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No Surprises In Allegro MicroSystems's (NASDAQ:ALGM) Q2 Sales Numbers But Quarterly Guidance Underwhelms

Chip designer Allegro MicroSystems (NASDAQ:ALGM) reported results in line with analysts' expectations in Q2 FY2024, with revenue up 15.9% year on year to $275.5 million. However, next quarter's revenue guidance of $255 million was less impressive, coming in 5.18% below analysts' estimates. Turning to EPS, Allegro MicroSystems made a GAAP profit of $0.34 per share, improving from its profit of $0.26 per share in the same quarter last year.
Vineet Nargolwala Allegro Microsystems Cash Flow Days Outstanding Wall Street Inventory Outstanding
Source: yahoo.com

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