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.

ADAS and xEV Demand Acceleration and Design Win Momentum Support Strong Growth and Margin Expansion ADAS and xEV Demand Acceleration and Design Win Momentum Support Strong Growth and Margin Expansion

Allegro MicroSystems Reports First Quarter Results Including Recent Records In Revenue and Profit

MANCHESTER, N.H., July 15, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it will release financial results for the first quarter fiscal year 2022 prior to the market opening on Thursday, July 29, 2021. Following the press release, the Company will host a conference call at 8:00AM Eastern time the same day. Ravi Vig, President and Chief Executive Officer, and Paul Walsh, Senior Vice President, Finance & Administration and Chief Financial Officer, will discuss the Company's results and business outlook.

Allegro MicroSystems, Inc. to Announce First Quarter Fiscal Year 2022 Financial Results on Thursday, July 29, 2021

Industry-leading air gap enables increased reliability, efficiency, and design flexibility Industry-leading air gap enables increased reliability, efficiency, and design flexibility

Allegro's New GMR Gear Tooth Speed Sensor Gives Transmission Designers More Options Than Ever Before

Allegro MicroSystems (ALGM) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How Allegro MicroSystems (ALGM) Stock Stands Out in a Strong Industry

MANCHESTER, N.H., May 25, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”), a global leader in sensing and power semiconductor technology, today announced the appointment of David J. Aldrich to its board of directors and Audit Committee, effective immediately.

David J. Aldrich Joins the Allegro MicroSystems Board of Directors

A31315 sensor delivers the accuracy and performance needed to meet stringent ASIL-D requirements of safety-critical automotive applications A31315 sensor delivers the accuracy and performance needed to meet stringent ASIL-D requirements of safety-critical automotive applications

Allegro's New 3DMAG Magnetic Position Sensor Enables Next-Generation ADAS Applications

Allegro MicroSystems, Inc. (ALGM) CEO Ravi Vig on Q4 2021 Results - Earnings Call Transcript

Market Share Gain and End Market Recovery Driving Confidence in Long-term Outlook Market Share Gain and End Market Recovery Driving Confidence in Long-term Outlook

Allegro MicroSystems Reports Fourth Quarter Record Revenue and Accelerating Profits

Allegro MicroSystems has done well since it became a publicly traded company. Operations have seen some growth, yet operational achievements have been lagging compared to the share price performance.

Allegro MicroSystems - Too Strong Momentum

MANCHESTER, N.H., April 16, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it will release financial results for the fourth quarter and fiscal year 2021 prior to the market opening on Wednesday, May 5, 2021. Following the press release, the Company will host a conference call at 8:30AM Eastern time the same day. Ravi Vig, President and Chief Executive Officer, and Paul Walsh, Senior Vice President, Finance & Administration and Chief Financial Officer, will discuss the Company's results and business outlook.

Allegro MicroSystems, Inc. to Announce Fourth Quarter and Fiscal Year 2021 Financial Results on Wednesday, May 5, 2021

Sensing and power semiconductor technology provider Allegro Microsystems Inc (NASDAQ: ALGM) inked an agreement to divest its Thailand manufacturing facility to an undisclosed purchaser for $30 million. The divestment is estimated to streamline Allegro's back-end operations and boost gross margin.

Allegro Microsystems To Divest Thailand Manufacturing Facility For $30M

Sale Demonstrates Continued Execution on Gross Margin Expansion Plan Sale Demonstrates Continued Execution on Gross Margin Expansion Plan

Allegro MicroSystems Announces Sale of Thailand Manufacturing Facility

The A17700 delivers fast, reliable, and flexible output with top-of-the-line signal conditioning algorithms for automotive and industrial pressure sensing applications. The A17700 delivers fast, reliable, and flexible output with top-of-the-line signal conditioning algorithms for automotive and industrial pressure sensing applications.

Allegro Introduces Sensor Interface IC Offering High Accuracy and Output Flexibility for Resistive Bridge Pressure Sensors

MANCHESTER, N.H., Feb. 05, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”), a global leader in sensing and power semiconductor technology, announced today the pricing of a public offering of 17,500,000 shares of common stock to be sold by certain selling stockholders of Allegro at a public offering price of $30.30 per share. In addition, certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 2,625,000 shares of common stock. The offering is expected to close on or about February 9, 2021, subject to the satisfaction of customary closing conditions. The selling stockholders will receive all of the net proceeds from the offering and Allegro will not receive any proceeds.

Allegro MicroSystems Announces Pricing of Public Offering By Selling Stockholders

Allegro MicroSystems, Inc. (ALGM) CEO Ravi Vig on Q3 2021 Results - Earnings Call Transcript

MANCHESTER, N.H., Feb. 02, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”), a global leader in sensing and power semiconductor technology, announced today the launch of a public offering of 15,000,000 shares of common stock to be sold by certain selling stockholders of Allegro. In addition, certain of the selling stockholders are expected to grant the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of common stock. The selling stockholders will receive all of the net proceeds from the offering and Allegro will not receive any proceeds. 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 Public Offering By Selling Stockholders

--End Market Recovery Driving Strong Outlook-- --End Market Recovery Driving Strong Outlook--

Allegro MicroSystems Announces Results for the Third Fiscal Quarter Ended December 25, 2020

MANCHESTER, N.H., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced that it has changed the timing of its previously announced earnings conference call. The Company will now host a conference call to discuss results for the third quarter fiscal year 2021 on Tuesday, February 2, 2021 at 5 p.m. ET. There is no change to the dial-in information.

Allegro MicroSystems, Inc. Announces Earnings Call Time Change; Third Quarter 2021 Earnings Call to Occur on February 2, 2021 at 5 p.m. (Eastern Time)

Manchester, N.H., Jan. 15, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it will release financial results for the third quarter fiscal year 2021 prior to the market opening on Tuesday, February 2, 2021. Following the press release, the Company will host a conference call at 8:30AM Eastern time the same day. Ravi Vig, President and Chief Executive Officer, and Paul Walsh, Senior Vice President, Finance & Administration and Chief Financial Officer, will discuss the Company's results and business outlook.

Allegro MicroSystems, Inc. to Announce Third Quarter Fiscal Year 2021 Financial Results on Tuesday, February 2, 2021

MANCHESTER, N.H., Jan. 04, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (NASDAQ: ALGM), a global leader in sensing and power semiconductor technology, announced today that President & Chief Executive Officer, Ravi Vig, will participate in a Fireside Chat at the 23rd Annual Needham Virtual Growth Conference on January 13, 2021 at 10:45 a.m. Eastern time.

Allegro MicroSystems to Participate in the 23rd Annual Needham Growth Conference

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MANCHESTER, N.H., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (NASDAQ: ALGM), a global leader in sensing and power semiconductor technology, announced today President & Chief Executive Officer, Ravi Vig, will participate in Barclays Global Technology, Media and Telecommunications Conference. The event will take place virtually on December 9, 2020, where Mr. Vig will participate in a fireside chat at 9:30a.m. Eastern time.

Allegro MicroSystems to Participate in Barclays Investor Conference

MANCHESTER, N.H., Nov. 24, 2020 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (NASDAQ: ALGM), a global leader in sensing and power semiconductor technology, announced today that President & Chief Executive Officer, Ravi Vig, will participate in two upcoming virtual investor conferences. The first, the 2020 Wells Fargo TMT Summit, will take place virtually on December 2, 2020, where Mr. Vig will participate in a fireside chat at 11:20 a.m. Eastern time. The second, the virtual Credit Suisse 24th Annual Technology Conference, will take place on December 3, 2020, where Mr. Vig will participate in a fireside chat at 1:30 p.m. Eastern time.

Allegro MicroSystems to Participate in Wells Fargo and Credit Suisse Investor Conferences

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--Strong Growth and Solid Operating Results-- MANCHESTER, N.H., Nov. 19, 2020 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Allegro MicroSystems, Inc. (Nasdaq:ALGM), please note that the balance sheet line items for Total current liabilities, Related party notes payable, less current portion, Other long-term liabilities and Total liabilities reported incorrect amounts for both the current and prior period. The corrected release follows:

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