Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2025

(1) Amortization of acquired intangible assets consists of core and developed technology and customer-related acquired intangible assets in connection with business combinations. Such charges are excluded for purposes of calculating certain non-GAAP measures. The use of acquired intangible assets contributed to our revenues earned during the periods presented.

RECONCILIATION OF GAAP OTHER EXPENSE, NET TO NON-GAAP OTHER EXPENSE, NET
 Three Months Ended September 30, Six Months Ended September 30,
 2024
 2023
 2024
 2023
Other expense, net, as reported$(55.1) $(51.4) $(112.4) $(106.2)
Loss on settlement of debt    3.1      12.2 
Loss on available-for-sale investments 1.8      1.8    
Non-GAAP other expense, net$(53.3) $(48.3) $(110.6) $(94.0)
GAAP other expense, net, as a percentage of net sales(4.7) % (2.3) % (4.7) % (2.3) %
Non-GAAP other expense, net, as a percentage of net sales(4.6) % (2.1) % (4.6) %   (2.1) %
               

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