Allegro MicroSystems Inc.: Beat — EPS $0.26, Revenue $276.88M
Earnings BeatQ2 2027 · Pre-market
Did Allegro MicroSystems Inc. (ALGM) beat earnings today?
Yes, Allegro MicroSystems Inc. (ALGM) beat Wall Street analyst expectations for Q2 2027, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+8.33% surprise
$0.26Actual
Expected: $0.24
vs. year ago +100.0%
Total Revenue+2.22% surprise
$276.88MActual
Expected: $270.87M
vs. year ago +29.0%
Released Oct 29 · 7:00 AM ET
Earning Report
| Metric | Q2 FY27 | Q2 FY26 | YoY Change % |
|---|---|---|---|
| Revenue | $276.88M | $214.29M | +29.0% |
| Revenue detail — reported lines | |||
| └─Automotive | $172.49M | $155.84M | +11.0% |
| └─Industrial and Other | $104.39M | $58.45M | +79.0% |
| GAAP Basic EPS | $0.12 | $0.04 | +200.0% |
| GAAP Diluted EPS | $0.12 | $0.03 | +300.0% |
| Non-GAAP Basic EPS | $0.26 | $0.13 | +100.0% |
| Non-GAAP Diluted EPS | $0.26 | $0.13 | +100.0% |
| Net Income | $23.32M | $6.58M | +254.2% |
Financial Outlook / Guidance
| Metric | Q3 FY27 Outlook | Full Year Outlook |
|---|---|---|
| Total net sales | $278M-$288M (+23% YoY) | — |
| Gross Margin | 51.5%-52.5% | — |
| Operating expenses | $87M ±$1M | — |
| Diluted Earnings per Share | $0.25-$0.29 (+80% YoY) | — |
Business Highlights
- ➤Data center established a new record.
- ➤Delivered highest quarterly design-win performance since the 2020 IPO.
- ➤Quarterly design wins increased nearly 40% year-over-year.
- ➤Bookings increased for the eighth consecutive quarter.
- ➤Expanded content across target Automotive and Industrial markets.
- ➤Made a voluntary $25M debt repayment on September 30, 2026.
- ➤Solutions support electrification, automation, AI data center, and robotics.
Management Commentary
Mike Doogue, President and CEO
“We saw continued strong momentum in our fiscal second quarter, delivering our seventh consecutive quarter of sequential sales growth. Sales were $277 million, representing a 29% increase year-over-year. GAAP earnings per share quadrupled from $0.03 per share in the fiscal second quarter of 2026 to $0.12. Non-GAAP EPS grew to $0.26, doubling over the second quarter of fiscal 2026. Broad year-over-year sales growth in Automotive and Industrial end markets drove this strong performance, led by data center, which established a new record.”
Mike Doogue, President and CEO
“Our forward demand signals strengthened significantly this quarter. We delivered our highest quarterly design-win performance since our 2020 IPO—up nearly 40% year-over-year—and bookings increased for the eighth consecutive quarter. With record design wins, a robust backlog, and expanding content across our target Automotive and Industrial markets, the leading indicators across our business give us high confidence in our path to exceed our target model of mid-teens annual sales growth.”
Derek D’Antilio, Executive Vice President and CFO
“During the quarter, we also continued to execute on our strategic priorities of expanding profitability and generating strong cash flow. On September 30, 2026, following the close of the second quarter, we made another $25 million voluntary debt repayment, underscoring the strength of our balance sheet and our confidence in Allegro’s anticipated free cash flow generation.”