Allegro MicroSystems Reports Q2 Fiscal 2027 Results Exceeding Estimates
Allegro MicroSystems (ALGM) reported second-quarter fiscal 2027 results that surpassed analyst expectations for both earnings and revenue. The company posted a Non-GAAP earnings per share (EPS) of $0.26, beating estimates by $0.02, while total revenue reached $276.88 million, representing a 29.2% increase year-over-year and exceeding projections by $6.01 million. The strong performance highlights significant top-line growth for the semiconductor manufacturer. Looking ahead to the third quarter of fiscal 2027, ending December 25, 2026, the company is providing guidance regarding its expected total net sales as it continues to navigate market demand.
Tickers: $ALGM
Topics: earnings beat financial guidance revenue growth
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