Microchip Technology Announces Financial Results for Third Quarter Fiscal Year 2014

  • Net sales of $482.4 million, down 2.1% sequentially and up 15.9% from net sales in the year ago quarter.
  • On a non-GAAP basis: gross margins of 59.0%; operating income of $153.8 million; net income of $132.9 million; and EPS of 61 cents per diluted share. The First Call published estimate for non-GAAP diluted EPS was 60 cents.
  • On a GAAP basis: gross margins of 58.6%; operating income of $116.9 million; net income of $105.4 million; and EPS of 48 cents per diluted share. There was no published First Call estimate for GAAP EPS.
  • Record net sales of analog products of $108.9 million.

CHANDLER, Ariz. — (BUSINESS WIRE) — January 30, 2014 — Microchip Technology Incorporated (NASDAQ: MCHP), a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, today reported results for the three months ended December 31, 2013 as summarized in the following table:

   
(in millions, except earnings per diluted share and percentages)     Three Months Ended December 31, 2013
      GAAP1    

% of Net
Sales

   

Non-
GAAP1

   

% of Net
Sales

Net Sales     $482.4           $482.4      
Gross Margin     $282.7     58.6%     $284.6     59.0%
Operating Income     $116.9     24.2%     $153.8     31.9%

Other Expense (including Gains/Losses on Equity Method Investments)

    $4.3           $4.5      
Income Tax Expense     $7.2           $16.4      
Net Income     $105.4     21.9%     $132.9     27.5%
Earnings per Diluted Share     48 cents           61 cents      

1 See the “Use of Non-GAAP Financial Measures” section of this release.

 

1 | 2 | 3 | 4  Next Page »



Review Article Be the first to review this article
Aldec

Featured Video
Jobs
Principle Electronic Design Engr for Cypress Semiconductor at San Jose, California
Senior Electrical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Director, Business Development for Kongsberg Geospatial at Ottawa, Canada
Director, Business Development for Kongsberg Geospatial at remote from home, Any State in the USA
Upcoming Events
IPC Technical Education - PCB Layout - Place and Route at Del Mar Fairgrounds 2260 Jimmy Durante Blvd. Del Mar CA - May 2, 2018
IPC Technical Education at Wisconsin Center 400 W Wisconsin Ave. Milwaukee WI - May 8, 2018
IPC High Reliability Forum at Embassy Suites: Baltimore-At BWI Airport 1300 Concourse Drive Linthicum MD - May 15 - 17, 2018
DownStream: Solutions for Post Processing PCB Designs
TrueCircuits: IoTPLL
DAC2018



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise