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Dec 24, 2021
Allegro MicroSystems Q3 2022 Earnings Report
Allegro MicroSystems' Q3 2022 results exceeded guidance, with accelerated momentum in strategic growth areas.
Key Takeaways
Allegro MicroSystems reported net sales of $186.6 million, exceeding the top of its guidance range with a 13% increase year-over-year. The company saw record gross margins and better-than-expected earnings per share, driven by design win momentum and new product revenue in strategic growth areas.
Total net sales of $186.6 million exceeded guidance, increasing 13% year-over-year.
Automotive net sales of $130.8 million were up 15% year-over-year.
Industrial net sales of $31.9 million were up 35% year-over-year.
GAAP gross margin of 54.2% and non-GAAP gross margin of 54.8% represented recent records.
Revenue by Segment
Forward Guidance
For the fourth quarter ending March 25, 2022, the Company expects total net sales to be in the range of $193 million to $197 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 $0.20 to $0.21.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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