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Dec 23, 2022
Allegro MicroSystems Q3 2023 Earnings Report
Achieved a record quarter with sales increasing 33% and earnings expanding 96% Y-o-Y led by continued strength in E-Mobility.
Key Takeaways
Allegro MicroSystems reported a record fiscal third quarter 2023 with total net sales of $248.8 million, a 33% year-over-year increase. Automotive net sales were a record $170.1 million, up 30.1% year-over-year, while Industrial net sales reached a record $51.0 million, increasing 59.9% year-over-year. GAAP and non-GAAP diluted earnings per share were $0.33 and $0.35, respectively.
Total net sales were a record $248.8 million, increasing 33% year-over-year.
Automotive net sales were a record $170.1 million, increasing 30.1% year-over-year.
Industrial net sales were a record $51.0 million, increasing 59.9% year-over-year.
GAAP and non-GAAP diluted earnings per share was $0.33 and $0.35, respectively.
Allegro MicroSystems
Allegro MicroSystems
Allegro MicroSystems Revenue by Segment
Revenue by Segment
Automotive Revenue
CapyFin.com Forward Guidance
For the fourth quarter ending March 31, 2023, the Company expects total net sales to be in the range of $260 million to $270 million. Non-GAAP gross margin is expected to be approximately 57.0%, non-GAAP operating expenses are anticipated to be between 27 percent and 28 percent of net sales, and non-GAAP earnings per diluted share are expected to be in the range of $0.35 to $0.37.