NASDAQ$ALGM

Allegro MicroSystems Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Allegro MicroSystems achieved record revenue and profitability.

Allegro MicroSystems reported record fourth-quarter revenue of $200.3 million, a 14% increase year-over-year. GAAP EPS was $0.13 and non-GAAP EPS was $0.21. The company's performance was driven by strong growth in the automotive and industrial markets.

  • Total net sales of $200.3 million increased 14% year-over-year, exceeding guidance.
  • Automotive net sales of $141.2 million were up 19% year-over-year.
  • Industrial net sales of $34.7 million were up 19% year-over-year.
  • GAAP diluted earnings per share was $0.13 and non-GAAP diluted EPS was $0.21, up 11% sequentially and at the high end of guidance.

Headline financials

Total Revenue

$200M

Previous: $175M+14.4%
EPS (adj)

$0.21

Previous: $0.15+40.0%
Non-GAAP Gross Margin

55.6%

Previous: 50.9%+9.2%
Non-GAAP Operating Margin

23.2%

Previous: 19.7%+17.8%
GAAP Gross Margin

54.7%

No prior period
Capital Expenditures

$14.1M

Previous: $14.8M-4.4%
Free Cash Flow

$23.4M

Previous: $42.2M-44.6%
Net Income

$25.7M

Previous: $8.69M+195.2%
Operating Income

$30.2M

Previous: $19.4M+55.5%
Gross Profit

$110M

Previous: $87M+26.0%
Cash & Equivalents

$282M

Previous: $197M+43.2%
Total Assets

$893M

Previous: $748M+19.4%
Stock-Based Comp

$14.9M

Previous: $2.97M+401.9%

Revenue & EPS history

Allegro MicroSystems · Revenue · Quarterly

$200M

Q4 2022+14.4%vs Q4 2021
Beat estimate in 8 of 10 quarters(80%)
ActualEstimate

Revenue by segment

Allegro MicroSystems · $141M total across 1 segment · Q4 2022

  • Automotive
    $141M+19.1%

Forward guidance

For the first quarter ending June 24, 2022, the Company expects total net sales to be in the range of $205 million to $210 million. Non-GAAP gross margin is expected to be in the range of 54% to 55% and non-GAAP earnings per diluted share are expected to be in the range of $0.22 to $0.23.

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 Q4 2022

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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