• Allegro MicroSystems average operating margin for 2023 was 23.55%, a 37.56% decline from 2022.
• Allegro MicroSystems average operating margin for 2022 was 17.12%, a 101.41% increase from 2021.
• Allegro MicroSystems average operating margin for 2021 was 8.5%, a 22.48% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.