Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2024

 
RECONCILIATION OF GAAP INCOME TAX PROVISION TO NON-GAAP INCOME TAX PROVISION
 Three Months Ended December 31, Nine Months Ended December 31,
  2023  2022  2023  2022
Income tax provision as reported$        65.1  $        181.9  $        414.0  $        474.2 
Income tax rate, as reported         13.4%          23.9%          19.1%          22.5%
Other non-GAAP tax adjustment         25.2           (65.2)          (27.2)          (175.1)
Non-GAAP income tax provision$        90.3  $        116.7  $        386.8  $        299.1 
Non-GAAP income tax rate           13.2 %             11.9 %             13.9 %             10.9 %



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