Allegro MicroSystems reports record Q1 sales $217.8M (+16% YoY); raises FY2023 growth outlook to ~20%

ALLEGRO MICROSYSTEMS, INC.

2023-Q1 EPS reported $0.05 revenue$217,753,000

Record Q1 net sales of $217.8M (+16% YoY); automotive $149.6M (+12%), industrial $40.1M (+32%).
GAAP diluted EPS $0.05; non-GAAP diluted EPS $0.24 (+33% YoY).
Announced agreement to acquire Heyday Integrated Circuits (gate drivers) – financial terms not disclosed.
Raises FY2023 revenue growth outlook to ~20% YoY; Q2 guidance: sales $220M-$230M, non-GAAP EPS $0.25-$0.27.

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