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

Net sales of $1.164 billion, down 6.2$1.150 billion.Revenue, gross profit and non-GAAP gross profit were positively impacted by a $13.3 million legal settlement. This settlement also positively impacted GAAP and non-GAAP EPS by$0.02 per diluted share.On a GAAP basis: gross profit of 57.4%; operating income of $146.6 million and 12.6$78.4 million; an ...