Allegro Microsystems Inc. has reported its financial results for the fiscal year ending March 28, 2025. The company experienced a notable decrease in total net sales, generating $725.0 million, compared to $1,049.4 million in the previous fiscal year. This represents a significant decline in sales performance year-over-year. The company reported a net loss of $72.8 million for fiscal year 2025, a stark contrast to the net income of $152.9 million reported for the previous fiscal year. This shift highlights a considerable downturn in profitability for Allegro Microsystems Inc. Recent initiatives aimed at improving the company's results of operations have been implemented during fiscal years 2024 and 2025. These efforts include cost structure improvements, streamlining manufacturing and support processes, and better utilization of excess capacity. The company aims to leverage higher volumes to increase the absorption of fixed costs as demand increases across various applications.
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