NASDAQ$ALGM
Allegro MicroSystems Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported first quarter results with records in revenue and profit.
Allegro MicroSystems reported a strong first quarter for fiscal year 2022, with net sales of $188.1 million, a 7% sequential increase. The company saw significant earnings per share growth on both a GAAP and non-GAAP basis. Design win acceleration in key markets is expected to provide increasing momentum for long-term growth.
- Total net sales of $188.1 million were up 7% sequentially and 64% year over year.
- Automotive net sales increased 13% sequentially in fiscal Q1 to a record $133.5 million, up 75% year-over year.
- GAAP gross margin of 50.0% and non-GAAP gross margin of 52.2% represented recent records and strong progress towards the Company’s target model.
- GAAP diluted EPS increased by $0.09 sequentially to $0.14 in Q1 and non-GAAP diluted EPS increased by 20.0% sequentially to $0.18, exceeding prior expectations.
Headline financials
Revenue & EPS history
Allegro MicroSystems · Revenue · Quarterly
$188M
Revenue by segment
Allegro MicroSystems · $134M total across 1 segment · Q1 2022
- Automotive$134M+74.8%100.0%
Forward guidance
For the second quarter ending September 24, 2021, the Company expects total net sales to be in the range of $185 million to $191 million. Non-GAAP gross margin is expected to be about flat and non-GAAP earnings per fully-diluted share for the same period is expected to be in the range of $0.18.
Tailwinds
- Total net sales expected between $185 million and $191 million.
- Non-GAAP gross margin expected to be about flat.
- Non-GAAP earnings per fully-diluted share expected to be around $0.18.
- Strength of the backlog.
- Extended order coverage.
Headwinds
- Allegro has not provided a reconciliation of its second fiscal quarter outlook for non-GAAP gross margin.
- Allegro has not provided a reconciliation of its second fiscal quarter outlook for non-GAAP earnings per fully-diluted share.
- Estimates of all of the reconciling items cannot be provided without unreasonable efforts.
- It is difficult to reasonably provide a forward-looking estimate between such forward-looking non-GAAP measures and the comparable forward-looking GAAP measures.
- Certain factors that are materially significant to Allegro’s ability to estimate these items are out of its control and/or cannot be reasonably predicted.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
+1.4%
Avg return
Earnings day
+3.1%
Avg return
5 days after
+5.9%
Avg return
30 days after
62%
16 / 26 earnings
Positive
+15.2%
Q3 2023
Best reaction
-16.3%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -6.7% | — | — | |
| Q3 2026 | +9.8% | +12.6% | +5.6% | |
| Q2 2026 | -1.3% | -10.7% | -13.2% | |
| Q1 2026 | -7.2% | -7.8% | -8.9% | |
| Q4 2025 | +12.7% | +40.7% | +54.1% | |
| Q3 2025 | +5.0% | +4.8% | -2.4% | |
| Q2 2025 | -5.0% | -7.1% | -2.2% | |
| Q1 2025 | -5.2% | -11.4% | +2.0% | |
| Q4 2024 | -8.9% | -2.8% | +0.1% | |
| Q3 2024 | +10.5% | +14.0% | +25.2% | |
| Q2 2024 | +1.3% | +1.6% | +5.9% | |
| Q1 2024 | -16.3% | -17.6% | -25.9% | |
| Q4 2023 | +4.8% | +3.2% | +5.7% | |
| Q3 2023 | +15.2% | +20.7% | +28.3% | |
| Q2 2023 | +11.8% | +14.0% | +36.5% | |
| Q1 2023 | +3.9% | +6.4% | +2.2% | |
| Q4 2022 | -9.4% | -6.6% | -3.2% | |
| Q3 2022 | +0.9% | -2.0% | -5.1% | |
| Q2 2022 | +2.0% | -4.0% | -5.4% | |
| Q1 2021 | +8.4% | +11.6% | +20.3% | |
| Q1 2022 | +8.4% | +11.6% | +20.3% | |
| Q4 2020 | +3.1% | -0.7% | +11.7% | |
| Q4 2021 | +3.1% | -0.7% | +11.7% | |
| Q3 2020 | -4.4% | -0.6% | -16.2% | |
| Q3 2021 | -4.4% | -0.6% | -16.2% | |
| Q2 2021 | +5.5% | +9.4% | +17.4% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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