Allegro MicroSystems (ALGM) Company Overview

MANCHESTER, N.H., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM) a global leader in power and sensing semiconductor solutions for motion control and energy-efficient systems, today announced the appointment of Krishna Palepu, Ross Graham Walker Professor of Business Administration at Harvard Business School, to Allegro's Board of Directors (“Board”) as an independent director. Dr. Palepu's appointment was effective on January 31, 2025.

Allegro MicroSystems, Inc. (ALGM) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.32 per share a year ago.

Allegro MicroSystems, Inc. (NASDAQ:ALGM ) Q3 2025 Earnings Conference Call January 30, 2025 8:30 AM ET Company Participants Jalene Hoover - Vice President of Investor Relations and Corporate Communications Vineet Nargolwala - President and Chief Executive Officer Derek D'Antilio - Chief Financial Officer Conference Call Participants Joe Quatrochi - Wells Fargo Thomas O'Malley - Barclays Gary Mobley - Loop Capital Chris Caso - Wolfe Research Quinn Bolton - Needham & Company Blayne Curtis - Jefferies Vijay Rakesh - Mizuho Josh Buchalter - TD Cowen Greg Johnson - UBS Mark Lipacis - Evercore Operator Good morning, and welcome to the Allegro MicroSystems Third Quarter Fiscal 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode.

MANCHESTER, N.H., Jan. 09, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its third quarter fiscal 2025 prior to the market open on Thursday, January 30, 2025. Following the press release, Vineet Nargolwala, President and Chief Executive Officer, and Derek D'Antilio, Senior Vice President and Chief Financial Officer, will host a conference call at 8:30 a.m. Eastern Time to discuss the Company's results and business outlook.

New Sensor ICs Deliver Higher Isolation in a 40% Smaller Footprint Compared to Existing Products, Delivering Exceptional Power Density New Sensor ICs Deliver Higher Isolation in a 40% Smaller Footprint Compared to Existing Products, Delivering Exceptional Power Density

Allegro MicroSystems has been oversold compared to its peers as the industry suffered a cyclical downturn. ALGM's strong business fundamentals and growth prospects are not reflected in the current stock price, presenting a buying opportunity with a potential 29% upside. ALGM's automotive-first approach has helped cement its place as the market leader in magnetic sensing chips and continued deal wins as it expands its products.

Allegro MicroSystems faces revenue challenges in FY2025, with a 36% YoY decline in H1 due to weaknesses in both MS and PIC segments. The DAO semiconductor market's downturn and elevated inventory levels in automotive and industrial sectors contribute to Allegro's near-term growth headwinds. Despite current challenges, Allegro remains a leader in the magnetic sensor market with a broad product portfolio and strong market share.

HYDERABAD, India , Nov. 15, 2024 /PRNewswire/ -- Cyient, a global Intelligent Engineering services company, today announced the expansion of its partnership with Allegro MicroSystems, Inc. ("Allegro MicroSystems") (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy efficiency, with the inauguration of a Center of Excellence (CoE) in Hyderabad, India. The CoE, located at Cyient's Manikonda Campus, will focus on developing next-generation magnetic sensors and power semiconductor products for the automotive industry.

MANCHESTER, N.H., Nov. 15, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy efficient systems, today announced that the company will present at Wells Fargo's 8th Annual TMT Summit on Wednesday, December 4, 2024 at the Terranea Resort in Rancho Palos Verdes, CA. Derek D'Antilio, EVP and Chief Financial Officer, is scheduled to participate in a fireside chat at 11:00 AM PST.