Allegro MicroSystems Inc · Q1 2025 earnings

Briefing

Delivered results toward the higher end of commitments while making progress on inventory rebalancing.

Allegro MicroSystems reported first quarter sales of $167 million, exceeding the midpoint of their outlook. Non-GAAP EPS was $0.03, reaching the high end of their outlook. The company expects a return to low double-digit sequential sales growth in the second quarter and repurchased 39 million shares from a majority shareholder.

• Sales of $167 million were above the midpoint of the outlook.
• Non-GAAP EPS was $0.03, at the high end of the outlook.
• Made a $50 million voluntary debt repayment.
• Announced repurchase of 39 million shares from majority shareholder.

Headline financials

Revenue & EPS history

For the second quarter of fiscal year 2025, the Company expects net sales to be in the range of $182 million to $192 million. The Company also estimates the following results on a non-GAAP basis: Gross Margin is expected to be between 49% and 51%, Interest expense is expected to be approximately $7 million, and Diluted Earnings per Share are expected to be in the range of $0.04 to $0.08.