Automotive and Industrial Markets - The company's portfolio includes more than 1,000 products, focusing on sensor and power ICs for automotive and industrial markets[10] - The company's devices are critical for ADAS applications, enabling features like collision avoidance and automatic emergency braking[15] - The company's solutions are already used in vehicles with Level 1 ADAS features, with significant annual shipments[15] - The company's products are foundational to automotive and industrial electronic systems, enabling precise measurement of motion, speed, position, and current[10] - The company's innovations in Hall-effect and xMR magnetic sensors and BCD power ICs support increased driving range for EVs and improved energy efficiency[10] - The company's net sales in new areas such as automotive ADAS and data center markets have grown approximately 50% faster than the overall growth of the BLDC motor market over the last five years[21] - The company's content per vehicle increased by over 50% in a popular mid-sized 2022 model sedan as it transitioned from ICE to a battery EV[21] - The company's opportunity for content per vehicle in a standard ICE model is approximately $39, increasing to approximately $100 in an EV[21] - The company's current sensors, motor drivers, and position sensors are uniquely capable of delivering energy efficiency and motion control in clean energy and automation markets[21] - The company's ADAS-related content opportunity is expected to nearly double as systems transition to electromechanical braking and steer-by-wire[21] - Magnetic sensor ICs are used in automotive applications to improve safety and fuel efficiency, with current sensor ICs improving energy efficiency in EV powertrains[34][39] - Position sensor ICs are used in ADAS systems, HEV powertrains, and ICE powertrains for precise position measurement[34] - Speed sensor ICs reduce CO2 emissions and improve fuel economy in combustion engines[35] - Power ICs include motor driver ICs, regulator and LED driver ICs, and isolated gate drivers, used in automotive, industrial, and other markets[36] Electric Vehicle (EV) Market - The company's September 2022 acquisition of Heyday Integrated Circuits provides additional content opportunities in every fully electric vehicle[14] - The company expects its content per vehicle to increase due to research and development innovation in the EV market[14] - The company's 100V BCD wafer process technology and galvanically isolated current sensors are suited for higher voltage operation in solar and EV applications[16] Manufacturing and Operations - The company's strategic transition includes a fabless and asset-lite manufacturing model, reducing fixed costs[12] - The company's proprietary wafer fabrication processes are employed through subcontractor manufacturers, balancing flexibility and scale[12] - The company's gross margins have improved from a 40% range to the 56% range over the last several years due to its fabless strategy[26] - The company's manufacturing footprint has been reduced by approximately half over the last three years, with an additional 45% reduction from the closure of the AMTC Facility[26] - Gross margin improved from a historical range of 40% to 56%[30] - The company targets higher ASPs and gross margins by developing new products for growth markets[30] - The company's AMPI Facility is certified to ISO 45001 for environmental management and occupational health and safety[61] Research and Development - The company had 655 employees dedicated to research and development as of March 31, 2023[44] - The company owned 1,371 patents, including 742 active U.S. patents, as of March 31, 2023[53] - The company's intellectual property portfolio nearly doubled over the last three years[44] Sales and Distribution - Net sales to distributors accounted for 39.3%, 36.8%, and 37.3% of total net sales in fiscal years 2023, 2022, and 2021, respectively[40] - Sales to the largest non-affiliated distributor represented 10.8%, 11.0%, and 11.4% of net sales in fiscal years 2023, 2022, and 2021, respectively[40] - The company sold products to over 10,000 end customers annually in fiscal years 2023, 2022, and 2021[42] - Approximately half of net sales in fiscal years 2023, 2022, and 2021 were derived from the top 20 customers[42] - The company transitioned distribution in Japan from Sanken to third-party distributors and direct sales as of April 1, 2023[40] Environmental, Social, and Governance (ESG) - The company's ESG strategy includes reducing vehicle emissions, improving energy efficiency in EVs, and supporting renewable energy applications[39] - The company is a member of the Responsible Business Alliance (RBA) and requires suppliers to meet ISO 14001 and ISO 45001 standards[39] - The company has implemented energy, water, and waste reduction projects across facilities and participates in the CDP for climate change and water security[39] - The company faces increasing complexity in product design and procurement due to evolving environmental laws, regulations, and standards, such as the EU's RoHS Directive and China's RoHS equivalent[61][62] - Compliance with environmental and occupational health and safety laws could restrict the company's ability to expand or require modifications to processes, potentially incurring substantial expenses[61] Financial Performance and Risk Management - The company maintains a portfolio of cash and cash equivalents primarily in money market funds, with no investments exceeding a one-year maturity, limiting exposure to interest rate risk[166] - A 10% change in market interest rates is not expected to materially impact the company's financial position or results of operations[167] - The company reported foreign exchange gains of $1.0 million in fiscal 2023 and losses of $0.6 million in fiscal 2022[168] - A hypothetical 10% appreciation (decline) in the Euro against the U.S. dollar would have an immaterial impact on operating income[168] - A hypothetical 10% appreciation (decline) in the Philippine peso against the U.S. dollar would negatively (favorably) impact operating income by immaterial amounts[168] - The company has no foreign currency derivative instrument hedges as of March 31, 2023[168] - Inflationary factors, such as increases in overhead costs, may adversely affect the company's operating results, though historical impacts have not been material[169] Human Resources - The company employed 4,687 full-time employees as of March 31, 2023, with 3,578 in manufacturing and 655 in R&D[57] - In fiscal 2023, the company hired approximately 1,103 new employees[57]

Start Time: 08:30 January 1, 0000 9:04 AM ET Allegro MicroSystems, Inc. (NASDAQ:ALGM) Q4 2023 Earnings Conference Call May 11, 2023, 08:30 AM ET Company Participants Vineet Nargolwala - President and CEO Derek D’Antilio - SVP and Chief Financial Officer Jalene Hoover - VP of IR and Corporate Communications Conference Call Participants Blayne Curtis - Barclays Gary Mobley - Wells Fargo Vijay Rakesh - Mizuho Joshua Buchalter - TD Cowen Trevor Janoskie - Needham Operator Thank you for standing by. Welcome to t ...

Allegro MicroSystems, Inc. (NASDAQ:ALGM) Q3 2023 Earnings Conference Call January 31, 2023 8:30 AM ET Company Participants Jalene Hoover – Vice President of Investor Relations and Corporate Communications Vineet Nargolwala – President and Chief Executive Officer Derek D'Antilio – Chief Financial Officer Conference Call Participants Gary Mobley – Wells Fargo Joshua Buchalter – Cowen Blayne Curtis – Barclays Quinn Bolton – Needham & Company Vijay Rakesh – Mizuho Group Alessandra Vecchi – William Blair Operato ...

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 ...