$ALGM

ALLEGRO MICROSYSTEMS, INC.

CIK:0000866291|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Jun. 26, 2026	Jun. 27, 2025
Net sales	$ 259,243	$ 203,405
Cost of goods sold	133,633	112,103
Gross profit	125,610	91,302
Operating expenses:
Research and development	55,168	46,500
Selling, general and administrative	44,975	47,542
Total operating expenses	100,143	94,042
Operating income (loss)	25,467	(2,740)
Other (expense) income:
Interest expense	(4,384)	(6,359)
Interest income	405	234
Other expense, net	(4,063)	(1,128)
Income (loss) before income taxes	17,425	(9,993)
Income tax provision	1,506	3,169
Net income (loss)	15,919	(13,162)
Net income attributable to non-controlling interests	48	65
Net income (loss) attributable to Allegro MicroSystems, Inc.	$ 15,871	$ (13,227)
Net Income (loss) per common share attributable to Allegro MicroSystems, Inc.:
Basic (in dollars per share)	$ 0.09	$ (0.07)
Diluted (in dollars per share)	$ 0.08	$ (0.07)
Weighted average shares outstanding:
Basic (in shares)	185,806,543	184,587,027
Diluted (in shares)	187,770,061	184,587,027

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Jun. 26, 2026	Jun. 27, 2025
Cash flows from operating activities:
Net income (loss)	$ 15,919	$ (13,162)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	16,867	16,216
Amortization of deferred financing costs	297	933
Deferred income taxes	(1,702)	(5,061)
Stock-based compensation	14,128	10,762
Provisions for inventory and expected credit losses	1,555	3,450
Other non-cash reconciling items	(14)	(58)
Changes in operating assets and liabilities:
Trade accounts receivable	(5,413)	(5,332)
Inventories	(7,870)	7,233
Payments to related party	(15,000)	0
Prepaid expenses and other assets	15,515	35,965
Trade accounts payable	13,754	6,281
Due to and from related parties	(188)	(3,633)
Other changes in operating assets and liabilities, net	(25,859)	8,024
Net cash provided by operating activities	21,989	61,618
Cash flows from investing activities:
Purchases of property, plant and equipment	(8,017)	(10,600)
Net cash used in investing activities	(8,017)	(10,600)
Cash flow from financing activities:
Repayment of term loan	0	(35,000)
Finance lease payments	(237)	(202)
Payments for taxes related to net share settlement of equity awards	(17,757)	(8,988)
Net cash used in financing activities	(17,994)	(44,190)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(862)	1,444
Net (decrease) increase in cash and cash equivalents and restricted cash	(4,884)	8,272
Cash and cash equivalents and restricted cash at beginning of period	175,357	131,107
Cash and cash equivalents and restricted cash at end of period	$ 170,473	$ 139,379

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 26, 2026	Mar. 27, 2026
Current assets:
Cash and cash equivalents	$ 162,029	$ 168,753
Restricted cash	8,444	6,604
Trade accounts receivable, net	98,661	93,248
Accounts receivable - other	12,263	21,735
Inventories	188,064	181,752
Prepaid income taxes	714	1,179
Prepaid expenses and other current assets	26,620	30,335
Total current assets	508,045	503,606
Property, plant and equipment, net	304,336	308,258
Operating lease right-of-use assets, net	12,389	13,587
Deferred income tax assets	81,776	80,221
Goodwill	203,057	203,291
Intangible assets, net	232,855	238,675
Equity investment in related party	18,687	22,296
Other assets	32,067	31,241
Total assets	1,411,962	1,416,175
Current liabilities:
Trade accounts payable	57,826	44,438
Accrued expenses and other current liabilities	67,859	89,472
Current portion of operating lease liabilities	5,417	5,691
Current portion of long-term debt	1,499	1,530
Total current liabilities	137,208	145,925
Long-term debt	285,660	285,746
Operating lease liabilities, less current portion	11,431	12,945
Other long-term liabilities	11,701	15,114
Total liabilities	446,000	459,730
Commitments and contingencies (Note 10)
Stockholders' Equity:
Preferred stock, $0.01 par value; 20,000,000 shares authorized, no shares issued or outstanding	0	0
Common stock, $0.01 par value; 1,000,000,000 shares authorized, 186,322,415 shares issued and outstanding at June 26, 2026; 1,000,000,000 shares authorized, 185,357,343 issued and outstanding at March 27, 2026	1,863	1,854
Additional paid-in capital	1,046,867	1,050,582
Accumulated deficit	(52,617)	(68,488)
Accumulated other comprehensive loss	(31,837)	(29,201)
Equity attributable to Allegro MicroSystems, Inc.	964,276	954,747
Non-controlling interest	1,686	1,698
Total stockholders’ equity	965,962	956,445
Total liabilities, non-controlling interest and stockholders' equity	1,411,962	1,416,175
Related Party
Current assets:
Related party - other current assets	11,250	0
Related party - other assets	18,750	15,000
Current liabilities:
Amounts due to related party	$ 4,607	$ 4,794