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Mar 25, 2022
Allegro MicroSystems Q4 2022 Earnings Report
Allegro MicroSystems achieved record revenue and profitability.
Key Takeaways
Allegro MicroSystems reported record fourth-quarter revenue of $200.3 million, a 14% increase year-over-year. GAAP EPS was $0.13 and non-GAAP EPS was $0.21. The company's performance was driven by strong growth in the automotive and industrial markets.
Total net sales of $200.3 million increased 14% year-over-year, exceeding guidance.
Automotive net sales of $141.2 million were up 19% year-over-year.
Industrial net sales of $34.7 million were up 19% year-over-year.
GAAP diluted earnings per share was $0.13 and non-GAAP diluted EPS was $0.21, up 11% sequentially and at the high end of guidance.
Allegro MicroSystems
Allegro MicroSystems
Allegro MicroSystems Revenue by Segment
Revenue by Segment
Automotive Revenue
CapyFin.com Forward Guidance
For the first quarter ending June 24, 2022, the Company expects total net sales to be in the range of $205 million to $210 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 $0.22 to $0.23.