Welcome to our dedicated page for Allegro Microsystems news (Ticker: ALGM), a resource for investors and traders seeking the latest updates and insights on Allegro Microsystems stock.
Allegro MicroSystems, Inc. (Nasdaq: ALGM) is a fabless semiconductor company focused on magnetic sensing and power ICs for motion control and energy‑efficient systems. The ALGM news page on Stock Titan aggregates company announcements, earnings updates, product launches, and investor events so readers can follow how Allegro’s power and sensing technologies are being deployed across automotive, clean energy, industrial automation, and data center applications.
Recent news releases describe Allegro as a global leader in power and sensing semiconductor solutions and highlight more than three decades of expertise in magnetic sensing and power ICs. Coverage includes earnings results and outlook, where the company discusses net sales by market, margins, and non‑GAAP metrics, as well as commentary on trends in e‑Mobility, industrial markets, and data center demand.
Product‑focused news features new isolated gate drivers in the Power‑Thru portfolio for high‑voltage silicon carbide designs, as well as current sensors such as the ACS37200 and ACS37100 that address efficiency, power density, and high‑speed control challenges in HEV/EVs, industrial systems, AI data centers, and clean energy power conversion. Corporate items, such as analyst days, investor conference presentations, and leadership appointments, are also covered.
Investors and followers of ALGM can use this news feed to review historical announcements and monitor ongoing developments in Allegro’s markets, technology roadmap, and financial performance. Bookmark this page to access a centralized view of Allegro MicroSystems’ official news flow.
Allegro MicroSystems (Nasdaq: ALGM) has announced a new distribution partnership with Mouser Electronics. This collaboration expands Allegro's global distribution network, enabling a wider range of customers to access their products. Mouser will offer Allegro's current sensors, position and speed sensors, and power management ICs on its website. This partnership enhances Allegro's commitment to customer diversity and provides engineers with easier access to energy-efficient solutions.
Allegro MicroSystems (Nasdaq: ALGM) will release its first quarter fiscal year 2023 financial results on July 28, 2022, before market opening. Following the release, a conference call will be held at 8:30 a.m. EDT, featuring Vineet Nargolwala, President and CEO, and Derek D’Antilio, CFO. Investors can join via a live webcast or by registering for a dial-in number. Allegro MicroSystems specializes in sensor integrated circuits and application-specific analog power ICs for automotive and industrial markets, contributing to technologies in electrification and automation.
Allegro MicroSystems (Nasdaq: ALGM) has launched two new magnetic position sensors, A33110 and A33115, at the Sensors Converge Conference in San Jose, CA. These sensors integrate vertical Hall and TMR technologies, delivering enhanced accuracy and safety for advanced driver assistance systems (ADAS). The A33110 and A33115 cater to the needs of automated vehicles by providing up to eight times greater sensitivity compared to standard sensors. Both products are ASIL D-compliant, enabling comprehensive safety checks, and highlight Allegro’s commitment to innovation in the automotive sensor market.
Allegro MicroSystems announces the acquisition of Heyday Integrated Circuits for approximately $19 million. This acquisition is aimed at enhancing Allegro’s offerings in energy-efficient solutions, particularly in electric vehicles, solar power, and charging infrastructure. Heyday specializes in isolated gate drivers that integrate multiple components in a compact design. This deal is projected to expand Allegro’s market by an estimated $2.7 billion within high-growth sectors.
The acquisition is expected to close in Q3 2022, pending regulatory approvals.
Allegro MicroSystems (NASDAQ: ALGM) announced that CEO Ravi Vig and CFO Derek D’Antilio will present at the Cowen 50th Annual Technology, Media & Telecom Conference on June 1, 2022, at 3:20 PM ET in New York City. The event will showcase Allegro's advancements in sensing and power semiconductor technology for automotive and industrial markets. Investors can access the webcast at this link and find archived presentations on the company's Investor Relations page.
Allegro MicroSystems (Nasdaq: ALGM) announced the launch of two new sensorless BLDC gate drivers, A89332 and A89332-1, on May 25, 2022. These devices aim to enhance thermal efficiency in data centers, helping to reduce energy consumption and operational costs. Key innovations include an integrated power loss brake, which prevents reverse fan rotation and optimizes power usage. The new drivers are compact, with a 4mm x 4mm QFN package, and are positioned as industry-leading solutions designed to simplify server cooling systems while improving reliability and time-to-market for manufacturers.
Allegro MicroSystems (Nasdaq: ALGM) has launched two innovative full-bridge gate drivers, A89505 and A89506, designed for automotive and industrial use. These drivers replace mechanical relays with solid-state solutions, enhancing performance and reliability while minimizing design footprint. Capable of operating at a maximum of 50V, they include built-in current sensing and diagnostics, significantly reducing the need for external components. These advancements cater to applications such as electric vehicle components and robotics, promoting battery efficiency and reliability in compact designs.
Allegro MicroSystems announces the retirement of CEO Ravi Vig, effective June 13, 2022, after nearly 38 years. He played a key role in the company's strategic transformation and record fiscal year 2022 growth of 30% in net sales. Vineet Nargolwala has been appointed as the new President and CEO, bringing 25 years of leadership experience from Sensata Technologies and Honeywell. Nargolwala aims to capitalize on growth opportunities in electrification and autonomous vehicles, emphasizing innovation in semiconductor technology.
Allegro MicroSystems (ALGM) reported record revenue and profitability for Q4 and FY 2022, with net sales of $200.3 million in Q4, a 14% increase YoY. Automotive sales reached $141.2 million, up 19%, contributing to full-year net sales of $768.7 million, a 30% growth. GAAP diluted EPS rose to $0.62, up 520% YoY. The company expects Q1 2023 sales between $205-$210 million, with non-GAAP EPS guidance of $0.22-$0.23. Allegro cites strong market trends like vehicle electrification and ADAS as key growth drivers.
Allegro MicroSystems (Nasdaq: ALGM) has shipped its three billionth motor driver IC, showcasing the growth of its motion control business. This milestone highlights the demand for high-performance motor drivers in automotive, industrial, and consumer applications. The company's innovations focus on reducing costs and enhancing safety standards. Allegro emphasizes co-development with customers, leading to efficient single-chip solutions. Future motor driver products are set to improve battery life and system costs while adhering to sustainability practices.