---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-088944"
form_type: "8-K"
ticker: "ALGM"
cik: "0000866291"
company_name: "ALLEGRO MICROSYSTEMS, INC."
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T14:08:50.750448+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Allegro MicroSystems Q1 sales $167M, GAAP EPS -$0.09; $50M debt repayment; 39M share buyback

## Summary
- Net sales $167M, down 40% YoY from $278M; automotive $131M, industrial $36M.
- GAAP diluted EPS -$0.09 vs prior year $0.31; non-GAAP EPS $0.03 at high end of outlook.
- Made $50M voluntary debt repayment during Q1.
- Announced repurchase of 39M shares from majority shareholder to improve liquidity and governance.
- Expects low double-digit sequential sales growth in Q2 FY2025.

## SEC filing metadata
- accession: 0000950170-24-088944
- form_type: 8-K
- ticker: ALGM
- cik: 0000866291
- company_name: ALLEGRO MICROSYSTEMS, INC.
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866291/000095017024088944/0000950170-24-088944-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866291/000095017024088944/algm-20240801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-088944
- JSON: https://secwatch.observer/filing/0000950170-24-088944.json
- Plain text: https://secwatch.observer/filing/0000950170-24-088944.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.