Financial Performance - Net sales for the fourth quarter of fiscal 2025 were 1.326 billion in the prior year's fourth quarter[8]. - On a GAAP basis, the net loss attributable to common stockholders for the fourth quarter was 0.29 per diluted share, compared to a net income of 0.28 per diluted share in the prior year[9]. - Non-GAAP net income for the fourth quarter was 0.11 per diluted share, down from 0.57 per diluted share in the prior year[10]. - For the fiscal year ended March 31, 2025, net sales were 7.634 billion in the prior fiscal year[11]. - Non-GAAP net income for the fiscal year was 2.698 billion in the prior fiscal year[13]. - Net sales for Q4 2025 were 1,325.8 million in Q4 2024[27]. - Gross profit for Q4 2025 was 789.9 million in Q4 2024, resulting in a GAAP gross profit margin of 51.6%[30]. - Operating loss for Q4 2025 was 253.5 million in Q4 2024[27]. - Non-GAAP gross profit for Q4 2025 was (100.3) million, compared to a profit of 136.0 million, down from (156.8) million, compared to a profit of 61.4 million, down from 205.9 million, down from 191.7 million, compared to 0.11, down from 244.8 million to stockholders in the March quarter through dividends[5]. - The company plans to pay a quarterly cash dividend of 45.5 cents per share on June 5, 2025[14]. Future Outlook - The company expects net sales for the June 2025 quarter to be between 1.07 billion[7]. - Microchip expects net sales for the June 2025 quarter to be between 1.070 billion[1]. Operational Strategy - The company is focused on enhancing operational capabilities through efficient manufacturing and improved inventory management[1]. - Strategic financial moves and disciplined cost management are aimed at navigating current market challenges[1]. - Microchip is well-positioned to capitalize on growth opportunities in automotive, industrial, and e-mobility markets[1]. - The company plans to selectively expand production capacity and add research and development equipment[1]. - Microchip's strategic initiatives continue to deliver value across markets[1]. - The company emphasizes the importance of its long-term supply assurance program[1]. - Microchip is monitoring the impact of the CHIPS Act on manufacturing capacity in the industry[1]. Customer Base - Microchip serves approximately 109,000 customers across various markets including industrial, automotive, and consumer[1]. Debt Management - The company reduced total net debt by roughly $1.30 billion through a mandatory convertible preferred offering[7].
Microchip Technology Incorporated(MCHPP) - 2025 Q4 - Annual Results