Allegro MicroSystems

Allegro MicroSystems, Inc. develops and is a fabless manufacturer of sensor integrated circuits (“ICs”) and application-specific analog power ICs. Its sensor ICs enable customers to precisely measure motion, speed, position and current, while its power ICs include high-temperature and high-voltage capable motor driver, power management and light emitting diode (“LED”) driver ICs. The company was founded on March 30, 2013 and is headquartered in Manchester, NH.

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Allegro MicroSystems reports record Q4 sales, anticipates growth opportunities

Allegro MicroSystems delivered strong financial performance in Q4, driven by robust sales in strategic growth areas and the industrial market. While facing short-term challenges in Japan and potential demand fluctuations, the company remains focused on long-term growth and anticipates increased sales in strategic sectors.

Allegro MicroSystems Achieves Record Sales and Drives Innovation in E-Mobility

Allegro MicroSystems delivered exceptional Q1 results, driven by robust sales in e-Mobility and the Industrial market. The company's focus on innovation and sustainability positions them well for future growth. However, managing the transition to industry standard lead times and backlog moderation will be critical.

Allegro MicroSystems reports record Q3 earnings and outlines growth plans

Allegro MicroSystems delivered exceptional financial performance in Q3, with strong sales growth, expanded margins, and increased earnings per share. The company is strategically positioned to benefit from the booming e-Mobility market and industrial sector growth. Challenges lie in maintaining supply chain improvements and executing expansion plans effectively.

Allegro MicroSystems posts record Q4 sales, eyes growth in e-mobility

Allegro MicroSystems delivered robust financial performance in Q4 2023, driven by strong sales growth in strategic sectors and innovative product offerings.
The company's focus on e-mobility and clean energy markets, coupled with a clear vision for future growth, positions it well for continued success.
While facing challenges in competitive markets, Allegro's commitment to R&D and customer-centric approach presents opportunities for sustained growth and market leadership.

Allegro MicroSystems reports record Q1 earnings, eyes e-mobility growth

Allegro MicroSystems delivered exceptional Q1 results, driven by robust sales growth and profitability. While facing challenges in the China market, the company is well-positioned to capitalize on opportunities in e-mobility and industrial sectors, supported by innovative product launches and sustainability initiatives.

Allegro MicroSystems excels in Q2 with e-mobility driving growth

Allegro MicroSystems' Q2 performance reflects strong sales growth driven by e-mobility and clean energy sectors. While facing challenges in industrial sales and supply chain concerns, the company remains focused on leveraging opportunities in the electrification and automation markets.

Allegro MicroSystems exceeds Q3 earnings, eyes e-mobility growth opportunities

Allegro MicroSystems delivered a strong Q3 performance, surpassing earnings expectations and demonstrating resilience in key growth areas. While facing challenges related to inventory dynamics, the company is well-positioned to capitalize on opportunities in e-mobility, localization, and product expansion. With a solid financial foundation and strategic initiatives in place, Allegro MicroSystems is poised for continued growth and innovation.

Allegro MicroSystems beats Q4 expectations, eyes growth in e-Mobility

Allegro MicroSystems delivered strong financial performance in Q4 and fiscal 2024, exceeding revenue and EPS guidance with record annual sales and design wins.
Despite short-term challenges in sales decline and pricing support concerns, the company is strategically positioned for future growth with innovative product launches and cost management.
Anticipating sequential growth in Q2 and a return to normal ordering patterns in Automotive, Allegro MicroSystems is poised for revenue recovery and market expansion.
With a focus on key growth areas and efficient resource allocation, the company aims to drive long-term growth and capitalize on opportunities in emerging markets.

Allegro MicroSystems beats Q1 sales, eyes growth amid challenges

Allegro MicroSystems delivered strong Q1 financial performance, exceeding sales expectations and showcasing solid margins and profitability.
With a focus on reducing inventory, launching new products, and securing design wins, Allegro is well-positioned for growth in automotive and industrial sectors.
Despite facing challenges in margin maintenance and shareholder integration, Allegro's outlook for Q2 2025 and strategic conference attendance offer promising opportunities for expansion.

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Allegro MicroSystems, Inc. engages in the development and manufacture of sensor integrated circuits (“ICs”) and application-specific analog power ICs. Its sensor ICs enable customers to precisely measure motion, speed, position and current, while its power ICs include high-temperature and high-voltage capable motor driver, power management and light emitting diode driver ICs. The company was founded on March 30, 2013 and is headquartered in Manchester, NH.

Allegro MicroSystems faces revenue challenges in FY2025, with a 36% YoY decline in H1 due to weaknesses in both MS and PIC segments. The DAO semiconductor market's downturn and elevated inventory levels in automotive and industrial sectors contribute to Allegro's near-term growth headwinds. Despite current challenges, Allegro remains a leader in the magnetic sensor market with a broad product portfolio and strong market share.

Allegro Microsystems: Short-Term Headwinds Impact Growth

Allegro's A89224 Automotive SoC Recognized for Innovation at Electronica 2024 Allegro's A89224 Automotive SoC Recognized for Innovation at Electronica 2024

Allegro MicroSystems Wins Embedded Computing Design's Electronica 2024: Best-In-Show Award

HYDERABAD, India , Nov. 15, 2024 /PRNewswire/ -- Cyient, a global Intelligent Engineering services company, today announced the expansion of its partnership with Allegro MicroSystems, Inc. ("Allegro MicroSystems") (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy efficiency, with the inauguration of a Center of Excellence (CoE) in Hyderabad, India. The CoE, located at Cyient's Manikonda Campus, will focus on developing next-generation magnetic sensors and power semiconductor products for the automotive industry.

Cyient, Allegro MicroSystems Partner to Drive Innovation in Magnetic Sensors & Power Semiconductors for Automotive Industry

MANCHESTER, N.H., Nov. 15, 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 Wells Fargo's 8th Annual TMT Summit on Wednesday, December 4, 2024 at the Terranea Resort in Rancho Palos Verdes, CA. Derek D'Antilio, EVP and Chief Financial Officer, is scheduled to participate in a fireside chat at 11:00 AM PST.

Allegro MicroSystems to Present at Wells Fargo's 8th Annual TMT Summit on December 4, 2024

New Solutions Enhance Accuracy, Efficiency, and Reliability While Reducing Power Consumption by up to 50% Compared to Existing Switches and Latches New Solutions Enhance Accuracy, Efficiency, and Reliability While Reducing Power Consumption by up to 50% Compared to Existing Switches and Latches

Allegro MicroSystems Introduces Advanced Magnetic and Inductive Position Sensing Solutions at Electronica 2024

Allegro's New Solutions Deliver Design Simplicity With Cost Savings Allegro's New Solutions Deliver Design Simplicity With Cost Savings

Allegro MicroSystems Unveils Innovative Power Products for a More Energy Efficient Future

Allegro MicroSystems, Inc. (NASDAQ:ALGM ) Q2 2025 Earnings Conference Call October 31, 2024 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 Blayne Curtis – Jefferies Thomas O'Malley – Barclays Chris Caso – Wolfe Research Tim Arcuri – UBS Vijay Rakesh – Mizuho Mark Lipacis – Evercore Quinn Bolton – Needham & Company Operator Good morning, and welcome to the Allegro MicroSystems Second Quarter Fiscal 2025 Earnings Conference Call. At this time, all participants are in listen-only mode.

Allegro MicroSystems, Inc. (ALGM) Q2 2025 Earnings Call Transcript

Allegro MicroSystems, Inc. (ALGM) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.40 per share a year ago.

Allegro MicroSystems, Inc. (ALGM) Q2 Earnings and Revenues Surpass Estimates

MANCHESTER, N.H., Oct. 31, 2024 (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 27, 2024.

Allegro MicroSystems Reports Second Quarter 2025 Results

MANCHESTER, N.H., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its second quarter fiscal 2025 prior to the market open on Thursday, October 31, 2024. 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.

Allegro MicroSystems to Announce Second Quarter Fiscal 2025 Financial Results

On September 30, 2024, JPMorgan Chase & Co. made a significant addition to its investment portfolio by acquiring 1,887,465 shares of Allegro Microsystems Inc (ALGM, Financial), a prominent player in the semiconductor industry. This transaction, executed at a price of $23.30 per share, increased JPMorgan's total holdings in the company to 11,026,515 shares, marking a substantial investment move.

JPMorgan Chase & Co's Strategic Acquisition in Allegro Microsystems Inc

ALGM's shares have struggled with weak demand and intense competition. However, expanding its portfolio is likely to drive near-term growth.

Allegro MicroSystems Down 30% YTD: How Should You Play the Stock?

New current sensors utilizing Allegro's patented XtremeSense™ TMR technology represent the first products launched since the company's acquisition of Crocus Technologies New current sensors utilizing Allegro's patented XtremeSense™ TMR technology represent the first products launched since the company's acquisition of Crocus Technologies

Allegro MicroSystems Introduces High-Bandwidth Current Sensors Incorporating XtremeSense™ TMR Technology

Allegro MicroSystems, Inc. (NASDAQ:ALGM ) Q1 2025 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Jalene Hoover - Vice President of Investor Relations & Corporate Communications Vineet Nargolwala - President & Chief Executive Officer Derek D'Antilio - Senior Vice President, Chief Financial Officer & Treasurer Conference Call Participants Chris Caso - Wolfe Research Blayne Curtis - Jefferies Quinn Bolton - Needham Vijay Rakesh - Mizuho Thomas O'Malley - Barclays Joshua Buchalter - TD Cowen Mark Lipacis - Evercore ISI Operator Good morning and welcome to the Allegro MicroSystems First Quarter Fiscal 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Allegro MicroSystems, Inc. (ALGM) Q1 2025 Earnings Call Transcript

Allegro MicroSystems, Inc. (ALGM) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.39 per share a year ago.

Allegro MicroSystems, Inc. (ALGM) Beats Q1 Earnings and Revenue Estimates

– Sales of $167 Million Above Mid-point of Our Outlook – – Made $50 Million Voluntary Debt Repayment –  – Announced Repurchase of 39 Million Shares From Majority Shareholder –

Allegro MicroSystems Reports First Quarter 2025 Results

MANCHESTER, N.H., July 31, 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 allocation of a $400,000,000 term loan tranche (the "Term Loan"), consisting of new term loans incurred, in relevant part, to facilitate the repurchase of shares from Allegro's majority shareholder, Sanken Electric Co., Ltd. (“Sanken”), to fully refinance Allegro's existing term loan facility, and otherwise for general corporate purposes. The new term loan tranche is expected to have a maturity date of October 31, 2030 and to bear interest at an annual rate based on the Secured Overnight Financing Rate (“SOFR”) plus an interest rate margin of 2.25%, which annual rate represents a 0.50% per annum reduction as compared to Allegro's existing term loan facility. The foregoing transactions are subject to market and other conditions, and there can be no assurance as to whether, or when, the transactions may be completed or as to the actual size or terms of the Term Loan.

Allegro MicroSystems Announces Allocation of Increased Term Loan and Refinancing of Existing Term Loan

MANCHESTER, N.H., July 29, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) (“Allegro”), a global leader in power and sensing solutions for motion control and energy-efficient systems, announced today that it has completed the closing of the first of two repurchases for a total of 39 million shares of common stock from Allegro's largest shareholder, Sanken Electric Co., Ltd. (“Sanken”), all of which will be retired.

Allegro MicroSystems, Inc. Enters Its Next Phase as a Public Company with Repurchase of 39 Million Shares Held by Sanken Electric

MANCHESTER, N.H., July 24, 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 pricing of a primary offering of 25,000,000 shares of common stock at a public offering price of $24.00 per share, resulting in gross proceeds of $600,000,000 to Allegro (or $579,000,000 to Allegro after giving effect to the underwriters' discount of $0.84 per share). In addition, Allegro has granted the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of its common stock at the public offering price, less underwriting discounts and commissions. Proceeds from the offering, together with cash on hand or additional borrowings under Allegro's term loan facility or revolving credit facility, will be used to repurchase shares from Allegro's majority shareholder, Sanken Electric Co., Ltd. (“Sanken”) at a price per share equal to the price per share at which the underwriters will purchase shares of our common stock in the equity offering from Allegro. On an as adjusted basis after giving effect to the offering and the share repurchase, Sanken will hold approximately 33.2% (or 32.5% if the underwriters' option to purchase additional shares of Allegro's common stock is exercised in full) of Allegro's outstanding common stock. The offering is expected to close on or about July 26, 2024, subject to the satisfaction of customary closing conditions.

Allegro MicroSystems Announces Pricing of Primary Offering

MANCHESTER, N.H., July 23, 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 syndication of an incremental term loan under the Credit Agreement, dated as of June 21, 2023, by and among Allegro, Allegro MicroSystems, LLC, the lenders and the other parties thereto (the "Incremental Term Loan"). Proceeds from the Incremental Term Loan will be used to repurchase shares from Allegro's majority shareholder, Sanken Electric Co., Ltd. (“Sanken”). The foregoing transactions are subject to market and other conditions, and there can be no assurance as to whether, or when, the transactions may be completed or as to the actual size or terms of the Incremental Term Loan.

Allegro MicroSystems Launches Incremental Term Loan

MANCHESTER, N.H., July 23, 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 a primary offering of 25,000,000 shares of common stock. In addition, Allegro expects to grant the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of its common stock. Proceeds from the offering, together with cash on hand or additional borrowings under Allegro's term loan facility or revolving credit facility, will be used to repurchase shares from Allegro's majority shareholder, Sanken Electric Co., Ltd. (“Sanken”) at a price per share equal to the price per share at which the underwriters will purchase shares of our common stock in the equity offering from Allegro. The offering is subject to market conditions, and there can be no assurance as to whether, or when, the offering may be completed or as to the actual size or terms of the offering.

Allegro MicroSystems Launches Primary Offering of Common Stock

MANCHESTER, N.H., July 11, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its first quarter fiscal 2025 prior to the market open on Thursday, August 1, 2024. 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.

Allegro MicroSystems to Announce First Quarter Fiscal 2025 Financial Results

Allegro MicroSystems (ALGM) launches ACS37220, which is the smallest leaded magnetic high-power current sensor to replace traditional shunt resistors and op amps.

Allegro MicroSystems (ALGM) Boosts Portfolio With ACS37220

New Sensor Solutions Improve Design Efficiency and Reliability with Enhanced Protection New Sensor Solutions Improve Design Efficiency and Reliability with Enhanced Protection

Allegro MicroSystems Redefines Magnetic Current Sensing with Compact, Integrated Solutions for Industrial, Automotive and Clean Energy Applications

Synaptics

The lion's share of market attention is now mainly concentrated in the technology sector, particularly around stocks related to artificial intelligence and its quick rise to adoption and expansion in the global economy. One stock should come to mind when this environment is described, and that is NVIDIA Co. NASDAQ: NVDA, a company that briefly became the most valuable company at $3.3 trillion this quarter.

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