Allegro MicroSystems Reports $276.9 Million in Q2 Sales Driven by AI and Automotive Demand

Allegro MicroSystems has reported fiscal second-quarter 2027 net sales of $276.9 million, marking a 29% increase from $214.3 million in the same period last year. This growth has been primarily driven by rising demand in two sectors: AI data centers and automotive safety systems.

Key Financial Highlights

• Data center revenue reached a record $46 million, a 150% year-over-year increase.
• Automotive revenue was approximately $172.5 million to $173 million, reflecting an 11% growth from the previous year.
• The industrial and other segment saw a remarkable 79% increase, totaling $104.4 million.
• Non-GAAP diluted earnings per share doubled to $0.26, while GAAP EPS rose to $0.12.

This quarter marks the seventh consecutive period of sequential sales growth for Allegro, with bookings increasing for eight straight quarters. CEO Mike Doogue noted broad-based growth across the automotive and industrial markets, attributing the expansion to heightened demand in data centers.

Outlook for Q3

For the third quarter of fiscal 2027, Allegro has guided net sales between $278 million and $288 million, indicating a projected year-over-year growth of approximately 23%. The company expects continued strong demand in AI-related power management and automotive safety systems.

The growing demand for efficient power management solutions in AI infrastructure and automotive safety highlights the importance of Allegro's role in the semiconductor industry. The significant increase in design wins and bookings suggests a promising future as customers commit to Allegro's products for upcoming projects.