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.
On January 31, 2023, Allegro MicroSystems (Nasdaq: ALGM) will release its financial results for the third quarter of fiscal 2023 before the market opens. The company will host a conference call at 8:30 a.m. EST, featuring key executives discussing the results and future outlook. Analysts and investors can join via a registration link for dial-in access or through a live webcast. Allegro MicroSystems focuses on designing and manufacturing sensor integrated circuits and analog power ICs, serving automotive and industrial markets with innovative solutions for electrification, ADAS safety, and energy efficiency.
Allegro MicroSystems (Nasdaq: ALGM) will participate in the 25th Annual Needham Growth Conference on January 10, 2023. CEO Vineet Nargolwala and CFO Derek D’Antilio will host a fireside chat at 10:15 a.m. ET and will meet with attendees throughout the day. Portfolio managers and analysts interested in meetings can contact Needham representatives via email. Additionally, a live and archived replay of the fireside chat will be available on Allegro's IR website.
Allegro MicroSystems (Nasdaq: ALGM), a leader in power and sensing semiconductor technology, announced participation in key investor conferences. The Wells Fargo TMT Summit will be held on November 29, 2022, followed by the Credit Suisse Technology Conference on November 30, 2022, and the Barclays Global Technology Conference on December 7, 2022. Management will meet with attendees at these events, offering opportunities for portfolio managers and analysts to engage directly. Allegro specializes in sensor integrated circuits for automotive and industrial markets, focusing on electrification and energy efficiency.
Allegro MicroSystems (Nasdaq: ALGM) has unveiled its new A31316 3D Hall-effect position sensor, part of the 3DMAG™ series. The A31316 is designed for automotive safety and advanced driver assistance systems (ADAS), featuring a compact 4 × 4 mm PCB-less package that enhances flexibility and performance in challenging environments. This sensor integrates the die and capacitors, minimizing the impact of contaminants and vibrations on accuracy. It supports ASIL B safety standards and is suited for both rotary and long-stroke linear applications, maintaining high accuracy across a wide temperature range.
Allegro MicroSystems (Nasdaq:ALGM) reported a record second quarter 2023 with net sales reaching $237.7 million, a 23% increase year-over-year. Automotive sales hit $157.4 million, up 25%, while industrial sales grew 33% to $48.2 million. The company's GAAP gross margin stood at 55.5% and diluted earnings per share was $0.26. The acquisition of Heyday Integrated Circuits was finalized, enhancing Allegro's capabilities. For Q3, Allegro anticipates sales between $240 million and $250 million.
Allegro MicroSystems (ALGM) announced it will release its financial results for the second quarter of fiscal 2023 before the market opens on October 27, 2022. Following the release, the company will host a conference call at 8:30 a.m. EDT to discuss the results and future business outlook. The call will feature CEO Vineet Nargolwala and CFO Derek D'Antilio. Analysts and investors can participate via a live webcast or by registering in advance for dial-in access.
Allegro MicroSystems (Nasdaq: ALGM) has completed the acquisition of Heyday Integrated Circuits, a company specializing in isolated gate drivers for high-voltage semiconductor applications. This strategic move aims to enhance Allegro's product offerings in energy-efficient technologies, particularly targeting electric vehicles, solar inverters, datacenters, and industrial sectors. The merger is expected to expand Allegro's market reach and improve power management solutions.
Allegro MicroSystems has appointed Mike Doogue as its first Chief Technology Officer (CTO), bringing 25 years of leadership experience to the role. Beginning his journey with the company in 1998, Doogue has been integral to its engineering and business evolution. The appointment is aimed at enhancing Allegro's technology vision amid critical growth opportunities in sectors such as E-Mobility, Clean Energy, and Data Centers. Additionally, Suman Narayan has been promoted to Senior Vice President of Products, tasked with driving growth in sensor and power portfolios.
MANCHESTER, N.H., Aug. 16, 2022 – Allegro MicroSystems, a leader in sensing and power semiconductor technology, announced participation in two upcoming investor conferences. The Needham Virtual Semiconductor and SemiCap 1x1 Conference will take place on August 24, 2022, with management hosting conference calls. Additionally, the Jefferies Semiconductors Summit is set for August 30, 2022, in Chicago, IL, featuring in-person meetings. Allegro specializes in integrated circuits for automotive and industrial applications, supporting advancements in electrification and automation technologies.
Allegro MicroSystems (Nasdaq:ALGM) reported record financial results for Q1 2023, achieving net sales of $217.8 million, a 16% increase year-over-year. Automotive sales reached $149.6 million, up 12%, while industrial sales soared 32% to $40.1 million. GAAP diluted EPS was $0.05, with non-GAAP EPS at $0.24, reflecting a 33% year-over-year growth. Allegro announced plans to acquire Heyday Integrated Circuits, enhancing its capabilities in high-efficiency power applications and raising its fiscal 2023 growth outlook to 20%.