Microchip Technology Q3 Earnings Call Highlights

On a GAAP basis, Microchip reported gross margin of 59.6% and net income attributable to common shareholders of 34.9million,or34.9 million , or 0.06 per share . GAAP operating expenses totaled 555.2million,includingacquisitionandintangibleamortizationof555.2 million , including acquisition and intangible amortization of 107.6 million , special charges of 4.8millionlargelytiedtotheclosureofFab2,andsharebasedcompensationof4.8 million largely tied to the closure of Fab 2, and share-based compensation of 62.1 million .Non-GAAP gross margin was 60.5% , which included 51.7millionofcapacityunderutilizationchargesand51.7 million of capacity underutilization charges and 58.4 million of new in ...