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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 27, 2024
Dec. 29, 2023
Dec. 27, 2024
Dec. 29, 2023
Net sales $ 177,872 $ 254,984 $ 532,182 $ 808,786
Cost of goods sold 96,657 121,156 290,534 354,561
Cost of goods sold to related party 0 0 0 2,944
Gross profit 81,215 133,828 241,648 451,281
Operating expenses:        
Research and development 43,317 44,396 132,031 130,799
Selling, general and administrative 37,939 52,746 116,221 140,135
Total operating expenses 81,256 97,142 248,252 270,934
Operating income (loss) (41) 36,686 (6,604) 180,347
Other (expense) income:        
Interest expense (7,762) (3,854) (23,492) (5,381)
Interest income 388 857 1,302 2,550
Loss on change in fair value of forward repurchase contract 0 0 (34,752) 0
Other (expense) income, net (187) 2,682 (3,712) 30
(Loss) income before income taxes (7,602) 36,371 (67,258) 177,546
Income tax (benefit) provision (803) 2,969 (9,233) 17,584
Net (loss) income (6,799) 33,402 (58,025) 159,962
Net income attributable to non-controlling interests 61 57 185 150
Net (loss) income attributable to Allegro MicroSystems, Inc. $ (6,860) $ 33,345 $ (58,210) $ 159,812
Net (loss) income per common share attributable to Allegro MicroSystems, Inc.:        
Basic (in dollars per share) $ (0.04) $ 0.17 $ (0.31) $ 0.83
Diluted (in dollars per share) $ (0.04) $ 0.17 $ (0.31) $ 0.82
Weighted average shares outstanding:        
Basic (in shares) 184,011,189 192,724,541 188,886,583 192,384,315
Diluted (in shares) 184,011,189 194,570,380 188,886,583 194,925,040
Non-Related Party Revenue        
Net sales $ 177,872 $ 254,984 $ 532,182 $ 802,625
Related Party Revenue        
Net sales $ 0 $ 0 $ 0 $ 6,161