Allegro MicroSystems, Inc. (ALGM) Tops Q2 EPS by 2c
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Allegro MicroSystems Reports First Quarter 2023 Results
July 28, 2022 7:01 AM EDTCompany Achieves New Quarterly Sales Record
MANCHESTER, N.H., July 28, 2022 (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 first quarter 2023 that ended June 24, 2022.
Quarter Highlights:
Total net sales were a record $217.8 million, increasing 16% year-over-year.Automotive net sales were a record $149.6 million, increasing 12% year-over-year.Industrial... More