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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 26, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to _____________ Delaware 46-2405937 (State or other jurisdiction of incorporation or organization) 955 Perimeter Road Manchester, New Hampshire 03103 (Ad ...

Allegro MicroSystems (NasdaqGS:ALGM) Q2 2026 Earnings Call October 30, 2025 08:30 AM ET Speaker1Good morning and welcome to Allegro MicroSystems second quarter fiscal year 2026 earnings conference call. Please be advised that today's conference is being recorded. I would now like to hand the conference over to Jalene Hoover, Vice President of Investor Relations and Corporate Communications.Speaker4Thank you, Kathy. Good morning and thank you for joining us today to discuss Allegro MicroSystems' fiscal secon ...

Allegro MicroSystems, Inc. (ALGM) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +8.33%. A quarter ago, it was expected that this company would post earnings of $0.09 per share when it actually produced earnings of $0.09, delivering no surprise.Over the last four quarters, the compan ...

OCTOBER 30, 2025 2QFY26 Investor Presentation Forward-looking statements This presentation and the accompanying oral remarks contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward- looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other t ...

Financial Performance - Total net sales for the second quarter of fiscal year 2026 were $214 million, representing a 14% increase year-over-year[1][2] - Automotive sales reached $155.8 million, up 12% from the previous quarter and 12% year-over-year, while Industrial and Other sales were $58.4 million, a 22% increase year-over-year[2][16] - The company expects total net sales for the third quarter to be between $215 million and $225 million, implying a growth of 24% year-over-year at the midpoint[3] - Total net sales for the three-month period ended September 26, 2025, reached $214.294 million, a 14% increase from $187.391 million in the same period last year[17] - For the six-month period ended September 26, 2025, total net sales were $417.699 million, an 18% increase compared to $354.310 million in the prior year[17] Profitability - Non-GAAP EPS for the second quarter was $0.13, an increase of over 60% year-over-year[2] - Operating income for the second quarter was $6.2 million, compared to an operating loss of $6.6 million in the same period last year[16] - The company reported a net income of $6.5 million for the second quarter, a significant recovery from a net loss of $33.7 million in the prior year[16] - The company reported a net income of $6.583 million for the three-month period ended September 26, 2025, compared to a net loss of $33.613 million in the same period last year[21] - GAAP Net Income for the three-month period was $6,583,000, compared to a loss of $13,162,000 in the previous quarter[29] Expenses - Research and development expenses for the second quarter were $50.9 million, up from $43.5 million year-over-year[16] - GAAP Operating Expenses for the three-month period were $93,049,000, compared to $94,042,000 in the previous quarter, showing a slight decrease of 1.1%[27] - Non-GAAP Operating Expenses decreased to $76,456,000 from $75,312,000, indicating a 1.5% reduction[27] Cash Flow and Assets - Cash and cash equivalents at the end of the period were $126.814 million, down from $199.038 million at the end of the previous year[21] - Total assets decreased to $1.384 billion as of September 26, 2025, from $1.421 billion as of March 28, 2025[19] - Total liabilities decreased to $438.499 million from $489.861 million during the same period[19] Non-GAAP Measures - Non-GAAP financial measures are regularly reviewed to evaluate business performance, including non-GAAP Gross Profit and non-GAAP Operating Income[22] - The company plans to continue using non-GAAP measures to provide supplemental information regarding operating performance, excluding certain non-cash or infrequent items[23] - Non-GAAP Gross Profit for the same period was $106,194,000, up from $97,984,000, reflecting an 8.3% increase[26] - Non-GAAP Operating Income for the three-month period was $29,738,000, up from $22,672,000, marking a 31.5% increase[28] - Non-GAAP Net Income attributable to Allegro MicroSystems for the three-month period ended September 26, 2025, was $23,753,000, an increase from $15,959,000 in the previous quarter[32] Margins - Gross margin for the third quarter is projected to be between 49% and 51%[4] - Non-GAAP Gross Margin for the three-month period was 49.6%, up from 48.2% in the previous quarter[26] - Non-GAAP Operating Margin for the three-month period was 13.9%, compared to 11.1% in the previous quarter, indicating a significant improvement[28] Taxation - The GAAP effective tax rate for the three-month period ended September 26, 2025, was 342.5%[31] - Non-GAAP effective tax rate for the three-month period ended September 26, 2025, was 5.7%[31] Other Financial Metrics - Adjusted EBITDA for the three-month period was $40,823,000, compared to $33,368,000 in the previous quarter, representing a 22.3% growth[29] - Non-GAAP Profit before Tax for the three-month period was $25,252,000, an increase from $17,710,000, reflecting a 42.5% rise[30] - The company incurred transaction-related costs of $1,000 for the three-month period ended September 26, 2025[32] - The company reported a loss on change in fair value of forward repurchase contract of $34,752,000 for the three-month period ended September 27, 2024[32]

Sales Increased 14% Year-Over-Year to $214 MillionMANCHESTER, N.H., Oct. 30, 2025 (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 second quarter ended September 26, 2025. “We delivered strong second quarter results, with sales of $214 million, up 14% year-over-year, and led by growth in both e-Mobility and Industri ...

MANCHESTER, N.H., Oct. 21, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy-efficient systems, today introduced the industry's first commercially available magnetic current sensor to achieve 10 MHz bandwidth featuring Allegro’s advanced XtremeSense™ TMR (tunneling magnetoresistance) technology. The new ACS37100 TMR current sensor helps power system designers master the control signal chain and unlock ...

Summary of Conference Call Notes Industry Overview: Semiconductors Key Insights - **Stability in Demand**: The semiconductor industry is experiencing stable trends in Q3 and Q4, with diversified semiconductor sales expected to grow 6.5% QoQ in Q3, which is 180bps above seasonal trends. However, Q4 is projected to be flat QoQ, 290bps above a historical decline of -3% [1][2] - **Cyclical Recovery**: Despite expectations for a broad-based recovery, demand remains tepid, particularly in the automotive sector, which is still facing challenges [1][2][3] - **Utilization Rates**: Commentary on utilization rates in Q4 and Q1 will be critical for assessing vendor confidence in recovery [1] Sector-Specific Trends - **Industrial Semiconductors**: Companies like TXN and ADI are expected to grow 13% and 21% YoY in CY25, respectively. However, all major PMIs are currently below 50, indicating potential impacts on recovery confidence [2] - **Automotive Semiconductors**: The automotive sector shows mixed signals, with strong performance in China but ongoing struggles in the US and Europe. Companies like NXPI are favored due to their unique product offerings [3] - **AI and Data Center Demand**: Fast-growing segments such as data centers and defense are expected to drive upside, with companies like MCHP and ON benefiting from AI-related sales [1][2] Company-Specific Insights Texas Instruments (TXN) - **Outlook**: TXN is rated as Underperform with a price objective of $190. Q3 results are expected to be in line, but Q4 may face headwinds due to muted cyclical trends [11][12] - **Sales Projections**: Expected Q3 sales of $4.64 billion (+4.2% QoQ) and Q4 guidance could be below consensus [12][13] NXP Semiconductors (NXPI) - **Outlook**: NXPI is rated as a Buy with a price objective of $270. Q3 sales are expected to be in line with consensus at $3.16 billion (+8.1% QoQ) [14][15] - **Segment Performance**: The automotive segment is expected to drive growth, with potential upside from channel refill and EV tax credit pull-ins [16] ON Semiconductor (ON) - **Outlook**: ON is rated Neutral with a price objective of $52. Q3 results are expected to beat consensus, while Q4 is projected to be in line [17][18] - **Sales Expectations**: Anticipated Q3 sales of $1.51 billion (+3.2% QoQ) with potential upside from automotive demand [19] Microchip Technology (MCHP) - **Outlook**: MCHP is rated Neutral with a price objective of $70. Q3 results are expected to be in line, with potential upside in Q4 [20][21] - **Sales Forecast**: Expected Q3 sales of $1.14 billion (+6.1% QoQ) with a focus on strategic defense and data center businesses [22] Allegro MicroSystems (ALGM) - **Outlook**: ALGM is rated Buy with a price objective of $34. Q3 results are expected to show upside, while Q4 is projected to be in line [23][24] - **Sales Projections**: Anticipated Q3 sales of $211 million (+3.5% QoQ) with strong design-win momentum in the automotive sector [25] Additional Considerations - **Tariff and Trade Tensions**: Ongoing tariff uncertainties and trade tensions are impacting demand and pricing strategies across the semiconductor sector [1][2][3] - **China Market Dynamics**: The Chinese market remains a focal point for growth, particularly in the automotive sector, but poses risks due to geopolitical tensions and local competition [9][34] - **Memory Demand**: The demand for memory chipsets is expected to remain strong, driven by major tech companies and AI applications [10] This summary encapsulates the key points from the conference call, highlighting the current state of the semiconductor industry and specific company outlooks.

Core Insights - Allegro MicroSystems has appointed Troy Coleman as Senior Vice President and General Manager of Products, effective October 14, 2025, to lead product portfolios and drive strategic growth in power and sensing solutions [1][2] Company Overview - Allegro MicroSystems specializes in power and sensing semiconductor solutions, focusing on motion control and energy-efficient systems, with over three decades of expertise in magnetic sensing and power ICs [3] - The company aims to enhance efficiency, performance, and sustainability across automotive, clean energy, and industrial automation sectors, reinforcing its status as a pioneer in "automotive grade" technology [3] Leadership and Experience - Troy Coleman brings over 25 years of semiconductor industry experience, previously serving as Vice President of the Linear Power Business Unit at Texas Instruments, where he managed over $1 billion in revenue [2] - His expertise includes Analog Mixed Signal and Power products, as well as automotive and industrial markets, which aligns with Allegro's growth strategies [2]