Allegro MicroSystems posts Q2 revenue beat and raises Q3 sales outlook
Allegro MicroSystems reported second‑quarter fiscal 2027 net sales of $276.88 million, up 29.2% year over year and $6.01 million above analysts’ expectations. Non‑GAAP earnings per share were $0.26, beating the consensus by $0.02. The company said it expects third‑quarter net sales between $280 million and $290 million. Management also highlighted record data‑center sales and the seventh straight quarter of sequential sales growth.
Why it matters
The revenue beat and raised Q3 outlook suggest stronger demand in Allegro’s automotive, industrial and data‑center markets, which could support higher near‑term earnings. Investors will watch whether the company can achieve its target gross margin above 55% as it scales sales.
Key facts
- 1Q2 net sales were $276.88 million, $6.01 million above estimates. seekingalpha.com
- 2Q2 revenue grew 29.2% year over year. seekingalpha.com
- 3Non‑GAAP EPS for Q2 was $0.26, beating estimates by $0.02. seekingalpha.com
- 4The company projects Q3 net sales in the range of $280 million to $290 million. seekingalpha.com
- 5Data‑center sales reached a new quarterly record in Q2. tradingview.com
- 6This was the seventh consecutive quarter of sequential sales growth. tradingview.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.