Earnings ·
Allegro MicroSystems reported first quarter fiscal 2027 results ending June 26, 2026, with net sales increasing 27%…
ALGMAllegro Microsystems, Inc.
Allegro MicroSystems reported first quarter fiscal 2027 results ending June 26, 2026, with net sales increasing 27% year-over-year to $259.2 million. GAAP diluted earnings per share improved to $0.08 from a loss of $0.07 in the prior year period, while non-GAAP diluted EPS grew 156% to $0.23. Automotive sales rose 15% to $165.3 million and Industrial/Other sales surged 59% to $93.9 million, driven by data center applications which accounted for a record 17% of total revenue. The company provided second quarter fiscal 2027 guidance projecting net sales between $265 million and $275 million, with non-GAAP diluted EPS expected between $0.23 and $0.26. Allegro MicroSystems operates in the semiconductor industry, designing magnetic sensing and power integrated circuits for automotive, industrial, and data center applications.