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.
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.
Visualization of income flow from segment revenue to net income