Allegro MicroSystems Q1 Sales Jump 27% to $259M, Guides Q2 Above Street

summarizeSummary

Allegro MicroSystems reported Q1 FY2027 results with sales up 27% YoY to $259M and non-GAAP EPS of $0.23, beating expectations. Q2 guidance calls for continued strong growth, with sales of $265–$275M and non-GAAP EPS of $0.23–$0.26.

check_boxKey Events · Earnings and Guidance · ALGM

• Q1 Sales Surge 27% to $259M

  Net sales reached $259.2 million, a 27% increase year-over-year, driven by record data center revenue (17% of total) and strong automotive demand.

• Non-GAAP EPS More Than Doubles

  Non-GAAP diluted EPS rose to $0.23 from $0.09 a year ago, while GAAP EPS swung to a profit of $0.08 from a loss of $0.07.

• Q2 Guidance Implies 26% Sales Growth

  Management expects Q2 net sales of $265–$275 million and non-GAAP EPS of $0.23–$0.26, with the midpoint implying 26% year-over-year sales growth and an 88% EPS increase.

• Data Center Revenue Hits Record

  Data center sales reached a record 17% of total revenue, reflecting Allegro's growing exposure to AI infrastructure buildouts.

auto_awesomeAnalysis · ALGM · Manufacturing

A strong fiscal first quarter saw sales climb 27% year-over-year to $259 million, while non-GAAP EPS more than doubled to $0.23. The outperformance was fueled by record data center revenue—now 17% of total sales—and sustained momentum in automotive electrification and ADAS. For the second quarter, management guided to sales of $265–$275 million and non-GAAP EPS of $0.23–$0.26, implying 26% top-line growth and an 88% EPS increase at the midpoint. These results and the outlook reinforce the company's position at the intersection of AI, electrification, and automation megatrends, and mark a sixth consecutive quarter of sales growth.