earnings
confidence high
sentiment positive
materiality 0.80
Allegro MicroSystems posts record Q3 sales $248.8M, +33% YoY; guided Q4 $260-270M
ALLEGRO MICROSYSTEMS, INC.
2023-Q3 EPS reported
$0.65
revenue$704,208,000
- Record total net sales of $248.8M (+33% YoY); automotive record $170.1M (+30.1%), industrial record $51.0M (+59.9%).
- GAAP EPS $0.33, non-GAAP EPS $0.35; GAAP/NON-GAAP gross margin records at 57.3%/58.0%.
- GAAP operating margin record 26.4%, non-GAAP 30.3%; e-Mobility expanded to 43% of automotive sales.
- Q4 FY2023 guidance: net sales $260-270M, non-GAAP gross margin ~57.0%, non-GAAP EPS $0.35-0.37.