Allegro MicroSystems Reports Fiscal Third Quarter 2023 Results
MANCHESTER, N.H., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro” or the “Company”) (Nasdaq:ALGM), a global leader in sensing and power semiconductor solutions for motion control and energy efficient systems, today announced financial results for its third quarter 2023 that ended December 23, 2022.
- MANCHESTER, N.H., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro” or the “Company”) (Nasdaq:ALGM), a global leader in sensing and power semiconductor solutions for motion control and energy efficient systems, today announced financial results for its third quarter 2023 that ended December 23, 2022.
- This allowed us to deliver record GAAP and non-GAAP operating margins of 26 and 30 percent, respectively in the quarter.
- Industrial net sales increased 5.9% sequentially and 59.9% year-over-year to 21% of net sales in the quarter.
- For the fourth quarter ending March 31, 2023, the Company expects total net sales to be in the range of $260 million to $270 million.