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Allegro MicroSystems, Inc. (ALGM) is a leading global designer, developer, and fabless manufacturer of sensor integrated circuits (ICs) and application-specific analog power ICs. The company focuses on enabling critical technologies in the automotive and industrial markets. ALGM sells sensor ICs and power ICs that are integral to automotive systems and industrial applications, supporting trends like vehicle electrification and advanced driver assistance systems (ADAS).
- Magnetic Sensors and Other - Designs and develops magnetic sensor IC solutions that enable precise measurement of motion, speed, position, and current, primarily for automotive and industrial electronic systems.
- Power Integrated Circuits (PIC) - Offers high-temperature and high-voltage capable motor drivers, power management ICs, LED driver ICs, and isolated gate drivers designed for complex applications requiring integration, intelligence, and ease of use.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Vineet Nargolwala ExecutiveBoard | President and CEO | Board Member at Brady Corporation | Vineet Nargolwala joined ALGM in June 2022 as President and CEO. He has over 25 years of global executive leadership experience in the technology sector, specializing in sensor-based solutions for automotive and industrial markets. | View Report → |
Derek P. D’Antilio Executive | EVP, CFO, and Treasurer | None | Derek D’Antilio joined ALGM in January 2022. He has extensive financial leadership experience, including leading a Nasdaq listing and scaling production at prior companies. | |
Sharon S. Briansky Executive | SVP, General Counsel, and Secretary | None | Sharon Briansky joined ALGM in December 2021. She oversees legal, compliance, and corporate governance matters and previously held senior legal roles at Thermo Fisher Scientific. | |
Jennie Raubacher Board | Director | Member of the Women’s Leadership Council at the Global Semiconductor Alliance (GSA) | Jennie Raubacher joined ALGM's Board in April 2024. She has over 25 years of investment banking experience, specializing in the semiconductor, technology, and telecom sectors. | |
Joseph Martin Board | Director | Chairman of Azenta Inc.; Board Member at Bionik Labs; Trustee at Embry-Riddle Aeronautical University | Joseph Martin has been on ALGM's Board since 2017. He has extensive public company board experience and deep knowledge of the semiconductor industry. | |
Katsumi Kawashima Board | Director | Senior VP and Head of Corporate Design at Sanken Electric Co., Ltd. | Katsumi Kawashima joined ALGM's Board in June 2022. He has extensive experience in corporate design, general affairs, and human resources at Sanken Electric Co., Ltd. | |
Krishna G. Palepu Board | Director | Professor at Harvard Business School | Krishna Palepu joined ALGM's Board in January 2025. He is an expert in strategy, governance, and emerging markets, with extensive academic and advisory experience in the technology and semiconductor sectors. | |
Mary Puma Board | Director | Board Member at Ciena Corporation and SMART Global Holdings; Chairperson of SEMI | Mary Puma joined ALGM's Board in October 2023. She has over 40 years of technology experience, including 25 years in the semiconductor industry, and previously served as CEO of Axcelis Technologies. | |
Richard Lury Board | Director | Board Member at Hitachi Zosen Corporation | Richard Lury has been on ALGM's Board since 2007. He is a retired attorney with extensive legal expertise and previously served on the board of Sanken Electric Co., Ltd. | |
Susan Lynch Board | Director | Board Member at Onto Innovation Inc.; Chairperson of SEMI | Susan Lynch joined ALGM's Board in 2021. She has over 25 years of financial leadership experience in technology and industrial manufacturing sectors. | |
Yoshihiro (Zen) Suzuki Board | Chairman of the Board | Consultant to Polar Semiconductor, LLC; Honorary Advisor at the Institute of Management Studies in Japan | Yoshihiro Suzuki has been on ALGM's Board since 2001 and Chairman since 2018. He has over 40 years of experience with Sanken and its affiliates, providing extensive industry knowledge. |
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Given the continued inventory digestion challenges in North America and Europe , can you provide more clarity on when you expect these regions to return to normal ordering patterns, and what steps you are taking to mitigate the impact on your business?
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With your strategy to localize manufacturing in China , are you concerned about potential risks associated with geopolitical tensions or supply chain disruptions, and how do you plan to manage these risks while moving a substantial portion of your production to China?
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You mentioned expecting gross margins to improve despite declining revenues , can you elaborate on the specific factors contributing to this expected margin expansion, and how sustainable are these improvements in the current macro environment?
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Considering the competitive landscape in magnetic sensing and power semiconductors , how confident are you in maintaining or extending your market share, especially in the context of potential pricing pressures and competitors attempting to fill fabs?
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Industrial and other sales increased significantly this quarter ; with ongoing uncertainties, what is your outlook for this segment, and how are you planning to address potential softness or volatility in industrial demand moving forward?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Crocus Technology International Corp. | 2025 | Completed in the third quarter of fiscal year 2025 (announced in August 2023) for $408.1 million, this acquisition was driven by the growth potential of TMR technology—which is growing at 30% annually and targets a $1 billion market—while also adding intangible assets valued at $224.2 million to expand Allegro’s magnetic sensing market share. |
Heyday Integrated Circuits | 2022 | Completed on September 1, 2022, this deal brought in Heyday’s fully integrated isolated gate drivers for high-voltage GaN and SiC semiconductors, expanding Allegro’s addressable market by about $2.9 billion and setting the stage for material revenue contributions from fiscal year 2025 onward. |
Voxtel, Inc. | 2020 | Completed on August 28, 2020, with a total purchase price of $34.98 million (including contingent payments up to $15 million), this acquisition provided Allegro with advanced eye-safe LiDAR technology via InGaAs APDs and 38 U.S. patents, bolstering its capabilities in 3D imaging and laser-ranging solutions. |
Recent developments and announcements about ALGM.
Earnings
New Earnings (Q3 2025)
·Jan 30, 2025, 4:16 PMView full earnings summary →ALGM expects a gross margin trough in Q3, with the March quarter facing a 200bps hit. Meanwhile, bookings surged 50% YoY and cancellations hit an all-time low, pointing to robust demand. Auto inventories are now near healthy levels, and e-mobility is set for a rebound.
8-K Filings
8-K Filing
·Feb 24, 2025, 12:56 PMFinancial ExhibitsLeadership ChangesView full 8-K filing →Allegro MicroSystems today announced a leadership change. Effective March 28, 2025, Max Glover will step down as Senior VP, Worldwide Sales and assume the role of strategic advisor to the CEO on March 29, 2025.