earnings
confidence high
sentiment positive
materiality 0.85
Allegro Q2 FY2023: record sales $237.7M, EPS $0.26 GAAP / $0.31 non-GAAP; guides Q3 $240-250M
ALLEGRO MICROSYSTEMS, INC.
2023-Q2 EPS reported
$0.32
revenue$455,419,000
- Net sales record $237.7M, +23% YoY; GAAP EPS $0.26, non-GAAP $0.31.
- Automotive sales record $157.4M (+25% YoY); E-Mobility (xEV/ADAS) hit 41% of auto sales.
- Industrial sales record $48.2M (+33% YoY); all-time high.
- Q3 (Dec 2022) guidance: sales $240-250M, non-GAAP gross margin ~56%, non-GAAP EPS $0.31-0.33.
- Acquired Heyday Integrated Circuits, a leader in highly integrated gate drivers.