NASDAQ$ALGM
Allegro MicroSystems Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Achieved record quarterly revenue and profitability.
Allegro MicroSystems reported a record quarterly revenue of $193.6 million, a 42% increase year-over-year. The company's gross margin and earnings per share also reached record highs, driven by strength in industrial and other end markets.
- Total net sales of $193.6 million exceeded expectations due to strength in industrial and other end markets.
- Automotive net sales of $126.0 million were up 41% year-over-year.
- Record Industrial net sales of $36.3 million were up 68% year-over-year.
- Earnings per share exceeded expectations, with GAAP diluted EPS increasing to $0.17 in Q2 and non-GAAP diluted EPS increasing by 11% sequentially to $0.20.
Headline financials
Revenue & EPS history
Allegro MicroSystems · Revenue · Quarterly
$194M
Revenue by segment
Allegro MicroSystems · $126M total across 1 segment · Q2 2022
- Automotive$126M+40.8%100.0%
Forward guidance
For the third quarter ending December 24, 2021, the Company expects total net sales to be in the range of $180 million to $185 million and non-GAAP earnings per diluted share for the same period are expected to be in the range of $0.18.
Tailwinds
- Supply recovery is already underway giving us confidence in a return to growth in Q4
- Confidence in revenue growth of about 28% in fiscal 2022.
- Based on strong end market positioning
- Based on business fundamentals
- Based on design win momentum
Headwinds
- Temporary COVID-related supply chain disruptions affecting fiscal Q3
- Anticipated sequential decline reflects the impact of COVID-related shutdowns of third-party factories in Malaysia that occurred recently.
- Total net sales to be in the range of $180 million to $185 million for the third quarter ending December 24, 2021
- Non-GAAP gross margin for the third quarter is expected to remain about flat to the new higher levels
- Non-GAAP earnings per diluted share for the same period are expected to be in the range of $0.18
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 Q2 2022
+1.4%
Avg return
Earnings day
+3.5%
Avg return
5 days after
+7.0%
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% | +14.4% | +32.9% | |
| 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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