Revenue during the quarter went down marginally by 0.32 percent to $442.90 million from $444.30 million in the previous year period. Gross margin for the quarter expanded 1900 basis points over the previous year period to 64.15 percent. Operating margin for the quarter period stood at positive 15.60 percent as compared to a negative 22.03 percent for the previous year period.

Operating income for the quarter was $69.10 million, compared with an operating loss of $97.90 million in the previous year period.

However, the adjusted operating income for the quarter stood at $137.50 million compared to $116.20 million in the prior year period. At the same time, adjusted operating margin improved 489 basis points in the quarter to 31.05 percent from 26.15 percent in the last year period.

"I am pleased our second fiscal quarter of 2017 delivered record non-GAAP gross and operating margins and we strengthened our position across all our end markets," said James J. Peterson, Microsemi's chairman and chief executive officer. "With the ongoing realization of market share gains, design wins and integration synergies, we are well-positioned to continue our strategic execution to the benefit of our shareholders."