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Dec 25, 2020
Allegro MicroSystems Q3 2021 Earnings Report
Announced results for the third fiscal quarter ended December 25, 2020, with end market recovery driving a strong outlook.
Key Takeaways
Allegro MicroSystems reported total net sales of $164.4 million for the third fiscal quarter, exceeding expectations with a 20% increase from the prior quarter. GAAP loss per share was $0.04, while non-GAAP diluted earnings per share was $0.13, also exceeding expectations.
Benefited from the strong recovery in automotive, continued strength in industrial and solid operational execution.
Delivered margin improvement.
Good visibility and unprecedented bookings and backlog give us confidence in delivering another record quarter in fiscal Q4.
Well positioned to deliver on our long-term growth and profitability objectives.
Revenue by Segment
Forward Guidance
For the fourth fiscal quarter ending March 26, 2021, the Company expects total net sales to increase and be in the range of $165 million to $169 million. Non-GAAP gross margin is expected to be in the range of 50% to 51%, and non-GAAP earnings per fully-diluted share for the same period is expected to be in the range of $0.13 to $0.15.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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