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Mar 29, 2024
Allegro MicroSystems Q4 2024 Earnings Report
Allegro MicroSystems reported Q4 2024 results, with sales decreasing by 11% year-over-year.
Key Takeaways
Allegro MicroSystems reported fourth-quarter results with net sales of $240.58 million and a net loss attributable to Allegro MicroSystems, Inc. of $7.115 million, or $(0.04) per share.
Record fiscal year 2024 sales driven by strong momentum in e-Mobility, exceeding $1 billion.
Record non-GAAP earnings per share of $1.35 achieved in fiscal year 2024.
Design wins exceeded $1 billion, indicating continued growth potential.
Company expects a return to sequential growth in the second quarter of fiscal year 2025.
Allegro MicroSystems
Allegro MicroSystems
Allegro MicroSystems Revenue by Segment
Revenue by Segment
Automotive Revenue
CapyFin.comIndustrial and Other Revenue
CapyFin.com Forward Guidance
For the first quarter of fiscal year 2025 ending June 28, 2024, the Company expects net sales to be in the range of $160 million to $170 million. The Company also estimates the following results on a non-GAAP basis: •Gross Margin is expected to be between 49% and 50%, Gross Margin is expected to be between 49% and 50%, •Operating Expenses are expected to be between $72 and $73 million, and Operating Expenses are expected to be between $72 and $73 million, and •Diluted Earnings per Share are expected to be in the range of $0.01 to $0.03. Diluted Earnings per Share are expected to be in the range of $0.01 to $0.03.
Revenue & Expenses
Visualization of income flow from segment revenue to net income