微芯科技 2025年季度报告

Washington, D.C. 20549 FORM 10-Q (Mark One) ☐QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 0-21184 MICROCHIP TECHNOLOGY INCORPORATED(Exact Name of Registrant as Specified in Its Charter) 86-0629024 Delaware (State or Other Jurisdiction ofIncorporation or Organization) (IRS Employer Identification No.) 2355 W. Chandler Blvd., Chandler, AZ 85224-6199(Address of Registrant's Principal Executive Offices) (480) 792-7200(Registrant's Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act: Name of Each Exchange onWhich RegisteredNASDAQ Stock Market LLC(Nasdaq Global Select Market) Title of Each Class Trading Symbol(s) MCHP Common Stock, $0.001 par value Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorterperiod that the registrant was required to file such reports), and (2) has been subject to the filingrequirements for the past 90 days.Yes☐No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data Filerequired to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during thepreceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☐No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of"large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growthcompany" in Rule 12b-2 of the Exchange Act: Large accelerated filer☐Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use theextended transition period for complying with any new or revised financial accounting standardsprovided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of theExchange Act).Yes☐No☐ The number of shares outstanding of the registrant's Common Stock, $0.001 par value, as ofJanuary 28, 2025 was 537,818,969. MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES INDEX PART I. FINANCIAL INFORMATION MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(in millions, except share and per share amounts; unaudited) 6 (in millions; unaudited) Nine Months Ended December31, (in millions; unaudited) Table of ContentsMICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIESNotes to Condensed Consolidated Financial Statements The accompanying unaudited condensed consolidated financial statements include the accounts ofMicrochip Technology Incorporated and its majority-owned and controlled subsidiaries (theCompany). All significant intercompany accounts and transactions have been eliminated in consolidation.All dollar amounts in the financial statements and tables in these notes, except per share amounts, arestated in millions of U.S. dollars unless otherwise noted. The accompanying unaudited condensed consolidated financial statements have been prepared inaccordance with U.S. GAAP, pursuant to the rules and regulations of the SEC. The information furnishedherein reflects all adjustments which are, in the opinion of management, of a normal recurring nature andnecessary for a fair statement of the results for the interim periods reported. Certain information andfootnote disclosures normally included in audited consolidated financial statements have been condensedor omitted pursuant to such SEC rules and regulations. It is suggested that these condensedconsolidated financial statements be read in conjunction with the audited consolidated financialstatements and the notes thereto included in the Company's Annual Report on Form 10-K for the fiscalyear ended March 31, 2024. The results of operations for the three and nine months endedDecember 31, 2024 are not necessarily indicative of the results that may be expected for the fiscal yearending March 31, 2025 or for any other period. Note 2. Recently Issued Accounting Pronouncements and Other Developments Recently Issued Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued ASU 2023-07-Segment Reporting (Topic 280): Improvements toReportable Segment Disclosures, which requires public entities to disclose significant segment expensesthat are regularly provided to the chief operating decision maker and included within each reportedmeasure of segment profit or loss, and an amount and description of the composition of other segmentitems to reco