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.
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Allegro MicroSystems, Inc. (Nasdaq: ALGM) announced it will release its fourth quarter and fiscal year 2023 financial results on May 10, 2023, following market close. A conference call hosted by President and CEO Vineet Nargolwala and CFO Derek D’Antilio will take place on May 11, 2023, at 8:30 a.m. EDT to discuss these results and the company’s business outlook. Interested analysts and investors can participate via a registration link provided, which is required for dial-in participants. A live and archived audio webcast will be available on the company’s website for 90 days. Allegro MicroSystems specializes in sensor integrated circuits and application-specific analog power ICs, targeting automotive and industrial markets, focusing on technologies that promote vehicle electrification and energy efficiency.
Allegro MicroSystems has expanded its ClearPower module solutions by introducing two new switching regulators, the APM81803 and APM81911, designed for industrial and automotive applications. These modules significantly enhance electromagnetic compatibility (EMC) while reducing development costs and time to market. They achieve a 70% reduction in PCB footprint compared to conventional solutions and can lower electromagnetic interference (EMI) by up to five times. Both regulators are AEC-Q100 qualified and operate within a voltage range of 3.5V to 36V, with a low quiescent current of 6 µA. Pricing and availability details are also provided.
Allegro MicroSystems has announced the availability of samples for the ACS37601 sensor, designed for electric vehicles, offering advanced safety and accuracy features. This ASIL C-rated sensor achieves high precision with low noise and fast response times, meeting new automotive safety requirements for battery management systems.
The ACS37601 provides measurement capabilities exceeding 200 Amperes and is designed for efficient power management in EVs, with customer collaboration highlighted by Littelfuse. Samples are available in a thin package suitable for surface-mount assembly.
Allegro MicroSystems, a leader in power and sensing semiconductor technology, will host its inaugural Analyst Day on March 14, 2023, in New York City. This event aims to provide insights into the company's strategies, technology innovations, and focus on high-growth markets. Key executives, including President Vineet Nargolwala and CFO Derek D’Antilio, will discuss Allegro's technology leadership and present an updated financial model, alongside product demonstrations. The Analyst Day is invitation-only for in-person attendees but will also feature a live virtual stream and archived webcast available on Allegro's website.
Allegro MicroSystems (Nasdaq:ALGM) reported record financial results for Q3 2023, with total net sales reaching $248.8 million, a 33% increase year-over-year. Automotive net sales hit $170.1 million, up 30.1% year-over-year, while Industrial sales surged to $51.0 million, marking a 59.9% increase. Gross margins also set records at 57.3% GAAP and 58.0% non-GAAP. The company achieved diluted earnings per share of $0.33 GAAP and $0.35 non-GAAP, reflecting increases of 94% and 84% year-over-year, respectively. For Q4 2023, Allegro anticipates net sales between $260 million and $270 million, with gross margins around 57.0%.
MANCHESTER, N.H., Jan. 27, 2023 – Allegro MicroSystems (Nasdaq: ALGM) announced that Polar Semiconductor, its joint venture with Sanken Electric, will receive a $150 million equity investment from One Equity Partners. This funding will enhance Polar's 200 millimeter wafer capacity at its Bloomington, Minnesota facility. Additionally, Polar is seeking U.S. CHIPS Act funding to support its capacity and cost leadership initiatives, crucial for automotive and industrial applications. The transaction is expected to close in the first quarter of Allegro's 2024 fiscal year, ensuring expanded U.S.-based capacity to meet growing customer demand.
Allegro MicroSystems (Nasdaq: ALGM) announced plans to open a new office in Richardson, Texas, focusing on semiconductor integrated chips for electric vehicles.
Set to launch in Spring 2023, the center will create job opportunities and enhance R&D for sensors and power integrated circuits. Allegro aims to triple its local workforce in the coming years, tapping into the area's talent pool.
The move is a part of Allegro's mission for sustainable technology and is supported by the city's vibrant technology sector and proximity to The University of Texas at Dallas.