secwatch.observer — SEC 8-K summary
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Issuer:     ALLEGRO MICROSYSTEMS, INC. (ALGM)
CIK:        0000866291
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0000950170-24-009608
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866291/000095017024009608/0000950170-24-009608-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866291/000095017024009608/algm-20240201.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-009608

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer