Allegro MicroSystems Reports Fourth Quarter and Fiscal Year 2024 Results
Allegro MicroSystems, Inc. (ALGM)
Company Research
Source: GlobeNewswire
– Full Year 2024 Sales Increase 8% to a Record $1.05 Billion ––38% Growth in E-Mobility Drives 17% Year-over-Year Increase in Full Year 2024 Automotive Sales – MANCHESTER, N.H., May 09, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro” or the “Company”) (Nasdaq:ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy efficient systems, today announced financial results for its fourth quarter and full year ended March 29, 2024. “Continued strong momentum in e-Mobility drove record fiscal year 2024 sales to more than $1 billion and record non-GAAP earnings per share of $1.35. We also achieved a record level of design wins of more than $1 billion. I would like to thank the entire Allegro team for their contributions which enabled us to achieve these significant milestones,” said Vineet Nargolwala, President and CEO of Allegro. "During fiscal year 2024, we strengthened our market-leading positions in magneti
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ALGM
News
- Allegro MicroSystems to Present at TD Cowen’s Technology, Media & Telecom Conference on May 29GlobeNewswire
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ALGM
Earnings
- 5/9/24 - Beat
ALGM
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- ALGM's page on the SEC website