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Allegro MicroSystems reports Q2 EPS 8c, consensus 6c
The Fly

Allegro MicroSystems reports Q2 EPS 8c, consensus 6c

Reports Q2 revenue $187.391M, consensus $187.58M. “We delivered results in-line with our commitments. Second quarter sales were $187 million, with sequential growth in both Automotive and Industrial and Other end markets. Non-GAAP EPS was $0.08, at the high end of our outlook,” said Vineet Nargolwala, President and CEO of Allegro. “We are encouraged by the continued demand for our differentiated solutions and the progress made by our customers and partners to rebalance their inventories. We continue to invest for growth to extend our market leadership. The accelerating pace of our new product introductions, as evidenced by our latest product releases, sets the stage for significant growth momentum in the near future.”

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