NASDAQ$ALGM
Allegro MicroSystems Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Allegro MicroSystems' Q4 2023 sales increased by 35% and GAAP EPS increased by 138% year-over-year.
Allegro MicroSystems reported a strong finish to fiscal year 2023, with record fourth quarter sales of $269 million, up 35% year-over-year and record non-GAAP diluted earnings per share of $0.37, an increase of more than 75% year-over-year.
- Delivered record fourth quarter sales of $269 million, up 35% year-over-year.
- Achieved record non-GAAP diluted earnings per share of $0.37, an increase of more than 75% year-over-year.
- Saw significantly increased design win momentum in fiscal year 2023 with approximately two-thirds of wins coming from strategic growth areas including e-Mobility and Industrial.
- E-Mobility increased to 43% of fiscal year 2023 Automotive sales, up from 36% in fiscal year 2022.
Headline financials
Revenue & EPS history
Allegro MicroSystems · Revenue · Quarterly
$269M
Revenue by segment
Allegro MicroSystems · $182M total across 1 segment · Q4 2023
- Automotive$182M+29.1%100.0%
Forward guidance
For the first quarter ending June 30, 2023, the Company expects total sales to be in the range of $270 million to $280 million. The company also estimates the following results on a non-GAAP basis: •Gross margin is expected to be approximately 56% •Operating expenses are anticipated to be between 26% and 27% of sales •Earnings per diluted share are expected to be in the range of $0.35 to $0.39
Tailwinds
- Total sales to be in the range of $270 million to $280 million.
- Gross margin is expected to be approximately 56%
- Earnings per diluted share are expected to be in the range of $0.35 to $0.39
- Operating expenses are anticipated to be between 26% and 27% of sales
- No reconciliation of its first fiscal quarter outlook for non-GAAP gross margin, non-GAAP operating expenses and non-GAAP earnings per diluted share was provided
Headwinds
- 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.
- Factors cannot be reasonably predicted.
- Forward-looking statements are subject to a number of known and unknown risks, uncertainties and assumptions
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 2023
+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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