Allegro MicroSystems (ALGM) recently launched a high-power current sensor, the ACS37220. The latest product, the ACS37220, is the smallest leaded magnetic current sensor, which has been rolled out as an improvement over the discrete shunt resistors and op-amps used currently.The product is expected to replace the traditional discrete shunt resistors and high-power sense resistors that have a larger footprint on electronics boards, have thermal issues and need multiple components.The new ACS37220 is a single ...

MANCHESTER, N.H., July 08, 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 the launch of its newest high-power current sensor, the ACS37220, as well as the preliminary release of the industry's smallest leaded magnetic current sensor, the ACS37041. Allegro's latest solutions enable improved efficiency and reliability, enhanced system protection and a smaller bill of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 29, 2024 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 specified in its charter) Delaware 46-240 ...

MANCHESTER, N.H., May 21, 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 the launch of the third product in its High Voltage Power-Thru™ portfolio. Allegro's two-chip AHV85000 and AHV85040 isolated gate-driver IC solutions work together with external transformers to provide the freedom to design and maximize power efficiency for clean energy applications, including ...

MANCHESTER, N.H., May 21, 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 the launch of the third product in its High Voltage Power-Thru™ portfolio. Allegro’s two-chip AHV85000 and AHV85040 isolated gate-driver IC solutions work together with external transformers to provide the freedom to design and maximize power efficiency for clean energy applications, including ...

Manchester, N.H., May 16, 2024 (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 at TD Cowen's 52nd Annual Technology, Media & Telecom Conference on Wednesday, May 29, 2024 at the InterContinental New York Barclay in New York, NY. Vineet Nargolwala, Chief Executive Officer, is scheduled to participate in a fireside chat at 3:00 PM ...

Allegro MicroSystems, Inc. (NASDAQ:ALGM) Q4 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Jalene Hoover - Vice President of Investor Relations & Corporate Communications Vineet Nargolwala - President & Chief Executive Officer Conference Call Participants Gary Mobley - Wells Fargo Securities Chris Caso - Wolfe Research Joshua Buchalter - TD Cowen Quinn Bolton - Needham & Company Vijay Rakesh - Mizuho Mark Lipacis - Evercore ISI Operator Good morning and welcome to the Allegro Micr ...

Allegro MicroSystems, Inc. (ALGM) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.05%. A quarter ago, it was expected that this company would post earnings of $0.29 per share when it actually produced earnings of $0.32, delivering a surprise of 10.34%.Over the last four quarters, t ...

Financial Performance - Full Year 2024 sales increased by 8% to a record $1.05 billion[2] - Non-GAAP diluted earnings per share for the full year reached a record $1.35[3] - Q4 2024 net sales were $240.581 million, with automotive sales contributing $181.939 million[5] - Full year 2024 gross margin was 54.8% on a GAAP basis and 56.3% on a non-GAAP basis[5] - Q1 2025 net sales are expected to be between $160 million and $170 million[6] - Q1 2025 non-GAAP diluted earnings per share are projected to be in the range of $0.01 to $0.03[6] - Net sales for the three-month period ending March 29, 2024, were $240.581 million, a decrease of 11% compared to $269.445 million in the same period last year[13][15] - Gross profit for the three-month period ending March 29, 2024, was $123.248 million, down from $153.089 million in the same period last year[13] - Operating income for the three-month period ending March 29, 2024, was $15.897 million, a significant decrease from $63.104 million in the same period last year[13] - Net loss for the three-month period ending March 29, 2024, was $7.115 million, compared to a net income of $61.977 million in the same period last year[13] - Total net sales for the twelve-month period ending March 29, 2024, were $1.049367 billion, an 8% increase compared to $973.653 million in the same period last year[13][15] - Non-GAAP Gross Profit for the three months ended March 31, 2024, was $129.508 million, with a Non-GAAP Gross Margin of 53.8%[23] - Non-GAAP Gross Profit for the twelve months ended March 31, 2024, was $590.426 million, with a Non-GAAP Gross Margin of 56.3%[23] - Non-GAAP Operating Income for the twelve-month period ended March 29, 2024, was $298,598 thousand, up from $278,176 thousand in the previous year[25] - Non-GAAP Operating Margin for the twelve-month period ended March 29, 2024, was 28.5%, slightly down from 28.6% in the previous year[26] - Adjusted EBITDA for the three-month period ended March 29, 2024, was $73,878 thousand, compared to $87,242 thousand for the same period in 2023[27] - Adjusted EBITDA Margin for the twelve-month period ended March 29, 2024, was 34.7%, up from 33.7% in the previous year[27] - Non-GAAP Profit before Tax for the twelve-month period ended March 29, 2024, was $296,599 thousand, compared to $278,455 thousand in the previous year[28] - GAAP Operating Income for the three-month period ended March 29, 2024, was $15,897 thousand, down from $36,686 thousand in the same period in 2023[25] - GAAP Net Loss for Q1 2024 was $7.115 million, compared to a net income of $33.345 million in Q4 2023 and $61.977 million in Q1 2023[30] - Non-GAAP Net Income for Q1 2024 was $47.914 million, compared to $61.549 million in Q4 2023 and $71.567 million in Q1 2023[30] - Non-GAAP Diluted Earnings per Share for Q1 2024 was $0.25, compared to $0.32 in Q4 2023 and $0.37 in Q1 2023[30] Automotive Sales - Automotive sales grew by 17% year-over-year, driven by a 38% increase in e-Mobility[2] - Automotive market sales increased by 2% to $181.939 million for the three-month period ending March 29, 2024, compared to $178.802 million in the same period last year[15] Industrial Sales - Industrial market sales decreased by 29% to $43.789 million for the three-month period ending March 29, 2024, compared to $61.807 million in the same period last year[15] Cash Flow and Debt - The company made a $50 million voluntary payment on its term loan, reducing annualized interest expense by approximately $4 million[6] - Net cash provided by operating activities for the three months ended March 31, 2024, was $12.764 million, compared to $47.548 million for the same period in 2023[19] - Net cash used in investing activities for the three months ended March 31, 2024, was $14.272 million, compared to $30.405 million for the same period in 2023[19] - Net cash provided by financing activities for the three months ended March 31, 2024, was $730,000, compared to a net cash used of $3.304 million for the same period in 2023[19] - The company's cash and cash equivalents and restricted cash at the end of the period were $222.161 million, compared to $358.705 million at the end of the same period in 2023[19] - The company's net (decrease) increase in cash and cash equivalents and restricted cash for the three months ended March 31, 2024, was a decrease of $1.574 million, compared to an increase of $14.577 million for the same period in 2023[19] - The company's net (decrease) increase in cash and cash equivalents and restricted cash for the twelve months ended March 31, 2024, was a decrease of $136.544 million, compared to an increase of $68.906 million for the same period in 2023[19] - Non-GAAP Free Cash Flow for Q1 2024 was $17.336 million, representing 6.4% of net sales, compared to $56.943 million (5.4% of net sales) for the twelve-month period ending March 29, 2024[31] - Purchases of property, plant and equipment for Q1 2024 were $30.212 million, contributing to the Non-GAAP Free Cash Flow calculation[31] Research and Development - Research and development expenses for the three-month period ending March 29, 2024, were $45.839 million, an increase from $41.833 million in the same period last year[13] - Research and Development Expenses (Non-GAAP) for the twelve-month period ended March 29, 2024, were $159,934 thousand, up from $140,878 thousand in the previous year[24] Non-GAAP Adjustments - Total Non-GAAP Adjustments for the three months ended March 31, 2024, were $6.260 million, including $4.959 million for purchased intangible amortization and $734,000 for stock-based compensation[23] - Total Non-GAAP Adjustments for the twelve months ended March 31, 2024, were $15.897 million, including $9.282 million for purchased intangible amortization and $5.359 million for stock-based compensation[23] - Total Non-GAAP Adjustments for the twelve-month period ended March 29, 2024, were $101,802 thousand, compared to $67,109 thousand in the previous year[28] - Total Non-GAAP Adjustments for Q1 2024 were $35.766 million, including $13.218 million for impairment of long-lived assets and $9.618 million for stock-based compensation[30] Tax Rates - GAAP effective tax rate for Q1 2024 was 141.0%, significantly higher than 8.2% in Q4 2023 and 8.7% in Q1 2023[29] - Non-GAAP effective tax rate for Q1 2024 was 9.5%, compared to 9.8% in Q4 2023 and 11.6% in Q1 2023[29] Assets and Liabilities - Total assets as of March 29, 2024, were $1.530603 billion, an increase from $1.181155 billion as of March 31, 2023[17] - Long-term debt as of March 29, 2024, was $249.611 million, up from $25 million as of March 31, 2023[17] Operational Expenses - Non-GAAP Operating Expenses for the three-month period ended March 29, 2024, were $72,175 thousand, compared to $69,928 thousand for the same period in 2023[24] - Selling, General and Administrative Expenses (Non-GAAP) for the twelve-month period ended March 29, 2024, were $131,894 thousand, down from $133,982 thousand in the previous year[24] Transaction Costs - Transaction-related costs for Q1 2024 were $7.144 million, compared to $10.409 million in Q4 2023 and $544,000 in Q1 2023[30] Share Information - Basic weighted average common shares outstanding for Q1 2024 were 193,139,519, slightly higher than 192,724,541 in Q4 2023[30] Product and Technology - Record design wins exceeded $1 billion in fiscal year 2024[3] - The company introduced high voltage isolated gate drivers and added TMR technology to its portfolio during fiscal year 2024[3]

MANCHESTER, N.H., April 30, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. ("Allegro") (NASDAQ:ALGM) a global leader in power and sensing semiconductor technology for motion control and energy efficient-system is pleased to announce, that GHSP, a global provider of mechanical and electromechanical systems and portfolio company of JSJ Corporation, is closely collaborating with and has adopted Allegro's best-in-class gate driver and vehicle sensor technology for its new eVibe vibration enhancement system ...