Financial Data and Key Metrics Changes - Allegro reported record sales of $249 million, a 5% sequential increase and a 33% year-over-year increase, near the high end of guidance [7][8] - Gross margin expanded to 58%, an increase of 180 basis points compared to Q2, driven by favorable product mix and foreign exchange [15][19] - Operating income reached 30.3%, up from 27.9% in Q2 and 23.1% a year ago, with earnings per share increasing 84% year-over-year to $0.35 [19][21] Business Line Data and Key Metrics Changes - Automotive sales increased 8% sequentially to $170 million, representing 68% of total sales, with e-Mobility sales growing 15% sequentially and 54% year-over-year [15][16] - Industrial sales grew 6% sequentially and 60% year-over-year to $51 million, driven by Clean Energy and Industrial Automation markets [11][15] - Magnetic sensor sales increased 10% sequentially and 25% year-over-year to $154 million, while power product sales declined 3% sequentially but increased 50% year-over-year [16] Market Data and Key Metrics Changes - Global auto production is projected to increase by 8% in fiscal 2023 and by another 4% in fiscal 2024, with EV production expected to rise by 50% in fiscal 2023 [14] - Sales by geography were well-balanced, with 26% in China, 24% in the rest of Asia, 18% in Japan, and 16% in both Europe and North America [17] Company Strategy and Development Direction - Allegro is focusing on e-Mobility and industrial markets, with a strategic emphasis on innovation and R&D investments to support growth [10][21] - The company plans to open a new R&D center in Richardson, Texas, to enhance its research and development efforts [11] - Allegro aims to improve lead times and reduce past due backlog by increasing wafer and die bank capacity [15][19] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macroeconomic uncertainties but noted robust demand and order patterns across focus areas [13][14] - The company expects sales in Q4 to be in the range of $260 million to $270 million, projecting a full-year sales increase of 26% [20] - Management expressed confidence in the company's ability to outperform market growth due to strong secular trends and innovative product offerings [21] Other Important Information - Allegro's backlog remains strong, with over a year of backlog and a decline in past due backlog as product shipments increase [9][26] - The company received recognition as the Best Cooperation Supplier of 2022 by Wodeer and Geely, highlighting its commitment to customer engagement [22] Q&A Session Summary Question: Update on backlog stress testing - Management confirmed that backlog stress testing continues, with cancellations slightly higher in Q3, but backlog remains above normalized levels [26] Question: Insights on gross margin performance - Management indicated that foreign exchange continued to be a tailwind in Q3, contributing to gross margin performance [27][28] Question: Timeline for Polar investment impact - Management expects the Polar investment to contribute meaningfully in two to three years, while working with other foundry partners for increased allocation in the short term [30][32] Question: Inventory targets and lead times - Management acknowledged the need to build wafer and die banks and indicated that a 100 to 110-day inventory target may be too low in the near term [33][34] Question: Data center business outlook - Management noted a pause in data center inventory digestion but remains optimistic about design wins and the 48-volt trajectory [36][37] Question: EV market growth expectations - Management is using third-party data for EV growth projections, indicating potential for faster expansion due to price cuts [48] Question: Foundry capacity allocation improvements - Management confirmed that foundry capacity allocation is incrementally improving, with a positive long-term outlook [51]

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 December 23, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39675 _________________ ALLEGRO MICROSYSTEMS, INC. (Exact name of registrant as specifie ...

Title: Allegro MicroSystems, Inc. (NASDAQ:ALGM) Q2 2023 Earnings Conference Call October 27, 2022 8:30 AM ET Company Participants Leanne Sievers - President, Shelton Group Investor Relations Vineet Nargolwala - President & Chief Executive Officer Derek D'Antilio - Chief Financial Officer Conference Call Participants Gary Mobley - Wells Fargo Securities Joshua Buchalter - Cowen Blayne Curtis - Barclays Alessandra Vecchi - William Blair Quinn Bolton - Needham & Company Vijay Rakesh - Mizuho Securities Operato ...

Allegro MicroSystems, Inc. (NASDAQ:ALGM) Q1 2023 Earnings Conference Call July 28, 2022 8:30 AM ET Company Participants Leanne Sievers - President, Shelton Group Investor Relations Vineet Nargolwala - President & Chief Executive Officer Derek D'Antilio - Chief Financial Officer Conference Call Participants Gary Mobley - Wells Fargo Alessandra Vecchi - William Blair Joshua Buchalter - Cowen Blayne Curtis - Barclays Vijay Rakesh - Mizuho Group Srini Pajjuri - SMBC Trevor Janoskie - Needham & Company Operator ...

Allegro MicroSystems, Inc. (NASDAQ:ALGM) Q4 2022 Earnings Conference Call May 10, 2022 8:30 AM ET Company Participants Katherine Blye - IR Ravi Vig - President and CEO Derek D'Antilio - CFO Conference Call Participants Gary Mobley - Wells Fargo Securities Blayne Curtis - Barclays Srini Pajjuri - SMBC Nikko Securities Quinn Bolton - Needham and Company Operator Good day and thank you for standing by. Welcome to the Allegro Microsystems Q4 Fiscal 2022 Financial Results. [Operator Instructions] I will now hand ...

Allegro MicroSystems, Inc. (NASDAQ:ALGM) Q3 2022 Earnings Conference Call February 1, 2022 8:30 AM ET Company Participants Katherine Blye - Investor Relations Ravi Vig - President and Chief Executive Officer Derek D’Antilio - Senior VP & CFO Conference Call Participants Gary Mobley - Wells Fargo Securities Vijay Rakesh - Mizuho Securities Quinn Bolton - Needham & Company Srinivas Pajjuri - SMBC Nikko Securities Natalia Wendler - Jefferies John Pitzer - Credit Suisse Disclaimer*: This transcript is designed ...