ALLEGRO MICROSYSTEMS, INC. SEC 10-Q Report
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Allegro MicroSystems, Inc., a leading provider of sensing and power solutions for motion control and energy-efficient systems, has released its latest Form 10-Q report, showcasing significant improvements in both financial and operational performance. The company's robust growth is driven by increased demand across various applications, including data centers, medical devices, industrial automation, and electric mobility products.
Financial Highlights
- Total net sales: $214.3 million, marking a 14.4% increase compared to the same period last year. This growth is attributed to strong demand in data center applications, medical applications, industrial automation and robotics, and e-Mobility products.
- Gross profit: $99.3 million, with a gross margin of 46.3%, up from 45.7% in the prior year period. The improvement is primarily due to increased net sales and a favorable change in product mix.
- Operating income: $6.2 million, an impressive 53.5% increase from the previous year, reflecting higher sales and improved operational efficiency.
- Net income: $6.6 million, a significant turnaround from a net loss of $33.6 million in the prior year, driven by increased sales and reduced interest expenses.
- Net income (loss) per common share attributable to Allegro MicroSystems, Inc. stockholders: $0.03, compared to a loss of $0.18 per share in the prior year, indicating improved profitability.
Business Highlights
- Revenue Segments: The company reported an increase in net sales driven by data center applications, medical applications, industrial automation and robotics, and e-Mobility products, including advanced driver assistance systems (ADAS) and components for electric vehicles (EVs).
- Geographical Performance: Greater China and Other Asia regions saw significant increases in net sales, primarily driven by ADAS, EV components, and industrial applications. The Americas, particularly the United States, experienced a decline in net sales, while Europe saw growth in automotive markets.
- Sales Units: Allegro MicroSystems ships over 1.5 billion units annually to more than 10,000 customers worldwide, indicating a strong operational scale and market reach.
- Product Line Performance: Magnetic sensors saw increased demand for tunneling magnetoresistance (TMR) sensor solutions, while power integrated circuits experienced growth driven by motor products and high-performance power products.
- Future Outlook: The company plans to continue investing in expanding operations in China, Japan, India, and the Philippines to manage and service customers directly, which could lead to increased net sales and operational expenses.
SEC Filing: ALLEGRO MICROSYSTEMS, INC. [ ALGM ] - 10-Q - Oct. 31, 2025