Allegro MicroSystems, Inc. (NASDAQ:ALGM) Q1 2023 Earnings Conference Call July 28, 2022 8:30 AM ET

Company Participants

Leanne Sievers - President, Shelton Group Investor Relations

Vineet Nargolwala - President & Chief Executive Officer

Derek D'Antilio - Chief Financial Officer

Conference Call Participants

Gary Mobley - Wells Fargo

Alessandra Vecchi - William Blair

Joshua Buchalter - Cowen

Blayne Curtis - Barclays

Vijay Rakesh - Mizuho Group

Srini Pajjuri - SMBC

Trevor Janoskie - Needham & Company

Operator

Good day and thank you for standing by. Welcome to the Allegro MicroSystems Q1 Fiscal 2023 Financial Results Conference Call. At this time, all participants are in a listen-only mode. After speaker’s presentation, there’ll be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

And I would now like to hand the conference over to your speaker today, Ms. Leanne Sievers, President of Shelton Group Investor Relations. Ms. Sievers please go ahead.

Leanne Sievers

Good morning, and thank you for joining us today for Allegro's first quarter fiscal 2023 results. I'm joined today by Allegro's, President and Chief Executive Officer, Vineet Nargolwala; and Chief Financial Officer, Derek D'Antilio. They will provide highlights of our business, review our quarterly financial performance, and provide a summary of our outlook. After the presentation, we will answer questions in a Q&A session.

Our earnings release and the accompanying financial tables are available on the Investor Relations page of our website at www.allegromicro.com. This call is being webcasted and a recording will be available on our IR page shortly.

Please note that comments other than statements of historical facts made during this call include forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These forward-looking statements include projections and other statements about future events that are based on current expectations and assumptions and as a result are subject to risks and uncertainties that could cause actual results to vary materially from our anticipations and projections.

Please refer to the earnings release issued today and other documents filed by us with the SEC, including the risk factors discussed in detail in our most recent 10-K filed on May 18, 2022. While we may elect to update forward-looking statements at some point in the future, the company assumes no obligation to update any forward-looking information presented even if our estimates or assumptions change.

Also unless otherwise noted during the call, all references to income statement related financial measures other than revenue will be to financial measures not prepared in accordance with generally accepted accounting principles or GAAP. Please refer to our press release posted to our website for information regarding our non-GAAP financial results, a reconciliation of our GAAP and non-GAAP financial measures and certain pro forma financial information. The non-GAAP financial measures that are discussed today are not intended to replace or be a substitute for the presentation of Allegro's GAAP financial results and may be calculated differently than similar measures used by other companies. We are providing this information because it may enable investors to make meaningful comparisons of core operating results and more clearly highlight the results of our ongoing operations.