Allegro MicroSystems Q3 net sales $255M (+2% YoY); Automotive up 18%; Non-GAAP EPS $0.32 beats guidance

ALLEGRO MICROSYSTEMS, INC.

2024-Q3 EPS reported $0.82 revenue$808,786,000

Net sales $255M (+2% YoY); Automotive sales $194.8M (+18% YoY).
GAAP diluted EPS $0.17 vs $0.33 prior year; Non-GAAP EPS $0.32 (10% above guidance midpoint).
Gross margin 52.5% vs 57.3% YoY; operating margin 14.4% vs 26.4% YoY.
e-Mobility sales grew 45% YoY to 54% of Automotive sales.
Free cash flow increased $27M sequentially; management notes inventory digestion.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ALLEGRO MICROSYSTEMS, INC. reported third quarter ended December 29, 2023 results: revenue $254,984, EPS $0.17.

Period: third quarter ended December 29, 2023
Revenue: $254,984
EPS: $0.17
Result: reported results

Exact text from the filing

Net Sales* Automotive $ 194,764 $ 197,321 $ 164,719 $ 577,515 $ 467,959 Industrial 45,949 60,962 53,737 180,021 146,797 Other 14,271 17,226 30,333 51,250 89,452 Total net sales $ 254,984 $ 275,509 $ 248,789 $ 808,786 $ 704,208 GAAP Financial Measures Gross margin % 52.5 % 57.9 % 57.3 % 55.8 % 55.8 % Operating margin % 14.4 % 26.5 % 26.4 % 22.3 % 19.9 % Diluted EPS

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Source: SEC EDGAR

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