The strong beat and raised guidance, particularly the accelerating data center revenue mix and expanding margins, confirm a powerful growth inflection. Traders should watch for continued momentum in data center and xEV/ADAS bookings, as the company's positioning at the intersection of AI, electrification, and automation supports a re-rating. The stock has historically shown strong positive drift after earnings beats (80% win rate at T+20).
Price Chart
Executive Summary
Allegro MicroSystems reported a strong fiscal Q1 2027 beat, with revenue of $259.2M (+27% YoY) and non-GAAP EPS of $0.23, exceeding consensus estimates of $251.7M and $0.21. The company also raised its Q2 guidance above consensus, with non-GAAP EPS guided to $0.23-$0.26 (midpoint $0.245, +88% YoY), driven by record data center sales (17% of total) and continued strength in xEV/ADAS. This marks the sixth consecutive quarter of sales growth and confirms the company's accelerating momentum in AI, electrification, and automation end markets.
Key Financial Metrics
Key Facts
- Fiscal Q1 2027 revenue of $259.2M (+27% YoY) beat consensus of $251.7M.
- Non-GAAP EPS of $0.23 beat consensus of $0.21 by 9.5%.
- Data center sales reached a record 17% of total revenue, up from 14% in Q4.
- Q2 FY2027 guidance: revenue $265M-$275M (midpoint +26% YoY), non-GAAP EPS $0.23-$0.26 (midpoint +88% YoY).
- GAAP gross margin expanded to 48.5% from 44.9% YoY; non-GAAP gross margin reached 51.1%.
- Non-GAAP operating margin improved to 19.4% from 11.1% YoY, demonstrating strong operating leverage.
- Industrial & Other segment grew 59% YoY, while Automotive grew 15% YoY.
- Adjusted EBITDA margin expanded to 23.9% from 16.4% YoY.
Financial Impact
Revenue beat by ~$7.5M (3%) and EPS beat by $0.02 (9.5%) vs consensus; Q2 guidance midpoint implies 26% revenue growth and 88% EPS growth YoY.
Risk Factors
- Semiconductor cyclicality and potential demand normalization in automotive end markets.
- Execution risk in sustaining data center growth trajectory and margin expansion.
- Geopolitical risks from manufacturing concentration in the Philippines and trade policy changes.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-324869 |
| Document: algm-20260730.htm | 0001193125-26-324869 |
| Document: 0001193125-26-324869-index-headers.html | 0001193125-26-324869 |
| Document: 0001193125-26-324869-index.html | 0001193125-26-324869 |
| Document: 0001193125-26-324869.txt | 0001193125-26-324869 |
| 8-K Data (Synthetic) | 0001193125-26-324869 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 18, 2026 6w ago | Insider Cluster | $39.39 $33.80 | ▼ −14.19% | ▼ −13.20% | $39.73 (+0.86%) |
Jul 30, 2026 9w ago | 8-K | $41.45 $37.59 | ▼ −9.31% | ▼ −13.28% | $39.73 (−4.15%) |
Jun 18, 2026 15w ago | 8-K | $59.00 $47.12 | ▼ −20.14% | ▼ −20.67% | $39.73 (−32.66%) |
Jun 11, 2026 16w ago | Institutional Cluster | $50.41 $54.87 | ▲ +8.86% | ▲ +7.08% | $39.73 (−21.18%) |
May 26, 2026 18w ago | Insider Cluster | $49.00 $60.16 | ▲ +22.78% | ▲ +24.68% | $39.73 (−18.92%) |
May 22, 2026 18w ago | Insider Cluster | $50.76 $55.32 | ▲ +8.98% | ▲ +10.93% | $39.73 (−21.73%) |
May 15, 2026 19w ago | Insider Cluster | $41.35 $53.29 | ▼ −28.88% | ▼ −27.29% | $39.73 (+3.92%) |
May 15, 2026 19w ago | Insider Cluster | $44.33 $59.00 | ▲ +33.09% | ▲ +32.35% | $39.73 (−10.38%) |
May 13, 2026 20w ago | 8-K | $44.97 $50.41 | ▲ +12.09% | ▲ +12.94% | $39.73 (−11.65%) |
May 13, 2026 20w ago | Press Release | $45.97 $47.96 | ▲ +4.33% | ▲ +4.94% | $39.73 (−13.57%) |
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