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Semiconductors · Technology · Fiscal year ends Mar 31
Allegro Microsystems reported revenue of $890M in the fiscal year ended Mar 2026, up 22.8% from the year before. Operating income was $18M, an operating margin of 2.1%, and net income was −$15M. Operating cash flow of $163M less capital expenditure of $38M left free cash flow of $125M. Net debt was $119M.
Ranks among the 51 semiconductors companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 769 | 974 | 1,049 | 725 | 890 |
| Cost of revenue | 287 | 348 | 472 | 403 | 478 |
| Gross profit | 407 | 546 | 575 | 322 | 412 |
| Research & development | 122 | 151 | 177 | 180 | 206 |
| Selling, general & admin | 149 | 192 | 188 | 162 | 181 |
| Operating income | 137 | 203 | 196 | −19.8 | 18.5 |
| Interest expense | 2.5 | 2.3 | 10.8 | 30.4 | 22.1 |
| Pre-tax income | 141 | 211 | 195 | −85.7 | −14.9 |
| Income tax | 21.2 | 23.9 | 41.9 | −12.9 | −0.2 |
| Net income | 119 | 187 | 153 | −73.0 | −14.9 |
| Diluted EPS | 0.62 | 0.97 | 0.78 | −0.39 | −0.08 |
| Diluted shares | 192 | 194 | 195 | 188 | 185 |
| Fiscal year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | 282 | 352 | 212 | 121 | 169 |
| Receivables | 87.4 | 111 | 119 | 84.6 | 93.2 |
| Inventory | 86.2 | 151 | 162 | 184 | 182 |
| Current assets | 512 | 666 | 572 | 483 | 504 |
| Net PP&E | 210 | 263 | 321 | 303 | 308 |
| Goodwill | 20.0 | 27.7 | 202 | 202 | 203 |
| Total assets | 893 | 1,181 | 1,531 | 1,421 | 1,416 |
| Payables | 29.8 | 56.3 | 36.0 | 38.7 | 44.4 |
| Deferred revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Current liabilities | 104 | 165 | 118 | 112 | 146 |
| Short-term debt | 0.0 | – | 3.9 | 1.4 | 1.5 |
| Long-term debt | 25.0 | 25.0 | 250 | 345 | 286 |
| Total liabilities | 157 | 214 | 399 | 490 | 460 |
| Shareholders' equity | 734 | 966 | 1,130 | 930 | 955 |
| Fiscal year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating cash flow | 156 | 193 | 182 | 61.9 | 163 |
| Capital expenditure | 69.9 | 79.8 | 125 | 40.0 | 38.2 |
| Free cash flow | 86.2 | 113 | 56.9 | 22.0 | 125 |
| Depreciation & amortisation | 48.5 | 50.8 | 71.4 | 64.5 | 67.6 |
| Stock-based compensation | 33.5 | 61.8 | 42.5 | 41.9 | 47.9 |
| Acquisitions | 14.5 | 19.9 | 408 | −0.3 | 0.0 |
| Share buybacks | – | 0.0 | 0.0 | 854 | 0.0 |
| Dividends paid | 0.0 | 0.0 | – | – | – |
| Fiscal year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 26.7% | 7.8% | −30.9% | 22.8% |
| Operating income growth (YoY) | – | 48.8% | −3.5% | −110.1% | – |
| EPS growth (YoY) | – | 56.5% | −19.6% | −150.0% | – |
| Gross margin | 53.0% | 56.1% | 54.8% | 44.3% | 46.3% |
| Operating margin | 17.8% | 20.9% | 18.7% | −2.7% | 2.1% |
| Net margin | 15.5% | 19.2% | 14.6% | −10.1% | −1.7% |
| Return on equityBlank when equity is negative | 16.3% | 19.4% | 13.5% | −7.9% | −1.6% |
| ROCEEBIT ÷ (assets − current liabilities) | 17.3% | 20.0% | 13.9% | −1.5% | 1.5% |
| Free cash flow margin | 11.2% | 11.7% | 5.4% | 3.0% | 14.0% |
| Cash conversion (CFO ÷ net income) | 1.31x | 1.03x | 1.19x | −0.85x | −10.9x |
| Receivable days | 41 | 42 | 41 | 43 | 38 |
| Inventory days | 110 | 159 | 126 | 166 | 139 |
| Payable days | 38 | 59 | 28 | 35 | 34 |
| Interest cover | 54.7x | 87.0x | 18.2x | −0.65x | 0.84x |
| Debt ÷ equity | 0.03x | 0.03x | 0.22x | 0.37x | 0.30x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −257 | −327 | 41.4 | 225 | 119 |
| Current ratio | 4.91x | 4.03x | 4.85x | 4.30x | 3.45x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.