month period ended September 30, 2024 were $1.164 billion, down 6.2% from the previous quarter and down 48.4% from the year-ago quarter. The midpoint of its outlook given on August 1 was net sales of $1.150 billion.

2. 02

   Microchip reported GAAP net income of $78.4 million ($0.14 per diluted share) and non-GAAP net income of $250.2 million ($0.46 per diluted share) for the same quarter. GAAP net income for the year-ago quarter was $666.6 million, and non-GAAP net income was $889.3 million.

3. 03

   The company said it returned about $261.0 million to shareholders in September quarter, including dividends of $243.7 million and share repurchases of $17.3 million (0.2 million shares). It said the December quarterly dividend of 45.5 cents per share was up 3.6% from the year-ago quarter.

4. 04

   The company said it expects net sales for December quarter to be between $1.025 billion and $1.095 billion. It also said it expects capital expenditures of about $20 million for that quarter and about $150 million for the full 2025 fiscal year.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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