Allegro MicroSystems, Inc. (ALGM) Tops Q4 EPS by 1c, Offers Q1 Guidance

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Go back to Allegro MicroSystems, Inc. (ALGM) Tops Q4 EPS by 1c, Offers Q1 Guidance

Allegro MicroSystems Reports Fourth Quarter Record Revenue and Accelerating Profits

May 5, 2021 8:00 AM EDT

MANCHESTER, N.H., May 05, 2021 (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 fiscal quarter and fiscal year ended March 26, 2021. Record fourth quarter total net sales of $175.1 million for the three-month period exceeded expectations in the fourth quarter and resulted in fiscal year total net sales of $591.2 million. Profitability also exceeded expectations, with improvements in both gross margin and operating income resulting in significant earnings per... More