Global Finance News
09 May 2025, 10:13
Allegro MicroSystems Q4 and FY 2025 Results: Revenue Declines Sharply Year-over-Year but Sequential Momentum Builds
Allegro MicroSystems reported Q4 FY25 revenue of $193 million, up 8% sequentially but down 20% year-over-year, reflecting a continued recovery from earlier softness. Automotive sales fell 23% year-over-year to $141 million, and industrial/other sales declined 11% to $52 million. GAAP net loss for the quarter was $15 million (EPS of -$0.08), while non-GAAP EPS came in at $0.06.
Full-year FY25 sales declined 31% to $725 million. Automotive revenue fell 28% and industrial/other declined 38%. The company posted a GAAP net loss of $73 million for the year (EPS of -$0.39), compared to $153 million in profit the year prior. On a non-GAAP basis, FY25 EPS was $0.24, down from $1.35.
Gross margin contracted to 44.3% for the year (non-GAAP: 48.0%) from 54.8% (non-GAAP: 56.3%) in FY24, driven by lower sales and adverse mix. Operating cash flow was $62 million for FY25, down from $182 million a year earlier. Free cash flow dropped to $22 million from $57 million.
For Q1 FY26, Allegro expects revenue between $192 million and $202 million, implying ~18% year-over-year growth at the midpoint. Gross margin is expected between 46% and 48%, and non-GAAP EPS is projected in the $0.06 to $0.10 range.
Allegro MicroSystems reported Q4 FY25 revenue of $193 million, up 8% sequentially but down 20% year-over-year, reflecting a continued recovery from earlier softness. Automotive sales fell 23% year-over-year to $141 million, and industrial/other sales declined 11% to $52 million. GAAP net loss for the quarter was $15 million (EPS of -$0.08), while non-GAAP EPS came in at $0.06.
Full-year FY25 sales declined 31% to $725 million. Automotive revenue fell 28% and industrial/other declined 38%. The company posted a GAAP net loss of $73 million for the year (EPS of -$0.39), compared to $153 million in profit the year prior. On a non-GAAP basis, FY25 EPS was $0.24, down from $1.35.
Gross margin contracted to 44.3% for the year (non-GAAP: 48.0%) from 54.8% (non-GAAP: 56.3%) in FY24, driven by lower sales and adverse mix. Operating cash flow was $62 million for FY25, down from $182 million a year earlier. Free cash flow dropped to $22 million from $57 million.
For Q1 FY26, Allegro expects revenue between $192 million and $202 million, implying ~18% year-over-year growth at the midpoint. Gross margin is expected between 46% and 48%, and non-GAAP EPS is projected in the $0.06 to $0.10 range.