Allegro MicroSystems Q1 FY2027: Sales surge 27% to $259M, swing to profit, and CEO plus insiders adopt 10b5-1 plans
ALGM sits 89% above its 52-week low of $22.41 on elevated volume (2.0× avg).
Summary
Allegro MicroSystems posted Q1 FY2027 sales up 27% to $259M and a return to profitability, while disclosing that the CEO and three other insiders adopted 10b5-1 trading plans for future stock sales.
Key Events · Earnings and Guidance · ALGM
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Q1 Revenue Jumps 27%
Driven by strength in automotive and industrial markets, particularly data center applications, net sales reached $259.2 million, up from $203.4 million a year ago.
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Swings to Profitability
Net income attributable to Allegro was $15.9 million ($0.08 diluted EPS) versus a loss of $13.2 million in the prior-year quarter, with gross margin expanding to 48.5% from 44.9%.
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CEO Adopts 10b5-1 Plan
On June 11, 2026, CEO Michael Doogue's trust adopted a Rule 10b5-1 trading plan covering up to 75,000 shares, with a termination date of June 11, 2028.
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Other Insiders Adopt Trading Plans
Three other senior officers—Erin Hagen (SVP, CHRO), Jennie Raubacher (Director), and Sharon Briansky (SVP, General Counsel)—adopted 10b5-1 plans in May 2026 for up to 6,250, 4,000, and 19,895 shares, respectively.
Analysis · ALGM · Manufacturing
A sharp 27% year-over-year revenue jump to $259.2 million and a swing to a $15.9 million net profit from a $13.2 million loss a year ago highlight Allegro MicroSystems' strong fiscal Q1. Gross margin expanded to 48.5%, fueled by higher sales and a favorable product mix, beating expectations and reinforcing the growth story in automotive and industrial markets. At the same time, the filing reveals that CEO Michael Doogue and three other senior insiders adopted 10b5-1 trading plans in May and June 2026, signaling planned stock sales. While these pre-arranged plans do not indicate immediate selling, the CEO's plan covers up to 75,000 shares, which could create an overhang. The mix of robust earnings and insider selling plans makes this a notable update for investors.
At the time of this filing, ALGM was trading at $42.37 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $7.7B. The 52-week trading range was $22.41 to $71.77. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.