Allegro MicroSystems Reports Q2 Sales Beat and Provides Positive Q3 Guidance
Allegro MicroSystems (ALGM) reported second-quarter fiscal 2027 sales of $277 million, exceeding the high end of its previous guidance. This performance marks the company's seventh consecutive quarter of sequential sales growth, demonstrating sustained momentum in its core markets. Looking ahead to the third quarter, the company issued revenue guidance in the range of $278 million to $288 million. Management also signaled a focus on profitability, targeting gross margins exceeding 55% as they continue to scale operations.
Tickers: $ALGM