Microchip Technology Announces Financial Results for Second Quarter Fiscal Year 2015

CHANDLER, Ariz. — (BUSINESS WIRE) — October 30, 2014 — Microchip Technology Incorporated (NASDAQ: MCHP)

  • Record net sales of $546.2 million, up 3.3% sequentially on a GAAP basis, including $16.9 million of revenue from the ISSC acquisition.
  • Record net sales in each of our 8-bit, 16-bit and 32-bit microcontrollers.
  • On a non-GAAP basis: gross margins of 59.1%; record operating income of $177.3 million, net income of $150.2 million; and EPS of 67 cents per diluted share.
  • On a GAAP basis: gross margins of 56.3%; operating income of $101.3 million; net income of $93.6 million; and EPS of 42 cents per diluted share.

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 September 30, 2014 as summarized in the following table:

(in millions, except earnings per diluted share and percentages)     Three Months Ended September 30, 2014
      GAAP  

% of Net
Sales

 

Non-
GAAP1

 

% of Net
Sales

Net Sales     $546.2       $546.2    
Gross Margin     $307.5   56.3%   $322.8   59.1%
Operating Income     $101.3   18.5%   $177.3   32.5%
Other Expense (including Gains/Losses on Equity Method Investments)     $10.6       $8.2    
Income Tax Provision (benefit)     $(1.3)       $18.4    
Net Income before non-controlling interest     $92.0   16.8%   $150.7   27.6%
Net Income (loss) from non-controlling interest     $(1.6)       $0.5    
Net Income Attributable to Microchip     $93.6   17.1%   $150.2   27.5%
Earnings per Diluted Share     42 cents       67 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
SolidCAM: Program your CNCs directly inside your existing CAD system.


Featured Video
Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
Siemens Goes ECAD With Mentor Graphics Acquisition
Jobs
Mechanical Engineer for IDEX Corporation at West Jordan,, UT
Business Partner Manager for Cityworks - Azteca Systems, LLC at Sandy, UT
GIS Analyst II for Air Worldwide at Boston, MA
Senior Structural Engineer for Design Everest at San Francisco, CA
Upcoming Events
Design & Manufacturing, Feb 7 - 9, 2017 Anaheim Convention Center, Anaheim, CA at Anaheim Convention Center Anaheim CA - Feb 7 - 9, 2017
Innorobo 2017 at Docks de Paris Paris France - May 16 - 18, 2017
Display Week 2017 at Los Angeles Convention Center 1201 S Figueroa St Los Angeles CA - May 21 - 26, 2017



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise