Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2020









RECONCILIATION OF GAAP RESEARCH AND DEVELOPMENT EXPENSES TO NON-GAAP RESEARCH AND DEVELOPMENT EXPENSES

 Three Months Ended Nine Months Ended
 December 31, December 31,
 2019 2018 2019 2018
Research and development expenses, as reported$217.1  $217.7  $656.0  $611.6 
Share-based compensation expense(21.2) (19.4) (63.0) (53.2)
Acquisition-related costs  (0.3) (0.1) (1.3)
Non-GAAP research and development expenses$195.9  $198.0  $592.9  $557.1 
Non-GAAP research and development expenses as a percentage of net sales15.2% 14.4% 15.0% 13.9%
            






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