Allegro MicroSystems, Inc. (ALGM) Tops Q2 EPS by 2c
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Allegro MicroSystems Reports Second Quarter of Fiscal Year 2022 Results
October 28, 2021 8:00 AM EDTMANCHESTER, N.H., Oct. 28, 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 second quarter of fiscal year 2022 that ended September 24, 2021. The Companys net sales increased 3% sequentially and 42% over the same period of the prior year to a new quarterly record of $193.6 million. The Companys successful execution of its strategic manufacturing and product portfolio transformation supported strong gross margins and significant earnings per share growth.
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