Press release
Microchip Technology Announces Financial Results For Fourth Quarter and Fiscal Year 2025
For the quarter ended March 31, 2025 Net sales of $970.5 million, declined 5.4% sequentially and 26.8% from the year ago quarter. The midpoint of our guidance
About this update from Microchip Technology Incorporated
[{"type":"text","content":"For the quarter ended March 31, 2025 Net sales of $970.5 million, declined 5.4% sequentially and 26.8% from the year ago quarter. The midpoint of our guidance provided on February 6, 2025 was net sales of $960.0 million.On a GAAP basis: gross profit of 51.6%; operating loss of $100.3 million and 10.3% of net sales; net loss attributable to common stockholders of $156.8 million; and loss of $0.29 per diluted share. Our guidance provided on February 6, 2025 was for GAAP loss per diluted share of $0.24 to $0.14 and did not include the restructuring charges that we announced on March 3, 2025 or the preferred stock dividend related to our mandatory convertible preferred stock financing in March 2025.On a Non-GAAP basis: gross profit of 52.0%; operating income of $136.0 million and 14.0% of net sales; net income of $61.4 million; and EPS of $0.11 per diluted share. Our guidance provided on February 6, 2025 was for Non-GAAP EPS per diluted share of $0.05 to $0.15.Returned approximately $244.8 million to stockholders in the March quarter through dividends.Quarterly dividend on common stock declared for the June quarter of 45.5 cents per share. For fiscal year 2025 Net sales of $4.402 billion decreased 42.3% over the prior year.On a GAAP basis: gross profit of 56.1%; operating income of $296.3 million; net loss attributable to common stockholders of $2.7 million, adversely impacted by purchase accounting adjustments associated with our previous acquisitions, restructuring charges and the preferred stock dividend related to our mandatory convertible preferred stock financing in March 2025 and loss of $0.01 per diluted share.On a Non-GAAP basis: gross profit of 57.0%; operating income of $1.078 billion and 24.5% of net sales; net income of $708.8 million and EPS of $1.31 per diluted share.Paid down $356.2 million of total debt and returned $1.066 billion to shareholders through dividends and share repurchases. CHANDLER, Ariz., May 08, 2025 (GLOBE NEWSWIRE) -- - (NASDAQ: MCHP) - Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today reported results for the three months and fiscal year ended March 31, 2025. Steve Sanghi, Microchip’s CEO and President commented that \"Our March quarter revenue of $970.5 million exceeded the midpoint of our guidance, and we believe marks the bot...