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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.
On January 31, 2023, Allegro MicroSystems (Nasdaq: ALGM) will release its financial results for the third quarter of fiscal 2023 before the market opens. The company will host a conference call at 8:30 a.m. EST, featuring key executives discussing the results and future outlook. Analysts and investors can join via a registration link for dial-in access or through a live webcast. Allegro MicroSystems focuses on designing and manufacturing sensor integrated circuits and analog power ICs, serving automotive and industrial markets with innovative solutions for electrification, ADAS safety, and energy efficiency.
Allegro MicroSystems (Nasdaq: ALGM) will participate in the 25th Annual Needham Growth Conference on January 10, 2023. CEO Vineet Nargolwala and CFO Derek D’Antilio will host a fireside chat at 10:15 a.m. ET and will meet with attendees throughout the day. Portfolio managers and analysts interested in meetings can contact Needham representatives via email. Additionally, a live and archived replay of the fireside chat will be available on Allegro's IR website.
Allegro MicroSystems (Nasdaq: ALGM), a leader in power and sensing semiconductor technology, announced participation in key investor conferences. The Wells Fargo TMT Summit will be held on November 29, 2022, followed by the Credit Suisse Technology Conference on November 30, 2022, and the Barclays Global Technology Conference on December 7, 2022. Management will meet with attendees at these events, offering opportunities for portfolio managers and analysts to engage directly. Allegro specializes in sensor integrated circuits for automotive and industrial markets, focusing on electrification and energy efficiency.
Allegro MicroSystems (Nasdaq: ALGM) has unveiled its new A31316 3D Hall-effect position sensor, part of the 3DMAG™ series. The A31316 is designed for automotive safety and advanced driver assistance systems (ADAS), featuring a compact 4 × 4 mm PCB-less package that enhances flexibility and performance in challenging environments. This sensor integrates the die and capacitors, minimizing the impact of contaminants and vibrations on accuracy. It supports ASIL B safety standards and is suited for both rotary and long-stroke linear applications, maintaining high accuracy across a wide temperature range.
Allegro MicroSystems (Nasdaq:ALGM) reported a record second quarter 2023 with net sales reaching $237.7 million, a 23% increase year-over-year. Automotive sales hit $157.4 million, up 25%, while industrial sales grew 33% to $48.2 million. The company's GAAP gross margin stood at 55.5% and diluted earnings per share was $0.26. The acquisition of Heyday Integrated Circuits was finalized, enhancing Allegro's capabilities. For Q3, Allegro anticipates sales between $240 million and $250 million.
Allegro MicroSystems (ALGM) announced it will release its financial results for the second quarter of fiscal 2023 before the market opens on October 27, 2022. Following the release, the company will host a conference call at 8:30 a.m. EDT to discuss the results and future business outlook. The call will feature CEO Vineet Nargolwala and CFO Derek D'Antilio. Analysts and investors can participate via a live webcast or by registering in advance for dial-in access.
Allegro MicroSystems (Nasdaq: ALGM) has completed the acquisition of Heyday Integrated Circuits, a company specializing in isolated gate drivers for high-voltage semiconductor applications. This strategic move aims to enhance Allegro's product offerings in energy-efficient technologies, particularly targeting electric vehicles, solar inverters, datacenters, and industrial sectors. The merger is expected to expand Allegro's market reach and improve power management solutions.
Allegro MicroSystems has appointed Mike Doogue as its first Chief Technology Officer (CTO), bringing 25 years of leadership experience to the role. Beginning his journey with the company in 1998, Doogue has been integral to its engineering and business evolution. The appointment is aimed at enhancing Allegro's technology vision amid critical growth opportunities in sectors such as E-Mobility, Clean Energy, and Data Centers. Additionally, Suman Narayan has been promoted to Senior Vice President of Products, tasked with driving growth in sensor and power portfolios.
MANCHESTER, N.H., Aug. 16, 2022 – Allegro MicroSystems, a leader in sensing and power semiconductor technology, announced participation in two upcoming investor conferences. The Needham Virtual Semiconductor and SemiCap 1x1 Conference will take place on August 24, 2022, with management hosting conference calls. Additionally, the Jefferies Semiconductors Summit is set for August 30, 2022, in Chicago, IL, featuring in-person meetings. Allegro specializes in integrated circuits for automotive and industrial applications, supporting advancements in electrification and automation technologies.
Allegro MicroSystems (Nasdaq:ALGM) reported record financial results for Q1 2023, achieving net sales of $217.8 million, a 16% increase year-over-year. Automotive sales reached $149.6 million, up 12%, while industrial sales soared 32% to $40.1 million. GAAP diluted EPS was $0.05, with non-GAAP EPS at $0.24, reflecting a 33% year-over-year growth. Allegro announced plans to acquire Heyday Integrated Circuits, enhancing its capabilities in high-efficiency power applications and raising its fiscal 2023 growth outlook to 20%.
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