Allegro MicroSystems Reports Second Quarter 2027 Results
Globe Newswire•29/10/2026•07:00 ET
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Key Highlights
- ➤Q2 sales $276.884 million, up 29% year-over-year
- ➤GAAP diluted EPS $0.12, quadrupling year-over-year
- ➤Non-GAAP diluted EPS $0.26, doubling year-over-year
- ➤Q3 sales outlook $278 million-$288 million, midpoint implies 23% growth
- ➤Design-win performance rose nearly 40% year-over-year to a post-IPO record
Expert Statements
Mike Doogue, President and CEO of Allegro MicroSystems
“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 of Allegro MicroSystems
“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 of Allegro MicroSystems
“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.”
Second Quarter Sales Increased by 29% Year-over-Year to $277 Million Record Industrial & Other and Data Center Sales GAAP EPS Quadrupled and Non-GAAP EPS Doubled Year-over-Year
MANCHESTER, N.H., Oct. 29, 2026 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro” or the “Company”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy efficient systems, today announced financial results for its second quarter ended September 25, 2026.
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