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 has expanded its QuietMotion™ product line with the A89307, an automotive-qualified gate driver IC designed for battery cooling fans and HVAC systems in electric and hybrid vehicles. This device employs a Field Oriented Control algorithm for ultra-low noise operation, enhancing vehicle efficiency by improving battery life and mitigating environmental impact. The A89307 simplifies design processes and reduces component costs, supporting sustainable automotive innovation.
Allegro MicroSystems (Nasdaq: ALGM) will release its Q2 fiscal year 2022 financial results before the market opens on October 28, 2021. Following the release, a conference call is scheduled for 8:30 AM EDT featuring CEO Ravi Vig and CFO Paul Walsh discussing the results and business outlook. Analysts and investors can join the call via dial-in or access a live webcast. An archived version will be available afterward on the investor relations page.
Allegro MicroSystems has finalized the sale of its manufacturing facility in Thailand (AMTC) to Innolight Technology (Thailand) for approximately $27 million USD. This move is part of Allegro's strategy to streamline back-end operations and enhance gross margin. The company is consolidating integrated circuit assembly and testing into a single site, aiming for a fabless operational model, which also emphasizes sustainability through reduced energy consumption and waste. The transaction aligns with Allegro's multi-year plan to optimize its manufacturing footprint and reduce fixed costs.
Allegro MicroSystems, Inc. (ALGM) reported strong financial results for Q1 FY2022, ending June 25, 2021, with net sales of $188.1 million, a 7% sequential increase and 64% year-over-year growth. Automotive sales reached a record $133.5 million, surging 75% year-over-year. GAAP gross margin was at 50.0%, while non-GAAP gross margin hit 52.2%. Earnings per share (EPS) also exceeded expectations, with GAAP EPS at $0.14 and non-GAAP EPS at $0.18. The outlook for Q2 anticipates net sales between $185 million and $191 million.
Allegro MicroSystems (Nasdaq: ALGM) will release its financial results for Q1 FY 2022 on July 29, 2021, before market opening. CEO Ravi Vig and CFO Paul Walsh will discuss the results and outlook at 8:00 AM EDT in a conference call. Analysts and investors can join by dialing 1-833-665-0677 in the U.S. or 1-929-517-0172 internationally, using Conference ID 6186676. An archived webcast will be available on Allegro's investor relations page.
Allegro MicroSystems, Inc. (ALGM) has launched the ATS19480 speed sensor, featuring advanced giant magnetoresistance (GMR) technology for measuring rotation in electric vehicle transmissions and industrial applications. This sensor boasts an industry-leading air gap and enhanced design flexibility, contributing to improved efficiency, reduced size, and minimized carbon footprint. It represents a significant advancement in sensor technology, surpassing competitors in performance and accuracy. The ATS19480 is available in a lead-free package, with pricing details accessible through Allegro sales offices.
Allegro MicroSystems has appointed David J. Aldrich to its board of directors and Audit Committee, marking a strategic move for the company amid growing opportunities in the semiconductor industry. Aldrich, with over 25 years of experience, previously headed Skyworks Solutions and holds significant expertise in enhancing shareholder value. His appointment is anticipated to bolster Allegro's growth and operational strategies, especially in automotive and industrial sectors.
Allegro MicroSystems announced the launch of the A31315 sensor, designed for automotive applications requiring safety-critical performance. This sensor offers 3D sensing capabilities, enhanced accuracy, and aligns with stringent ASIL-D safety standards. It aids in advanced driver assistance systems (ADAS) and features a robust, compact design for both rotary and linear position measurements. The release emphasizes Allegro's commitment to advancing automotive technology and supporting the growing demand for autonomous vehicles.
Allegro MicroSystems (NASDAQ: ALGM) announced that President & CEO Ravi Vig and CFO Paul Walsh will present virtually at two upcoming investor conferences. The events include the 3rd Annual Mizuho Auto Technology Seminar on May 19, 2021 at 3:30 PM ET, and The Cowen 49th Annual Technology, Media & Telecom Conference on June 3, 2021 at 4:30 PM ET. Investors can access the webcast via Allegro’s Investor Relations page, where archived presentations will also be available.
Allegro specializes in sensor integrated circuits and analog power ICs, catering to automotive and industrial markets.
Allegro MicroSystems (ALGM) reported record fourth quarter net sales of $175.1 million, marking a 6.5% increase sequentially, with fiscal year total net sales reaching $591.2 million. Both gross margin and operating income improved, leading to significant earnings growth with GAAP EPS at $0.05 and non-GAAP EPS at $0.15. Automotive net sales increased by 12.3% and industrial net sales surged 30.7% year-over-year. The company anticipates first fiscal quarter net sales between $176 million and $179 million.
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