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Allegro MicroSystems (ALGM)
NASDAQ:ALGM
RESEARCH TOOLSreports
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
0.05Last Year’s EPS
0.25Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: 20.83%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong advancements in product innovation, supply chain localization, and financial management contrasted by significant declines in sales and margins. While leading indicators like increased bookings and reduced cancellations are positive, the year-over-year sales and margin declines indicate ongoing challenges.Company Guidance
During the Allegro MicroSystems earnings call for the third fiscal quarter of 2025, the company reported sales of $178 million and a non-GAAP EPS of $0.07, both exceeding the midpoint of their guidance. Despite a 5% sequential and 30% year-over-year decline in total sales, Allegro noted positive trends such as increased within-quarter orders and bookings, which are the highest in eight quarters, up 50% year-over-year. The automotive sector contributed $130 million, representing 73% of total sales, while the Industrial and Other sectors contributed $48 million. Gross margin stood at 49.1%, and operating margin was 10.8%, with an adjusted EBITDA of 17% of sales. Looking ahead, Allegro expects fourth-quarter sales to range between $180 million and $190 million, with a gross margin between 46% and 48%, and non-GAAP EPS between $0.03 and $0.07. The company highlighted its strategic focus on expanding its product portfolio, particularly in the fast-growing xEVs and ADAS markets, and is optimistic about future growth driven by electrification and automation trends.Strong Q3 Bookings and Indicators
Bookings for the quarter were the highest in the past eight quarters, up 50% year-over-year, indicating strong demand and lower channel inventory. Cancellations have largely abated, suggesting a stabilization in demand.
Product Innovation and Expansion
Allegro introduced a range of new products, including inductive position sensors, micropower magnetic switches, and the industry's fastest current sensor IC. These innovations address various sectors like xEV, robotics, and data centers.
Progress in Localization and Supply Chain in China
Significant progress was made in localizing the supply chain in China with shipments from local OSAT partners already underway, expected to expand throughout the year.
Debt Management and Interest Savings
Allegro made a voluntary debt payment of $25 million and plans another $30 million payment in Q4, with an expected annual interest saving of $3 million due to a term loan repricing.
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ALGM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ALGM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $22.85 | $24.00 | +5.03% |
| Oct 31, 2024 | $22.22 | $20.84 | -6.21% |
| Aug 01, 2024 | $24.04 | $24.17 | +0.54% |
| May 09, 2024 | $29.36 | $27.67 | -5.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Allegro MicroSystems (ALGM) report earnings?
Allegro MicroSystems (ALGM) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Allegro MicroSystems (ALGM) earnings time?
Allegro MicroSystems (ALGM) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ALGM EPS forecast?
ALGM EPS forecast for the fiscal quarter 2025 (Q4) is 0.05.
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