Allegro MicroSystems

Allegro MicroSystems, Inc. develops and is a fabless manufacturer of sensor integrated circuits (“ICs”) and application-specific analog power ICs. Its sensor ICs enable customers to precisely measure motion, speed, position and current, while its power ICs include high-temperature and high-voltage capable motor driver, power management and light emitting diode (“LED”) driver ICs. The company was founded on March 30, 2013 and is headquartered in Manchester, NH.

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Allegro MicroSystems reports record Q4 sales, anticipates growth opportunities

Allegro MicroSystems delivered strong financial performance in Q4, driven by robust sales in strategic growth areas and the industrial market. While facing short-term challenges in Japan and potential demand fluctuations, the company remains focused on long-term growth and anticipates increased sales in strategic sectors.

Allegro MicroSystems Achieves Record Sales and Drives Innovation in E-Mobility

Allegro MicroSystems delivered exceptional Q1 results, driven by robust sales in e-Mobility and the Industrial market. The company's focus on innovation and sustainability positions them well for future growth. However, managing the transition to industry standard lead times and backlog moderation will be critical.

Allegro MicroSystems reports record Q3 earnings and outlines growth plans

Allegro MicroSystems delivered exceptional financial performance in Q3, with strong sales growth, expanded margins, and increased earnings per share. The company is strategically positioned to benefit from the booming e-Mobility market and industrial sector growth. Challenges lie in maintaining supply chain improvements and executing expansion plans effectively.

Allegro MicroSystems posts record Q4 sales, eyes growth in e-mobility

Allegro MicroSystems delivered robust financial performance in Q4 2023, driven by strong sales growth in strategic sectors and innovative product offerings.
The company's focus on e-mobility and clean energy markets, coupled with a clear vision for future growth, positions it well for continued success.
While facing challenges in competitive markets, Allegro's commitment to R&D and customer-centric approach presents opportunities for sustained growth and market leadership.

Allegro MicroSystems reports record Q1 earnings, eyes e-mobility growth

Allegro MicroSystems delivered exceptional Q1 results, driven by robust sales growth and profitability. While facing challenges in the China market, the company is well-positioned to capitalize on opportunities in e-mobility and industrial sectors, supported by innovative product launches and sustainability initiatives.

Allegro MicroSystems excels in Q2 with e-mobility driving growth

Allegro MicroSystems' Q2 performance reflects strong sales growth driven by e-mobility and clean energy sectors. While facing challenges in industrial sales and supply chain concerns, the company remains focused on leveraging opportunities in the electrification and automation markets.

Allegro MicroSystems exceeds Q3 earnings, eyes e-mobility growth opportunities

Allegro MicroSystems delivered a strong Q3 performance, surpassing earnings expectations and demonstrating resilience in key growth areas. While facing challenges related to inventory dynamics, the company is well-positioned to capitalize on opportunities in e-mobility, localization, and product expansion. With a solid financial foundation and strategic initiatives in place, Allegro MicroSystems is poised for continued growth and innovation.

Allegro MicroSystems beats Q4 expectations, eyes growth in e-Mobility

Allegro MicroSystems delivered strong financial performance in Q4 and fiscal 2024, exceeding revenue and EPS guidance with record annual sales and design wins.
Despite short-term challenges in sales decline and pricing support concerns, the company is strategically positioned for future growth with innovative product launches and cost management.
Anticipating sequential growth in Q2 and a return to normal ordering patterns in Automotive, Allegro MicroSystems is poised for revenue recovery and market expansion.
With a focus on key growth areas and efficient resource allocation, the company aims to drive long-term growth and capitalize on opportunities in emerging markets.

Allegro MicroSystems beats Q1 sales, eyes growth amid challenges

Allegro MicroSystems delivered strong Q1 financial performance, exceeding sales expectations and showcasing solid margins and profitability.
With a focus on reducing inventory, launching new products, and securing design wins, Allegro is well-positioned for growth in automotive and industrial sectors.
Despite facing challenges in margin maintenance and shareholder integration, Allegro's outlook for Q2 2025 and strategic conference attendance offer promising opportunities for expansion.

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Allegro MicroSystems, Inc. engages in the development and manufacture of sensor integrated circuits (“ICs”) and application-specific analog power ICs. Its sensor ICs enable customers to precisely measure motion, speed, position and current, while its power ICs include high-temperature and high-voltage capable motor driver, power management and light emitting diode driver ICs. The company was founded on March 30, 2013 and is headquartered in Manchester, NH.

Mary Puma joined the Allegro board effective October 18, 2023 to fill the vacancy created by the retirement of Dr. Reza Kazerounian Mary Puma joined the Allegro board effective October 18, 2023 to fill the vacancy created by the retirement of Dr. Reza Kazerounian

Allegro MicroSystems Appoints Mary Puma to its Board of Directors

MANCHESTER, N.H., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its second quarter fiscal year 2024 prior to the market open on Thursday, November 2, 2023. Following the press release, Vineet Nargolwala, President and Chief Executive Officer, and Derek D'Antilio, Senior Vice President and Chief Financial Officer, will host a conference call at 8:30 a.m. Eastern Time to discuss the Company's results and business outlook.

Allegro MicroSystems to Announce Second Quarter Fiscal Year 2024 Financial Results

Allegro MicroSystems, Inc. (ALGM) closed at $30.81 in the latest trading session, marking a -0.84% move from the prior day.

Allegro MicroSystems, Inc. (ALGM) Stock Drops Despite Market Gains: Important Facts to Note

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Wall Street Analysts Look Bullish on Allegro MicroSystems, Inc. (ALGM): Should You Buy?

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Allegro Microsystems has a dominant position in the magnetic sensor market, which is its largest revenue segment. Both the magnetic sensor and power IC segments have shown significant improvement and strong growth over the years. The magnetic sensor market has a positive outlook, driven by increasing adoption in advanced use cases and rising demand for consumer electronics.

Allegro MicroSystems: Magnetic Sensor Leader

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Is It Worth Investing in Allegro MicroSystems, Inc. (ALGM) Based on Wall Street's Bullish Views?

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Down -26.16% in 4 Weeks, Here's Why Allegro MicroSystems, Inc. (ALGM) Looks Ripe for a Turnaround

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Allegro MicroSystems reported strong Q1 earnings, beating expectations, but its shares have since dropped 20%. The drop may be due to weak guidance for Q2 and concerns about the company's valuation. Allegro's strategic growth drivers, including e-Mobility and select Industrial markets, remain strong, and the company recently announced the acquisition of Crocus Technology.

Allegro MicroSystems: Big Post-Earnings Pullback Offers Fresh Entry Points

Tunnel Magnetoresistance ("TMR") Represents Fastest Growing Technology in Magnetic Sensing, Approaching $1B SAM by 2030 MILPITAS, Calif. , Aug. 8, 2023 /PRNewswire/ -- Crocus Technology ("Crocus"), a leader in advanced Tunnel Magnetoresistance ("TMR") sensor technology, today is announcing that it has signed a definitive agreement to be acquired for $420 million in cash by Allegro MicroSystems, Inc. ("Allegro") (Nasdaq: ALGM) a global leader in power and sensing semiconductor technology for motion control and energy efficient systems.

Crocus Technology Acquired by Allegro MicroSystems to Accelerate Innovation in TMR Sensing Technology

-- Tunnel Magnetoresistance (“TMR”) Represents Fastest Growing Technology in Magnetic Sensing Approaching $1B SAM by 2030 -- MANCHESTER, N.H., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor technology for motion control and energy efficient systems, today announced that it has signed a definitive agreement to acquire Crocus Technology (“Crocus”) for $420 million in cash.

Allegro MicroSystems to Acquire Crocus Technology to Accelerate Innovation in TMR Sensing Technology

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Allegro MicroSystems, Inc. (NASDAQ:ALGM ) Q1 2024 Earnings Conference Call August 1, 2023 8:30 AM ET Company Participants Jalene Hoover - VP of IR and Corporate Communications Vineet Nargolwala - President and CEO Derek D'Antilio - SVP and Chief Financial Officer Conference Call Participants Gary Mobley - Wells Fargo Joshua Buchalter - TD Cowen Christopher Caso - Wolfe Research Operator Good morning, and welcome to Allegro MicroSystems First Quarter Fiscal 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Allegro MicroSystems, Inc. (ALGM) Q1 2024 Earnings Call Transcript

Chipmaker Allegro MicroSystems topped Wall Street's targets for its fiscal first quarter and guided higher for the current period.

Allegro MicroSystems Gets Lift From Automotive, Clean Energy Markets

--Net Sales increased by 28% Year-over-Year to a New Record-- --Net Sales in Strategic Growth Areas Increased by 63% Year-over-Year-- --GAAP Diluted Earnings Per Share (EPS) increased by 520% Year-over-Year-- --Non-GAAP Diluted EPS increased by 63% Year-over-Year-- MANCHESTER, N.H., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro” or the “Company”) (Nasdaq:ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy efficient systems, today announced financial results for its first quarter which ended June 30, 2023.

Allegro MicroSystems Reports First Quarter 2024 Results

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Allegro MicroSystems' (ALGM) first-quarter fiscal 2024 performance will likely reflect strong momentum in its e-mobility, industrial and automotive segments despite macro uncertainties.

What's in Store for Allegro MicroSystems' (ALGM) Q1 Earnings?

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MANCHESTER, N.H., July 11, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its first quarter fiscal year 2024 prior to the market open on Tuesday, August 1, 2023. Following the press release, Vineet Nargolwala, President and Chief Executive Officer, and Derek D'Antilio, Senior Vice President and Chief Financial Officer, will host a conference call at 8:30 a.m. Eastern Time to discuss the Company's results and business outlook.

Allegro MicroSystems to Announce First Quarter Fiscal Year 2024 Financial Results

First Release in the Power-Thru Product Family Delivers 2× the Power Density with a Simpler and More Efficient System Design First Release in the Power-Thru Product Family Delivers 2× the Power Density with a Simpler and More Efficient System Design

Allegro MicroSystems Introduces New Isolated Gate Driver IC to Enable Leading Power Conversion Density

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News for Allegro MicroSystems Stock (ALGM)