Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Allegro MicroSystems (ALGM)
NASDAQ:ALGM
RESEARCH TOOLSreports
Holding ALGM?
Track your performance easily
Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$0.06Last Year’s EPS
$0.32Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -2.84%
|Next Earnings Date:Feb 04, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed sentiment with notable achievements in product innovation and strong performance in China, while facing significant year-over-year sales declines and ongoing inventory challenges in North America and Europe. The company is focusing on improving gross margins and managing its debt effectively.Company Guidance
During Allegro MicroSystems' Q2 2025 earnings call, the guidance for the third quarter was outlined with expectations for sales to be between $170 million and $180 million. The gross margin is projected to be within the range of 49% to 51%. Non-GAAP EPS is anticipated to be between $0.04 and $0.08 per share. The company highlighted continuous progress towards vehicle electrification and ongoing inventory rebalancing, with adjustments for typical December quarter seasonality. Allegro also noted that they are seeing strong demand for their products, particularly in China, where sales increased by 54% in Q2. However, they acknowledged lingering inventory challenges in North America and Europe. Additionally, Allegro made a $25 million voluntary debt payment, reducing their term loan balance to $375 million, and adjusted their interest expense outlook to approximately $6 million for the third quarter.Innovative Product Launches and Design Wins
In Q2, Allegro launched two new Extreme Sense TMR current sensors following the acquisition of Crocus, leading to significant design wins such as a major project for clean energy smart metering application in North America and a large design win with a Japanese OEM for a PHEV inverter.
Strong Performance in China
Sales in China increased by 54% in Q2, with a successful rebalancing of inventory. The company is also localizing production in China, with the first parts from a new supply chain expected by year-end.
Gross Margin Improvement Expected
Allegro expects gross margin to improve to between 49% and 51% for Q3, up from 48.8% in Q2.
Debt Reduction and Financial Management
Allegro made a $25 million voluntary debt payment, reducing the term loan to $375 million, and repriced the term loan to a lower interest rate.
---
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
---
ALGM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| Feb 01, 2024 | $25.94 | $29.14 | +12.34% |
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.
---
FAQ
When does Allegro MicroSystems (ALGM) report earnings?
Allegro MicroSystems (ALGM) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is Allegro MicroSystems (ALGM) earnings time?
Allegro MicroSystems (ALGM) earnings time is at Feb 04, 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 (Q3) is $0.06.
---