Recap: Allegro Microsystems Q2 Earnings

Allegro Microsystems ALGM reported its Q2 earnings results on Thursday, October 27, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

Earnings

Allegro Microsystems beat estimated earnings by 19.23%, reporting an EPS of $0.31 versus an estimate of $0.26.

Revenue was up $44.06 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02 which was followed by a 2.39% increase in the share price the next day.

Here's a look at Allegro Microsystems's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.22 0.21 0.18 0.18
EPS Actual 0.24 0.21 0.19 0.20
Revenue Estimate 207.61M 195.15M 182.73M 186.84M
Revenue Actual 217.75M 200.29M 186.63M 193.61M

To track all earnings releases for Allegro Microsystems visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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