Slide 1: 2QFY26 Investor Presentation
OCTOBER 30, 2025 2QFY26 Investor Presentation
Slide 2: Forward-looking statements
Forward-looking statements This presentation and the accompanying oral remarks contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward- looking sta
Slide 3: Financial & Business Update
Financial & Business Update Company Overview Appendix ALLEGRO’S VALUES
Slide 4: 2QFY26 Financial and Business Highlights
2QFY26 Financial and Business Highlights 2QFY26 Non-GAAP Financial Highlights Business Highlights Guidance1,2 Actual3 ▪ Net sales increased 14% year-over-year Net Sales $205M - $215M $214 ▪ Auto sales increased 12% year-over-year, led by e-Mobility Gross Margin % 48% - 50% 49.6% which grew 21% year-
Slide 5: Industry's First 10 MHz TMR Current Sensor
NEW PRODUCT INTRODUCTIONS Industry’s First 10 MHz TMR Current Sensor ▪ Disruptive, innovative IC that extends our competitive advantage in Magnetic Sensors ▪ Highest bandwidth current sensor on the market for Data Center, Clean Energy, and xEV ▪ Ultra-fast sensors help reduce the size of inductors a
Slide 6: 3QFY26 Financial Guidance
3QFY26 Financial Guidance Midpoint of Sales Guidance Implies 24% Year-Over-Year Growth Non-GAAP Guidance1,2 Sales $215M - $225M Gross Margin % 49% - 51% EPS $0.12 - $0.16 1. The October 30, 2025 guidance for 3QFY26 included in this presentation has not been updated, and inclusion of the guidance sho
Slide 7: Company Overview
Financial & Business Update Company Overview Appendix ALLEGRO’S VALUES
Slide 8: Why Allegro?
Why Allegro? ▪ Market leader in magnetic sensing and deep expertise in targeted power ICs enabling electrification and autonomy ▪ 30+ years of focused automotive semiconductor expertise ▪ Levered to key semiconductor growth megatrends of electrification and autonomy ▪ Positioned for long-term growth
Slide 9: Allegro's Strategic Priorities
Drive relentless Extend our Advance the rollout innovation to leadership in the of our highly strengthen our Magnetic differentiated competitive Sensing Market XtremeSenseTM TMR advantages in and Select Power and High Voltage Allegro’s Automotive & Industrial Markets Applications Isolated Gate Drive
Slide 10: Allegro at a Glance
Allegro at a Glance MARKET LEADING TECHNOLOGY Our Mission & PORTFOLIO To be the leader in global semiconductor Power technology with sensing and power Magnetic Sales by 38% solutions that drive e-Mobility, clean Sensing Product1 62% energy and automation forward. ALIGNED TO HIGH GROWTH MARKETS & >30
Slide 11: Differentiated Sensing and Power Technology
Sense Differentiated Sensing and Power Technology Core Value: “Innovation with Purpose” Sensor ICs A combination of precision, reliability and innovation in sensing cater to the growing need for energy-efficient products #1 Market Leader in Deep Expertise in Targeted Current Sensors Position Sensors
Slide 12: Uniquely Focused on Serving Automotive and Select Industrial Markets
Uniquely Focused on Serving Automotive and Select Industrial Markets Levered to Key Semiconductor Growth Megatrends of Electrification and Autonomy Allegro's Large and Growing SAM $12bn SAM1, +9% CAGR2 Automotive Industrial & Other $8bn SAM,1 7% CAGR2 $4bn SAM1, 12% CAGR2 xEV Conventional Powertrain
Slide 13: Sensor & Power ICs Enabling Electrification and Autonomy
Allegro’s Sensor & Power ICs are Enabling Electrification and Autonomy in Automotive and Select Industrial Markets Magnetic Sensor ICs Power ICs SENSE REGULATE & DRIVE Current Position Speed Regulators Motor Gate Drivers xEV Powertrain ◉ ◉ ◉ ◉ ◉ ◉ AUTO ADAS ◉ ◉ ◉ ◉ ◉ ◉ Safety, Comfort and Convenienc
Slide 14: Automotive
Automotive More Than Three Decades of Focused Automotive Semiconductor Expertise
Slide 15: Focused Auto Supplier with Broad Exposure
Focused Auto Supplier with Broad Exposure Our Zero-defect Culture and Innovative Solutions Boost Efficiency in Powertrain, Safety and Comfort xEV Advanced Driver Assistance Safety, Comfort & Conventional Powertrain Systems (ADAS) Convenience (SCC) Powertrain (ICE) Design compact, efficient and safe
Slide 16: Expanding Auto Production and Content Per Vehicle
Expanding Auto Production and Content Per Vehicle Drive Double-digit Growth in Auto Semiconductor Addressable Market Auto production presents a large Electrification and ADAS feature Auto semiconductors is projected and growing opportunity adoption are expected to drive to be the fastest growing end
Slide 17: xEV and ADAS Growth Projected to Drive $8B SAM Opportunity
xEV and ADAS Growth Projected to Drive $8B SAM Opportunity Allegro Wins as Cars Electrify and Adopt Advanced Driver Assistance Systems (ADAS) Growing xEV1 Unit Forecast 2030 Estimated Content Automotive SAM3 xEV Unit Forecast2 52 Opportunity per Vehicle3 Other Auto M Units SCC +22% CAGR6 +65% 21% 32
Slide 18: 30+ Years of Focused Automotive Semiconductor Expertise
30+ Years of Focused Automotive Semiconductor Expertise Charge faster. Drive farther. Get there safely. Auto Pedigree Sustainable Advantages Customer Benefits ▪ 30+ Years of Automotive Expertise Integrated packaging leadership delivers Charge faster with 2x the power density serving leading global a
Slide 19: Well-positioned to Support True 48V Transition
Well-positioned to Support True 48V Unlock the Potential of 48V Systems DESIGNED ON A ROBUST 120V SILICON PROCESS Transition Enhances power delivery using less current and is ideal for battery electric vehicles, clean energy, cloud infrastructure and automation. 48V REGULATORS, SENSORS AND DRIVERS O
Slide 20: Industrial & Other
Industrial & Other Leveraging Automotive Grade Technology & Expertise
Slide 21: Industrial & Other Provides an Incremental $4B SAM
Industrial & Other Provides an Incremental $4B SAM Leveraging Automotive Grade Technology & Expertise Broad-based & Other $1.1B +7%2 CAGR Clean Energy Medical +10%2 CAGR +10%3 CAGR Strategic Focus $0.7B SAM1 Clean Energy $4.1B 1 Medical $0.3B SAM1 Areas $3.0B +12% +15%2 CAGR CAGR 2024-2030 Data Robo
Slide 22: Driving the Next Wave of AI & Cloud Innovation
Driving the Next Wave of AI & Cloud Innovation Rapid server cooling backed by reliable, energy efficient power infrastructure Tailored for Data Center, our Allegro’s Content Opportunity Allegro Solutions Deliver Energy Solutions Efficiently Manage Power Scales Directly with AI Workload Efficiency an
Slide 23: Defining Robotic Precision & Power with TMR and >100V Leadership
Defining Robotic Precision & Power with TMR and >100V Leadership Unlocking the Humanoid & Automation Frontier with Unmatched Sensing Finesse and High-Voltage Muscle Robotics Market is Reaching an Allegro’s Motion Control and Delivering the Precision, Efficiency, and Inflection Point with Greater Ado
Slide 24: Leading-edge Technology Offers Significant SAM and Differentiated Products
Leading-edge Technology Offers Significant SAM, Differentiated Products and Revenue Growth Isolated Gate Driver XtremeSense Tunneling Magnetoresistance $2.7B SAM1 (TMR) $1.0B SAM2 Hall AMR GMR TMR Effect Accuracy Speed (GaN / SiC) Low Power ▪ Designed to power and control SiC and GaN power ▪ Unmatch
Slide 25: Allegro's Highly Attractive Business Profile
Allegro’s Highly Attractive Business Profile Levered to key semiconductor growth megatrends of ✓ electrification and autonomy Well-balanced geographical distribution with highly ✓ diversified customer base ✓ Fabless business model enables scale, agility and resilience ✓ Positioned for long-term grow
Slide 26: Well-balanced Geographical Distribution With Diversified Customer Base
Well-balanced Geographical Distribution With Highly Diversified Customer Base Sales by Geography1 Channel Mix1 Rest of Asia Americas 24% 16% Europe Direct 14% 49% Distribution 51% China 28% Japan 18% ▪ Well-balanced geographical sales ▪ Strong relationships with auto OEMs built over decades and are
Slide 27: Fabless Business Model
Fabless Business Model Enables Scale, Agility and Resilience Throughout Business Cycles • Recent investments pave the way for scale, operating leverage, and EPS growth • Leveraging partners for supply chain resilience and localization S U P P O R T I N G M U LT I P L E S U P P LY C H A I N L A N E S
Slide 28: Positioned for Long-term Growth and Margin Expansion
Positioned for Long-term Growth and Margin Expansion Long-Term Target Model1 Low double- Focus on fast growing markets and content expansion Sales growth digit • Auto: Auto Production4 % + 7-10%5 CAGR Y-o-Y growth • Industrial & Other: Broad Industrial Semi4 % + 5–10%5 CAGR Expansion through product
Slide 29: Drive Sustainable Double-Digit Sales Growth and Margin Expansion
Drive Sustainable Double-Digit Sales Growth and Margin Expansion Drivers Enabling Double-Digit Sales Growth Key Cost Actions Driving Margin Expansion ✓ Continued focus on fast-growing markets and content expansion in e-Mobility and strategic Industrial ✓ Benefit from operating leverage driven by vol
Slide 30: Investment and Capital Allocation Strategy
Investment and Capital Allocation Strategy1 • Drive innovation to enhance technology leadership Investment • Expand sales and partner network to enhance customer in Organic intimacy Growth • ROIC-based investment decisions • Accelerate growth in our Strategic Focus Areas Focused • Complementary to o
Slide 31: Summary of Allegro's Share Repurchase From Sanken Electric
Summary of Allegro’s Share Repurchase From Sanken Electric and Benefits to Allegro Shareholders Sanken had a capital need in 2024 and Benefits to Allegro Shareholders monetized a portion of their Allegro shares to ▪ Allegro increased its free float by ~30% while simultaneously retiring 10M shares or
Slide 32: Appendix
Financial & Business Update Company Overview Appendix ALLEGRO’S VALUES
Slide 33: GAAP to Non-GAAP Gross Profit and Gross Margin Reconciliations
GAAP to Non-GAAP Fiscal Qtr ended Fiscal Qtr ended Fiscal Qtr ended Fiscal Qtr ended Fiscal Year ended Gross Profit and Gross ($ in millions) June 28, September 27, December 27, March 28, March 28, 2024 2024 2024 2025 2025 Margin Reconciliations1 (F1Q’25) (F2Q’25) (F3Q’25) (F4Q’25) (FY 2025) Total N
Slide 34: GAAP to Non-GAAP Operating Income and Operating Margin
GAAP to Non-GAAP Operating Income and Fiscal Qtr Fiscal Qtr Fiscal Qtr Fiscal Qtr Fiscal Year ended ended ended ended ended Operating Margin ($ in millions) June 28, September 27, December 27, March 28, March 28, Reconciliations1 2024 (F1Q’25) 2024 (F2Q’25) 2024 (F3Q’25) 2025 (F4Q’25) 2025 (FY 2025)
Slide 35: GAAP to Non-GAAP Earnings Per Share Reconciliations
GAAP to Non-GAAP Fiscal Qtr Fiscal Qtr Fiscal Qtr Fiscal Qtr Fiscal Year Earnings Per Share (in millions, except per share) ended June 28, ended September 27, ended December 27, ended March 28, ended March 28, Reconciliations1 2024 (F1Q’25) 2024 (F2Q’25) 2024 (F3Q’25) 2025 (F4Q’25) 2025 (FY 2025) GA
Slide 36: GAAP to Non-GAAP Free Cash Flow Reconciliations
GAAP to Non-GAAP Fiscal Qtr Fiscal Year Fiscal Qtr Fiscal Qtr Fiscal Year ended ended ended ended ended Free Cash Flow ($ in millions) June 28, September 27, December 27, March 28, March 28, 2024 2024 2024 2025 2025 Reconciliations1 (F1Q’25) (F2’Q25) (F3’Q25) (F4’Q25) (FY 2025) GAAP Operating Cash F
Slide 37: GAAP to Non-GAAP Gross Profit and Gross Margin Reconciliation
GAAP to Non-GAAP Fiscal Qtr Fiscal Qtr Fiscal Qtr Fiscal Qtr ended ended ended ended TTM Ended Gross Profit and Gross ($ in millions) December 27, March 28, June 27, September 26, September 26, Margin Reconciliation1 2024 (F3Q’25) 2025 (F4Q’25) 2025 (F1Q’26) 2025 (F2Q’26) 2025 Total N et Sales $177.
Slide 38: GAAP to Non-GAAP Operating Income and Operating Margin
GAAP to Non-GAAP Operating Income and Fiscal Qtr ended Fiscal Qtr ended Fiscal Qtr ended Fiscal Qtr ended TTM Ended Operating Margin ($ in millions) December 27, March 28, June 27, September 26, September 26, 2025 2024 2025 2025 2025 Reconciliation1 (F3Q’25) (F4Q’25) (F1Q’26) (F2Q’26) GAAP Operating
Slide 39: GAAP to Non-GAAP Earnings per Share Reconciliations
GAAP to Non-GAAP Earnings per Share Fiscal Qtr Fiscal Qtr Fiscal Qtr Fiscal Qtr TTM Ended (in millions, except per ended ended ended ended Reconciliations1 December 27, March 28, June 27, September 26, September 26, 2025 share) 2024 2025 2025 2025 (F3Q’25) (F4Q’25) (F1Q’26) (F2Q’26) GAAP Net (Loss)
Slide 40: GAAP to Non-GAAP Free Cash Flow Reconciliations
GAAP to Non-GAAP Fiscal Qtr Fiscal Qtr ended ended Free Cash Flow ($ in millions) June 27, September 26, 2025 2025 Reconciliations1 (F1Q’26) (F2Q’26) GAAP Operating Cash Flow $61.6 $20.4 GAAP Operating Cash Flow (% of net sales) 30.3% 9.5% Purchases of property, plant and equipment (10.6) (6.4) Non-
Slide 41: Supplemental Schedule of Total Net Sales by Application
Supplemental Schedule of Total Net Sales by Application
Slide 42: Net Sales by Application
Net Sales by Fiscal Qtr Fiscal Qtr ended Fiscal Qtr ended Fiscal Qtr ended ended Application* ($ in thousands) June 28, September 27, 2024 December 27, 2024 March 28, 2024 2025 (F2Q’25) (F3Q’25) (F1Q’25) (F4Q’25) Automotive $127,394 $139,680 $128,637 $139,494 Industrial and Other 39,525 47,711 49,23
Slide 43: Allegro's History and Relationship with Sanken
Allegro’s History and Relationship with Sanken 43
Slide 44: Allegro's History and Relationship with Sanken
Allegro’s History and Relationship with Sanken History 1990 2020 Operations Sanken Electric has been Sanken acquired the Allegro went public on Allegro is an independent publicly a good owner of Allegro semiconductor division the Nasdaq exchange traded company MicroSystems shares for of Sprague Elec
Slide 45: Thank You
Thank You. View product information, datasheets, technical information, order samples and evaluation boards at allegromicro.com