Allegro MicroSystems, Inc. (ALGM) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this company would post earnings of $0.06 per share when it actually produced earnings of $0.08, delivering a surprise of 33.33%.Over the last four quarters, t ...

JANUARY 30, 2025 3QFY25 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 th ...

Financial Performance - Third quarter sales reached $178 million, exceeding the midpoint of guidance, with non-GAAP EPS of $0.07[3] - The company reported a net loss of $6.860 million for the third quarter, compared to a net income of $33.345 million in the same quarter last year[19] - Total net sales for the three-month period ended December 27, 2024, were $177.872 million, a decrease of 30% compared to $254.984 million for the same period in 2023[20] - For the nine-month period ended December 27, 2024, total net sales were $532.182 million, down 34% from $808.786 million in the same period of 2023[20] - The company reported a net loss of $6.799 million for the three-month period ended December 27, 2024, compared to a net income of $33.402 million for the same period in 2023[24] Segment Performance - Automotive segment sales were $130.066 million, while Industrial and other sales were $47.806 million, contributing to total net sales of $177.872 million for the quarter[4] - Automotive segment sales decreased by 33% to $130.066 million from $194.764 million year-over-year for the three-month period[20] - Industrial and other segment sales decreased by 21% to $47.806 million from $60.220 million year-over-year for the three-month period[20] Gross Margin and Operating Expenses - Gross margin for the quarter was 45.7% on a GAAP basis and 49.1% on a non-GAAP basis, compared to 52.5% and 54.6% respectively for the same period last year[4] - Operating expenses are projected to increase by approximately 5% sequentially to $72 million, primarily due to annual payroll tax resets[6] - Total operating expenses for the third quarter were $81.256 million, down from $97.142 million year-over-year[19] - Research and Development Expenses for the three-month period ended December 27, 2024, were $43,317, slightly down from $43,510 in the previous quarter[29] Future Guidance - The company expects fourth quarter net sales to range between $180 million and $190 million, with gross margin anticipated between 46% and 48%[5][6] - Diluted EPS for the fourth quarter is expected to be between $0.03 and $0.07[6] Cash Flow and Assets - Cash and cash equivalents at the end of the period were $148.962 million, down from $223.735 million at the end of the previous period[24] - Total assets decreased to $1,441.740 million as of December 27, 2024, from $1,530.603 million as of March 29, 2024[22] - Total liabilities increased to $507.314 million as of December 27, 2024, compared to $398.887 million as of March 29, 2024[22] - The company reported a net cash used in operating activities of $8.183 million for the three-month period ended December 27, 2024[24] Non-GAAP Measures - Non-GAAP financial measures are regularly reviewed to evaluate business performance, including non-GAAP Gross Profit and non-GAAP Operating Income[25] - Non-GAAP Gross Margin for the three-month period ended December 27, 2024, was 49.1%, compared to 48.8% in the previous quarter[28] - Non-GAAP Operating Income for the three-month period ended December 27, 2024, was $19,188, compared to $22,018 in the previous quarter, reflecting a Non-GAAP Operating Margin of 10.8%[30] - Adjusted EBITDA for the three-month period ended December 27, 2024, was $30,321, with an Adjusted EBITDA Margin of 17.0%[31] - Non-GAAP Profit before Tax for the three-month period ended December 27, 2024, was $12,855, compared to $15,555 in the previous quarter[32] Earnings Per Share - Basic Non-GAAP Earnings per Share for the three-month period ended December 27, 2024, was $0.07, consistent with the previous quarter[34] - The company reported a GAAP Basic (Loss) Earnings per Share of $(0.04) for the three-month period ended December 27, 2024, compared to $(0.18) in the previous year[34]

MANCHESTER, N.H., Jan. 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 third quarter ended December 27, 2024. “We delivered on our commitments with third quarter sales of $178 million and non-GAAP EPS of $0.07, both above the midpoint of our guidance,” said Vineet Nargolwala, President and CEO of Allegro. ...

MANCHESTER, N.H., Jan. 09, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (NASDAQ:ALGM) today announced it plans to release financial results for its third quarter fiscal 2025 prior to the market open on Thursday, January 30, 2025. 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. Analyst ...

MANCHESTER, N.H., Jan. 08, 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 announced the launch of two new current sensor ICs - the ACS37030MY and the ACS37220MZ. Leveraging Allegro's cutting-edge sensing technology, these ICs provide low internal conductor resistance, high operating bandwidth and reliable performance across a wide range of automotive, industrial and consumer ...

MANCHESTER, N.H., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy efficient systems, today announced that the company will present virtually at the 27th Annual Needham Growth Conference on Thursday, January 16, 2025. Vineet Nargolwala, President and Chief Executive Officer, and Derek D’Antilio, EVP and Chief Financial Officer, are scheduled to participate in a virtual fireside ...

MANCHESTER, N.H., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. ("Allegro") (NASDAQ:ALGM), a global leader in power and sensing solutions for motion control and energy-efficient systems, today announced plans to showcase its latest innovations at CES 2025, taking place January 7-10, 2025, in Las Vegas, Nevada. During the event, Allegro will highlight its advanced portfolio of high-resolution magnetic sensors, next-generation power ICs and innovative 48V solutions at its hospitality suite in t ...

Allegro's innovative technology is transforming sensing and power to enable a smarter, more efficient futureMANCHESTER, N.H., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy-efficient systems, today announced plans to showcase its latest innovations at CES 2025, taking place January 7-10, 2025, in Las Vegas, Nevada. During the event, Allegro will highlight its advanced portfolio of high-reso ...

In our previous analysis , we determined that Allegro MicroSystems, Inc. (NASDAQ: ALGM ) was well-positioned to maintain its leadership in the magnetic sensor market, which accounts for 61.5% of its revenue. We believed the magnetic sensor market would benefit from increasingKhaveen Investments is a Macroquantamental Hedge Fund managing a portfolio of globally diversified investments. With a vested interest in hundreds of investments spanning diverse asset classes, countries, sectors, and industries, we wie ...