Welcome to our dedicated page for Allegro MicroSystems news (Ticker: ALGM), a resource for investors and traders seeking the latest updates and insights on Allegro MicroSystems stock.
Allegro MicroSystems, Inc. (Nasdaq: ALGM) is a distinguished leader in the development, manufacture, and marketing of high-performance semiconductors. Headquartered in Worcester, Massachusetts, Allegro is at the forefront of innovative semiconductor solutions catering to high-growth applications within the automotive sector, as well as office automation, industrial, and consumer/communications markets.
Core Business and Capabilities:
Allegro specializes in designing sensor integrated circuits (ICs) and application-specific analog power ICs, primarily for automotive and industrial applications. Their product categories include:
- SENSE: This category comprises Current Sensors, Switches and Latches, and Interface ICs, allowing precise measurement of motion, speed, position, and current.
- REGULATE: Includes Regulators, ClearPower Modules, and LED Drivers focused on efficient power management.
- DRIVE: Encompasses BLDC Drivers, Brush DC, and other high-temperature and high-voltage capable motor drivers.
Recent Achievements and Initiatives:
Allegro has made significant strides with several recent product launches and partnerships:
- Purpose-Built Isolated Gate Drivers: Collaborated with Transphorm, Inc. to enhance GaN power system design for high-power applications, aiming to boost efficiency and power density in data centers, renewables, and electric vehicles.
- New High Voltage Power Product: Launched the AHV85111 isolated gate-driver IC, which adds critical safety features for e-Mobility and clean energy applications.
- Financial Performance: Reported record sales and earnings for fiscal year 2024, attributed to strong momentum in e-Mobility and automotive markets.
- High-Bandwidth Current Sensors: Introduced ACS37030 and ACS37032 sensors to enhance power conversion with GaN and SiC technologies in electrified vehicles and clean energy solutions.
- Innovative Gate-Driver IC: Launched the AHV85000/40 isolated gate-driver for xEV charging, solar inverters, and energy storage systems, providing greater design flexibility and efficiency.
Global Reach:
Allegro operates with a global footprint, having design, applications, and sales support centers located worldwide, ensuring robust support for its international customer base. Key revenue markets include Greater China, the United States, Japan, Europe, and other regions.
For more information, please visit Allegro MicroSystems.
Allegro MicroSystems (ALGM) has announced it will release its third quarter fiscal 2025 financial results before the market opens on Thursday, January 30, 2025. The company will host a conference call at 8:30 a.m. Eastern Time on the same day, featuring President and CEO Vineet Nargolwala and CFO Derek D'Antilio, who will discuss the results and business outlook.
The earnings call will be accessible via webcast and dial-in, with advanced registration required for dial-in participants. The audio webcast will remain available for at least 90 days on the company's investor relations website.
Allegro MicroSystems (NASDAQ: ALGM) has launched two new current sensor ICs - the ACS37030MY and ACS37220MZ. These innovative sensors deliver higher isolation in a 40% smaller footprint compared to existing 16-pin packages, while featuring lower resistance for reduced power dissipation.
The ACS37030MY combines Hall-effect and inductive coil signal paths, achieving 5x faster response times than existing solutions, specifically designed for protecting wide bandgap GaN devices. The ACS37220MZ features a 150 kHz bandwidth and fault pin, serving as a successor to the ACS724/5 family for value-line current sensing applications.
Both sensors are designed for automotive, industrial, and consumer applications, offering low internal conductor resistance and high operating bandwidth.
Allegro MicroSystems (ALGM), a leading provider of power and sensing semiconductor solutions, has announced its upcoming virtual participation in the 27th Annual Needham Growth Conference on January 16, 2025. The company's presentation will feature a virtual fireside chat at 9:30 AM EST with President and CEO Vineet Nargolwala and EVP and CFO Derek D'Antilio.
Investors and interested parties can access both live and archived versions of the fireside chat through the Investor Relations section of Allegro's website at www.allegromicro.com.
Allegro MicroSystems (ALGM) has announced its participation in CES 2025, scheduled for January 7-10, 2025, in Las Vegas. The company will showcase its advanced portfolio at the Renaissance Las Vegas Hotel, featuring:
- 48V Motor Drivers for AI data centers and EVs
- XtremeSense™ TMR Sensors for automotive and industrial applications
- Silicon Carbide Gate Drivers for EVs and clean energy
- Micropower Switches and Latches for consumer devices
- Inductive Position Sensors for EVs and robotics
- LiveBench Platform for product evaluation
The company will conduct live demonstrations and offer networking opportunities with executive leadership team members.
Allegro MicroSystems (Nasdaq: ALGM) has won the Electronica 2024: Best-in-Show Award from Embedded Computing Design for its innovative A89224 automotive System-on-a-Chip (SoC). The award ceremony was held on November 12, 2024, in Munich, Germany.
The A89224 is a high-performance automotive SoC with an integrated 90V MOSFET driver, specifically designed for advanced motor control in 24V and 48V automotive systems. It serves as a control hub for various automotive functions, from power windows and seats to advanced safety mechanisms, delivering enhanced performance and efficiency for improved driving experiences.
Cyient and Allegro MicroSystems (NASDAQ: ALGM) have expanded their partnership by inaugurating a Center of Excellence (CoE) in Hyderabad, India. The facility, located at Cyient's Manikonda Campus, will focus on developing next-generation magnetic sensors and power semiconductor products for the automotive industry. The CoE will employ over 100 skilled engineers specializing in post-silicon validation, design verification, analog design, and embedded systems.
The center will accelerate the development of Allegro's sensor and power IC product portfolios, important for electric vehicles and ADAS applications. This expansion strengthens Allegro's presence in India and aims to address key industry trends, including the growing demand for magnetic sensors in EVs and high-power devices.
Allegro MicroSystems (Nasdaq: ALGM), a leader in power and sensing semiconductor solutions, has announced its participation in Wells Fargo's 8th Annual TMT Summit. The event will take place on December 4, 2024, at the Terranea Resort in Rancho Palos Verdes, CA. Derek D'Antilio, EVP and Chief Financial Officer, will engage in a fireside chat at 11:00 AM PST. The presentation will be accessible via live and archived webcast on the company's Investor Relations webpage.
Allegro MicroSystems (ALGM) has unveiled new inductive position sensors and micropower magnetic switches at Electronica 2024. The new APS11753 and APS12753 switches achieve 50% lower power consumption compared to existing products, while offering higher sensitivity for enhanced air gap tolerance. The company also introduced A17802 and A17803 inductive position sensors featuring precise contactless angle sensing, wide temperature range operation, and integrated digital compensation.
These innovations target automotive, industrial, and consumer applications, particularly focusing on battery-powered devices and electric vehicle traction motors. The solutions aim to lower system costs, extend battery life, and improve reliability across various applications.
Allegro MicroSystems (ALGM) has unveiled a new series of power products aimed at automotive, industrial, and data center applications. The lineup includes 48V motor drivers (A89212, A89224, A89333), the APM81815 buck regulator, and the AHV85311 isolated gate driver. These products focus on improving efficiency, simplifying design, and reducing costs across various applications.
The solutions include features like extended battery life for power tools and eBikes, optimized fan and pump performance for automotive systems, improved thermal management for AI servers, and simplified power regulation for electric power steering and EV applications.
Allegro MicroSystems (ALGM) reported Q2 FY2025 results with total net sales of $187 million, showing a 12% sequential increase but a decline from $275.5 million year-over-year. Automotive sales reached $141.9 million while Industrial and other sales were $45.5 million. The company achieved a GAAP gross margin of 45.7% and non-GAAP gross margin of 48.8%. Non-GAAP EPS was $0.08, at the high end of guidance. For Q3 FY2025, Allegro expects net sales between $170-180 million with non-GAAP gross margin of 49-51% and diluted EPS of $0.04-0.08.
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