Allegro MicroSystems Reports Strong Q2 2027 Results Driven by Data Center and Industrial Growth
Allegro MicroSystems (ALGM) delivered a robust second quarter for fiscal year 2027, reporting revenue of $277 million, a 29% increase year-over-year that exceeded management's guidance. The company saw explosive growth in its data center segment, which surged over 150% due to rising power density requirements from artificial intelligence workloads, and its industrial segment, which reached record highs with 79% year-over-year growth. Financial performance was bolstered by significant operating leverage, resulting in a non-GAAP EPS of $0.26, doubling the prior year's results. While automotive revenue grew 11%, the company noted some delays in large hyperscaler programs and potential back-end testing constraints. Despite these headwinds, Allegro issued optimistic third-quarter guidance, projecting continued margin expansion and double-digit revenue growth.
Tickers: $ALGM
Topics: AI Workloads Automotive Electrification Data Center Demand EPS Beat Revenue Growth