Allegro Microsystems, Inc. Stock Price, News & Analysis

Allegro MicroSystems (Nasdaq: ALGM) reported strong Q1 2026 financial results with total net sales of $203 million, representing a 22% year-over-year growth. The company saw significant growth across segments, with e-Mobility up 31% and Industrial/Other up 50% year-over-year.

Key financial metrics include non-GAAP EPS of $0.09 (3x year-over-year increase), free cash flow of $51 million (25% of sales), and voluntary debt repayments of $35 million. The company's Q2 FY2026 outlook projects net sales between $205-215 million with non-GAAP diluted EPS expected between $0.10-0.14.

Allegro MicroSystems (Nasdaq: ALGM) has scheduled its first quarter fiscal year 2026 earnings release for Thursday, July 31, 2025, before market open. The company will host a conference call at 8:30 a.m. Eastern Time featuring President and CEO Mike Doogue and CFO Derek D'Antilio to discuss financial results and business outlook.

Investors and analysts can participate through a live webcast or dial-in, with advanced registration required for phone access. The webcast recording will remain available for 90 days on the company's investor relations website.

Allegro MicroSystems (NASDAQ: ALGM), a leading provider of power and sensing semiconductor solutions, has announced its participation in TD Cowen's 53rd Annual Technology, Media & Telecom Conference. The event will take place on May 29, 2025, at the InterContinental New York Barclay in New York. Derek D'Antilio, EVP and Chief Financial Officer, will engage in a fireside chat at 1:15 PM ET. Investors can access both live and archived webcasts of the presentation through the company's Investor Relations webpage at www.allegromicro.com.

Allegro MicroSystems (NASDAQ: ALGM) reported its Q4 and FY2025 results, with Q4 sales reaching $193 million, up 8% sequentially. The company posted Q4 non-GAAP EPS of $0.06. Q4 automotive sales were $140.9 million, while industrial and other segments contributed $51.9 million. However, year-over-year performance showed declines, with FY2025 total revenue at $725 million compared to $1.05 billion in FY2024. For Q1 FY2026, Allegro forecasts revenue between $192-202 million, suggesting 18% year-over-year growth, with expected non-GAAP gross margin of 46-48% and EPS of $0.06-$0.10. The company also made a $25 million voluntary debt payment in April.

Allegro MicroSystems (ALGM) has scheduled the release of its fourth quarter and fiscal year 2025 financial results before market open on Thursday, May 8, 2025. The company will host a conference call at 8:30 a.m. Eastern Time featuring President and CEO Mike Doogue and EVP/CFO Derek D'Antilio to discuss results and business outlook.

The earnings conference call will be accessible through a live webcast and dial-in option, with advanced registration required for dial-in participants. The audio webcast will remain available for at least 90 days on the company's investor relations website.

Allegro MicroSystems (NASDAQ: ALGM) has issued a statement regarding Onsemi's withdrawal of its unsolicited acquisition proposal. The company's Board of Directors, after careful review with independent financial and legal advisors, unanimously determined that Onsemi's proposals were inadequate.

Despite maintaining communication with Onsemi and providing a clear path for engagement that could lead to greater stockholder value, Onsemi declined to pursue this path. Allegro's Board remains committed to stockholder interests and emphasizes the company's unique position in addressing electrification and autonomy trends through sensing and power technologies.

The company will continue focusing on innovation in e-Mobility, clean energy, data center, robotics and automation markets to enhance its competitive advantages and market-leading positions. PJT Partners and Davis Polk & Wardwell LLP are serving as financial and legal advisors, respectively.

onsemi (NASDAQ: ON) has announced the termination of its efforts to acquire Allegro MicroSystems (NASDAQ: ALGM) and withdrawn its all-cash proposal of $35.10 per share. The decision comes after Allegro's Board of Directors showed reluctance to fully engage with the proposal.

Despite believing in the potential benefits of combining the two complementary businesses, onsemi determined there was no actionable path forward. The company will instead focus on other opportunities to enhance stockholder value and continue allocating capital towards its existing share repurchase program.

CEO Hassane El-Khoury emphasized onsemi's commitment to disciplined capital allocation and highlighted the company's strong position in core markets of automotive, industrial, and AI data centers, supported by market-leading technology and a robust innovation pipeline.

Allegro MicroSystems (ALGM) has appointed Rick Madormo as Senior Vice President of Worldwide Sales, effective March 24, 2025. Madormo will lead Allegro's global sales organization, focusing on revenue growth in automotive and industrial markets. He succeeds Max Glover, who will transition to an advisory role until May 16, 2025.

Madormo brings over 25 years of semiconductor industry sales experience, most recently serving as Senior Vice President of Global Sales and Marketing at Wolfspeed, where he achieved record-setting results and led the company's transformation to Silicon Carbide leadership. His previous roles include Vice President of Americas Sales at Intel and various sales leadership positions at Altera.

CEO Mike Doogue expressed confidence that Madormo's expertise, combined with Allegro's sensing and power technology, will drive the company's growth in e-Mobility and industrial markets.

onsemi (NASDAQ: ON) has proposed to acquire Allegro MicroSystems (NASDAQ: ALGM) for $35.10 per share in an all-cash transaction, valuing the company at an enterprise value of $6.9 billion. The offer represents a 57% premium to Allegro's unaffected closing share price on February 28, 2025.

The proposal follows multiple attempts by onsemi to engage with Allegro over six months, including an initial offer of $34.50 per share in September 2024. The combination would unite two complementary businesses in automotive and industrial markets, particularly in magnetic sensing and power ICs.

onsemi plans to finance the transaction through a combination of committed financing, cash on hand, and existing credit facilities. The company aims to create a diversified leader in automotive, industrial, and AI data center applications through this strategic acquisition.