Allegro MicroSystems Inc · Q4 2024 earnings

Briefing

Allegro MicroSystems reported Q4 2024 results, with sales decreasing by 11% year-over-year.

Allegro MicroSystems reported fourth-quarter results with net sales of $240.58 million and a net loss attributable to Allegro MicroSystems, Inc. of $7.115 million, or $(0.04) per share.

• Record fiscal year 2024 sales driven by strong momentum in e-Mobility, exceeding $1 billion.
• Record non-GAAP earnings per share of $1.35 achieved in fiscal year 2024.
• Design wins exceeded $1 billion, indicating continued growth potential.
• Company expects a return to sequential growth in the second quarter of fiscal year 2025.

Headline financials

Revenue & EPS history

For the first quarter of fiscal year 2025 ending June 28, 2024, the Company expects net sales to be in the range of $160 million to $170 million. The Company also estimates the following results on a non-GAAP basis: •Gross Margin is expected to be between 49% and 50%, Gross Margin is expected to be between 49% and 50%, •Operating Expenses are expected to be between $72 and $73 million, and Operating Expenses are expected to be between $72 and $73 million, and •Diluted Earnings per Share are expected to be in the range of $0.01 to $0.03. Diluted Earnings per Share are expected to be in the range of $0.01 to $0.03.