The seventh consecutive quarter of sequential sales growth, record design wins (up nearly 40% YoY), and expanding margins support the company's mid-teens annual sales growth target. Watch Q3 results for continued momentum in data center and Industrial & Other segments, which are driving the acceleration.
Price Chart
Executive Summary
Allegro MicroSystems reported fiscal Q2 2027 revenue of $276.9M (+29% YoY) and non-GAAP EPS of $0.26, beating consensus estimates of $270.9M and $0.24. Guidance for Q3 revenue of $278M-$288M and non-GAAP EPS of $0.25-$0.29 implies continued strong growth, with the midpoint of the EPS range above consensus.
Key Financial Metrics
Key Facts
- Q2 2027 revenue $276.9M, up 29% YoY from $214.3M, beating consensus of $270.9M
- Non-GAAP EPS $0.26, up 100% YoY from $0.13, beating consensus of $0.24
- GAAP EPS $0.12, up from $0.03 YoY
- Automotive revenue $172.5M, up 11% YoY; Industrial & Other revenue $104.4M, up 79% YoY
- Record Industrial & Other and data center sales
- Q3 2027 guidance: revenue $278M-$288M (midpoint $283M, +23% YoY), non-GAAP EPS $0.25-$0.29 (midpoint $0.27, +80% YoY)
- Non-GAAP gross margin expanded to 51.5% from 49.6% YoY
- Non-GAAP operating margin improved to 20.6% from 13.9% YoY
- Adjusted EBITDA margin 25.0%, up from 19.0% YoY
- Operating cash flow $36.8M, up from $20.4M YoY; non-GAAP free cash flow $30.5M
- Made $25M voluntary debt repayment on Sept 30, 2026
Financial Impact
Revenue beat consensus by $6.0M (2.2%), non-GAAP EPS beat by $0.02 (8.3%). Q3 guidance midpoint implies 23% YoY revenue growth and 80% YoY non-GAAP EPS growth.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Automotive | $172.5M | +11.0% |
| Industrial and Other | $104.4M | +79.0% |
Risk Factors
- Semiconductor cyclicality and automotive market dependence (62% of sales)
- Concentration risk from reliance on third-party wafer fabrication facilities
- Geopolitical risks from manufacturing operations in the Philippines
- Potential for customer inventory corrections
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-436963 |
| Document: algm-20261029.htm | 0001193125-26-436963 |
| Document: 0001193125-26-436963-index-headers.html | 0001193125-26-436963 |
| Document: 0001193125-26-436963-index.html | 0001193125-26-436963 |
| Document: 0001193125-26-436963.txt | 0001193125-26-436963 |
| 8-K Data (Synthetic) | 0001193125-26-436963 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 8-K | No price | awaiting T+1 | awaiting T+1 | No price |
Oct 29, 2026 3d ago | Press Release | $33.03 $30.53 | ▼ −7.57% | ▼ −5.80% | $30.53 (−7.57%) |
Oct 7, 2026 25d ago | SC 13G/A | $37.03 $36.27 | ▼ −2.05% | ▼ −1.63% | $30.53 (−17.55%) |
Aug 18, 2026 10w ago | Insider Cluster | $38.35 $37.19 | ▼ −3.02% | ▼ −2.18% | $30.53 (−20.39%) |
Jul 30, 2026 13w ago | 8-K | $41.45 $41.50 | ▲ +0.12% | ▼ −0.58% | $30.53 (−26.34%) |
Jun 18, 2026 19w ago | 8-K | $59.00 $61.58 | ▲ +4.37% | ▲ +4.69% | $30.53 (−48.25%) |
Jun 11, 2026 20w ago | Institutional Cluster | $50.41 $55.00 | ▲ +9.12% | ▲ +7.35% | $30.53 (−39.43%) |
May 26, 2026 22w ago | Insider Cluster | $49.00 $51.10 | ▲ +4.29% | ▲ +3.74% | $30.53 (−37.69%) |
May 22, 2026 23w ago | Insider Cluster | $50.76 $49.00 | ▼ −3.47% | ▼ −3.48% | $30.53 (−39.85%) |
May 15, 2026 24w ago | Insider Cluster | $41.35 $41.65 | ▼ −0.73% | ▼ −1.38% | $30.53 (+26.17%) |
US Market Status
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