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 appointed Mike Doogue as its new President and Chief Executive Officer, succeeding Vineet Nargolwala. Doogue, who will also join the Board, brings 27 years of experience at Allegro, most recently serving as Executive Vice President and Chief Technology Officer (CTO).
In his previous role as CTO, Doogue led technology development and worldwide operations, including manufacturing, procurement, and quality. He also served as Senior Vice President of Technology and Products, overseeing all business units. Notably, Doogue holds 75 semiconductor-related U.S. patents, demonstrating his technical expertise.
The appointment represents the culmination of a long-term succession planning process led by the Board. Lead Independent Director Joseph Martin expressed confidence in Doogue's ability to drive Allegro's growth in auto and industrial markets.
Allegro MicroSystems (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions, has announced its participation in Morgan Stanley's Technology, Media & Telecom Conference. The event will take place on March 4, 2025, at The Palace Hotel in San Francisco, CA.
The company's EVP and Chief Financial Officer, Derek D'Antilio, will engage in a fireside chat scheduled for 7:45 AM PT. Investors and interested parties can access both live and archived versions of the presentation through the Investor Relations section of Allegro's website at www.allegromicro.com.
Allegro MicroSystems (ALGM) has appointed Dr. Krishna Palepu to its Board of Directors as an independent director, effective January 31, 2025. Dr. Palepu, who serves as Ross Graham Walker Professor of Business Administration at Harvard Business School, brings significant expertise in strategy, governance, and emerging markets, particularly in India and China.
Dr. Palepu's academic research focuses on globalization and corporate board effectiveness, complemented by his experience advising technology and semiconductor companies. He is a fellow of the International Academy of Management and has served on multiple public company boards. His educational background includes a master's degree in Electronics from Andhra University, an MBA-equivalent from Indian Institute of Management, Calcutta, and a Ph.D. in Management from MIT Sloan School of Management.
Allegro MicroSystems (ALGM) reported Q3 FY2025 results with total net sales of $177.9 million and non-GAAP EPS of $0.07, both exceeding guidance midpoint. The quarter's performance included:
- Automotive sales: $130.1 million
- Industrial and other: $47.8 million
- GAAP gross margin: 45.7%
- Non-GAAP gross margin: 49.1%
For Q4 FY2025, the company projects:
- Net sales between $180-190 million
- Non-GAAP gross margin of 46-48%
- Operating expenses to increase ~5% to $72 million
- Interest expense of ~$6 million
- Non-GAAP diluted EPS of $0.03-0.07
The company highlighted the introduction of a record number of new magnetic sensing and power products during the quarter.
Allegro MicroSystems (ALGM) has announced it will release its third quarter fiscal 2025 financial results before the market opens on Thursday, January 30, 2025. The company will host a conference call at 8:30 a.m. Eastern Time on the same day, featuring President and CEO Vineet Nargolwala and CFO Derek D'Antilio, who will discuss the results and business outlook.
The earnings call will be accessible via webcast and dial-in, 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 launched two new current sensor ICs - the ACS37030MY and ACS37220MZ. These innovative sensors deliver higher isolation in a 40% smaller footprint compared to existing 16-pin packages, while featuring lower resistance for reduced power dissipation.
The ACS37030MY combines Hall-effect and inductive coil signal paths, achieving 5x faster response times than existing solutions, specifically designed for protecting wide bandgap GaN devices. The ACS37220MZ features a 150 kHz bandwidth and fault pin, serving as a successor to the ACS724/5 family for value-line current sensing applications.
Both sensors are designed for automotive, industrial, and consumer applications, offering low internal conductor resistance and high operating bandwidth.
Allegro MicroSystems (ALGM), a leading provider of power and sensing semiconductor solutions, has announced its upcoming virtual participation in the 27th Annual Needham Growth Conference on January 16, 2025. The company's presentation will feature a virtual fireside chat at 9:30 AM EST with President and CEO Vineet Nargolwala and EVP and CFO Derek D'Antilio.
Investors and interested parties can access both live and archived versions of the fireside chat through the Investor Relations section of Allegro's website at www.allegromicro.com.
Allegro MicroSystems (ALGM) has announced its participation in CES 2025, scheduled for January 7-10, 2025, in Las Vegas. The company will showcase its advanced portfolio at the Renaissance Las Vegas Hotel, featuring:
- 48V Motor Drivers for AI data centers and EVs
- XtremeSense™ TMR Sensors for automotive and industrial applications
- Silicon Carbide Gate Drivers for EVs and clean energy
- Micropower Switches and Latches for consumer devices
- Inductive Position Sensors for EVs and robotics
- LiveBench Platform for product evaluation
The company will conduct live demonstrations and offer networking opportunities with executive leadership team members.
Allegro MicroSystems (Nasdaq: ALGM) has won the Electronica 2024: Best-in-Show Award from Embedded Computing Design for its innovative A89224 automotive System-on-a-Chip (SoC). The award ceremony was held on November 12, 2024, in Munich, Germany.
The A89224 is a high-performance automotive SoC with an integrated 90V MOSFET driver, specifically designed for advanced motor control in 24V and 48V automotive systems. It serves as a control hub for various automotive functions, from power windows and seats to advanced safety mechanisms, delivering enhanced performance and efficiency for improved driving experiences.
Cyient and Allegro MicroSystems (NASDAQ: ALGM) have expanded their partnership by inaugurating a Center of Excellence (CoE) in Hyderabad, India. The facility, located at Cyient's Manikonda Campus, will focus on developing next-generation magnetic sensors and power semiconductor products for the automotive industry. The CoE will employ over 100 skilled engineers specializing in post-silicon validation, design verification, analog design, and embedded systems.
The center will accelerate the development of Allegro's sensor and power IC product portfolios, important for electric vehicles and ADAS applications. This expansion strengthens Allegro's presence in India and aims to address key industry trends, including the growing demand for magnetic sensors in EVs and high-power devices.
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