reports
Allegro MicroSystems to Announce Fourth Quarter and Fiscal Year 2025 F...
Allegro MicroSystems to Announce Fourth Quarter and Fiscal Year 2025 Financial Results MANCHESTER, N.H., April 17, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its fourth quarter and fiscal year 2025 prior to the market open on Thursday, May 8, 2025. Following the press release, Mike Doogue, President and Chief Executive Officer, and Derek D’Antilio, Executive Vice President and Chief Financial Officer, will host a conference call at 8:30 a.m. Eastern Time to discuss the Company’s results and business outlook....
Allegro Issues Statement
Allegro Issues Statement MANCHESTER, N.H., April 15, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (NASDAQ: ALGM) ("Allegro" or the "Company") today issued the following statement regarding Onsemi’s withdrawal of its unsolicited proposal to acquire Allegro: As a general matter, the Board of Directors of Allegro (“the Board”) believes that public discourse around speculative transactions is not productive nor in the best interests of our stockholders. However, in light of current market speculation about our engagement with Onsemi, we believe it is important to provide stakeholders ...
Allegro MicroSystems Appoints Rick Madormo as Senior Vice President of...
Allegro MicroSystems Appoints Rick Madormo as Senior Vice President of Worldwide Sales MANCHESTER, N.H., March 12, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy-efficient systems, today announced the appointment of Rick Madormo as Senior Vice President of Worldwide Sales, effective March 24, 2025. Rick will be responsible for leading Allegro's global sales organization and driving revenue growth across automotive and industrial end markets, succeeding Max Glover. Ma...
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Allegro Confirms Receipt of Unsolicited Proposal from onsemi
Allegro Confirms Receipt of Unsolicited Proposal from onsemi MANCHESTER, N.H., March 06, 2025 (GLOBE NEWSWIRE) -- Allegro (NASDAQ: ALGM) ("Allegro" or the "Company") today confirmed that it received an unsolicited proposal from onsemi to acquire Allegro for $35.10 per share in cash on February 12, 2025. The Allegro Board of Directors reviewed the proposal, in consultation with its independent financial and legal advisors, and determined that the proposal was inadequate. Allegro does not intend to comment further on this matter unless it determines it necessary to do so. PJT Partners is ...
Allegro MicroSystems Appoints Mike Doogue as President and Chief Execu...
Allegro MicroSystems Appoints Mike Doogue as President and Chief Executive Officer MANCHESTER, N.H., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM) a global leader in power and sensing semiconductor solutions for motion control and energy-efficient systems, today announced the appointment of Mike Doogue as President and Chief Executive Officer and as a member of the Board. Mr. Doogue’s ascension to CEO comes after 27 years of rising through the leadership ranks at Allegro, during which time he enabled many of Allegro’s disruptive technologies, ori...
Allegro MicroSystems to Present at Morgan Stanley’s Technology, Media ...
Allegro MicroSystems to Present at Morgan Stanley’s Technology, Media & Telecom Conference on March 4, 2025 MANCHESTER, N.H., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy efficient systems, today announced that the company will present at Morgan Stanley’s Technology, Media & Telecom Conference on Tuesday, March 4, 2025 at The Palace Hotel in San Francisco, CA. Derek D’Antilio, EVP and Chief Financial Officer, is scheduled to participate in a fireside chat ...
Allegro MicroSystems Appoints Dr. Krishna Palepu to its Board of Direc...
Allegro MicroSystems Appoints Dr. Krishna Palepu to its Board of Directors MANCHESTER, N.H., Feb. 03, 2025 (GLOBE NEWSWIRE) -- (“Allegro”) (Nasdaq: ALGM) a global leader in power and sensing semiconductor solutions for motion control and energy-efficient systems, today announced the appointment of Krishna Palepu, Ross Graham Walker Professor of Business Administration at Harvard Business School, to Allegro’s Board of Directors (“Board”) as an independent director. Dr. Palepu’s appointment was effective on January 31, 2025. Dr. Palepu brings extensive expertise in strategy, governance, ...
Allegro MicroSystems Reports Third Quarter 2025 Results
Allegro MicroSystems Reports Third Quarter 2025 Results MANCHESTER, N.H., Jan. 30, 2025 (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 third quarter ended December 27, 2024. “We delivered on our commitments with third quarter sales of $178 million and non-GAAP EPS of $0.07, both above the midpoint of our guidance,” said Vineet Nargolwala, President and CEO of Allegro. “During the quarter, we ...
Allegro MicroSystems to Announce Third Quarter Fiscal 2025 Financial R...
Allegro MicroSystems to Announce Third Quarter Fiscal 2025 Financial Results MANCHESTER, N.H., Jan. 09, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its third quarter fiscal 2025 prior to the market open on Thursday, January 30, 2025. Following the press release, Vineet Nargolwala, President and Chief Executive Officer, and Derek D’Antilio, Senior Vice President and Chief Financial Officer, will host a conference call at 8:30 a.m. Eastern Time to discuss the Company’s results and business outlook. Analysts an...
Allegro MicroSystems Redefines Sensing with Launch of New Current Sens...
Allegro MicroSystems Redefines Sensing with Launch of New Current Sensor ICs in Compact Packages New Sensor ICs Deliver Higher Isolation in a 40% Smaller Footprint Compared to Existing Products, Delivering Exceptional Power Density MANCHESTER, N.H., Jan. 08, 2025 (GLOBE NEWSWIRE) -- (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy-efficient systems, today announced the launch of two new current sensor ICs - the and the Leveraging Allegro’s cutting-edge sensing technology, these ICs provide low internal conductor resistance, high...
Allegro MicroSystems to Present Virtually at the 27th Annual Needham G...
Allegro MicroSystems to Present Virtually at the 27th Annual Needham Growth Conference on January 16, 2025 MANCHESTER, N.H., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy efficient systems, today announced that the company will present virtually at the 27th Annual Needham Growth Conference on Thursday, January 16, 2025. Vineet Nargolwala, President and Chief Executive Officer, and Derek D’Antilio, EVP and Chief Financial Officer, are scheduled to participat...
Allegro MicroSystems to Showcase Its Dynamic Sensing and Power Solutio...
Allegro MicroSystems to Showcase Its Dynamic Sensing and Power Solutions at CES 2025 Allegro's innovative technology is transforming sensing and power to enable a smarter, more efficient future MANCHESTER, N.H., Dec. 19, 2024 (GLOBE NEWSWIRE) -- (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy-efficient systems, today announced plans to showcase its latest innovations at CES 2025, taking place January 7-10, 2025, in Las Vegas, Nevada. During the event, Allegro will highlight its advanced portfolio of high-resolution magnetic ...
Allegro MicroSystems Wins Embedded Computing Design’s Electronica 2024...
Allegro MicroSystems Wins Embedded Computing Design’s Electronica 2024: Best-In-Show Award Allegro's A89224 Automotive SoC Recognized for Innovation at Electronica 2024 MANCHESTER, N.H., Nov. 20, 2024 (GLOBE NEWSWIRE) -- (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy efficient systems, today announced that its automotive System-on-a-Chip (SoC) has won the , presented by . The award ceremony took place on November 12, 2024, at in Munich, Germany. The A89224 is a high-performance automotive SoC featuring an integrated 90V M...
Allegro MicroSystems to Present at Wells Fargo’s 8th Annual TMT Summit...
Allegro MicroSystems to Present at Wells Fargo’s 8th Annual TMT Summit on December 4, 2024 MANCHESTER, N.H., Nov. 15, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy efficient systems, today announced that the company will present at Wells Fargo’s 8th Annual TMT Summit on Wednesday, December 4, 2024 at the Terranea Resort in Rancho Palos Verdes, CA. Derek D’Antilio, EVP and Chief Financial Officer, is scheduled to participate in a fireside chat at 11:00 AM PST. A liv...
Allegro MicroSystems Introduces Advanced Magnetic and Inductive Positi...
Allegro MicroSystems Introduces Advanced Magnetic and Inductive Position Sensing Solutions at Electronica 2024 New Solutions Enhance Accuracy, Efficiency, and Reliability While Reducing Power Consumption by up to 50% Compared to Existing Switches and Latches MANCHESTER, N.H., Nov. 12, 2024 (GLOBE NEWSWIRE) -- (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy efficient systems, today at Electronica 2024, introduced its new inductive position sensors and a series of micropower magnetic switches and latches. These advanced sensing pro...
Allegro MicroSystems Unveils Innovative Power Products for a More Ener...
Allegro MicroSystems Unveils Innovative Power Products for a More Energy Efficient Future Allegro’s New Solutions Deliver Design Simplicity With Cost Savings MANCHESTER, N.H., Nov. 04, 2024 (GLOBE NEWSWIRE) -- (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing solutions, today announced a groundbreaking series of Power products poised to redefine performance and efficiency across automotive, industrial and data center applications. Allegro’s innovative products, debuting at , empower customers to achieve unparalleled performance while simplifying design and reducing costs...
Allegro MicroSystems Reports Second Quarter 2025 Results
Allegro MicroSystems Reports Second Quarter 2025 Results – Sales Increased 12% Sequentially to $187 Million – MANCHESTER, N.H., Oct. 31, 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 second quarter ended September 27, 2024. “We delivered results in-line with our commitments. Second quarter sales were $187 million, with sequential growth in both Automotive and Industrial and Other end ma...
Allegro MicroSystems to Announce Second Quarter Fiscal 2025 Financial ...
Allegro MicroSystems to Announce Second Quarter Fiscal 2025 Financial Results MANCHESTER, N.H., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its second quarter fiscal 2025 prior to the market open on Thursday, October 31, 2024. Following the press release, Vineet Nargolwala, President and Chief Executive Officer, and Derek D’Antilio, Senior Vice President and Chief Financial Officer, will host a conference call at 8:30 a.m. Eastern Time to discuss the Company’s results and business outlook. Analysts ...
Allegro MicroSystems Introduces High-Bandwidth Current Sensors Incorpo...
Allegro MicroSystems Introduces High-Bandwidth Current Sensors Incorporating XtremeSense™ TMR Technology New current sensors utilizing Allegro’s patented XtremeSense™ TMR technology represent the first products launched since the company’s acquisition of Crocus Technologies MANCHESTER, N.H., Sept. 11, 2024 (GLOBE NEWSWIRE) -- (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy efficient systems, announced today two new sensors that streamline high power density designs, provide space and cost savings while improving energy efficienc...
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