Allegro MicroSystems, Inc. reported financial results for the second quarter ended September 25, 2026, announcing a 29% year-over-year increase in net sales to $277 million. The company stated this represents the seventh consecutive quarter of sequential sales growth. The filing notes that sales were driven by broad growth in the Automotive and Industrial end markets, with the Data Center sector establishing a new record.
For the quarter, GAAP earnings per share (EPS) were reported at $0.12, a quadrupling from $0.03 in the prior year's second quarter. Non-GAAP EPS was $0.26, which the company noted doubled over the same period. Gross margin on a non-GAAP basis was 51.5%, and operating margin was 20.6%.
Regarding business momentum, Allegro reported its highest quarterly design-win performance since its 2020 IPO, a figure that increased nearly 40% year-over-year. Bookings increased for the eighth consecutive quarter. The company also highlighted its balance sheet strength, noting a $25 million voluntary debt repayment made on September 30, 2026.
For the third quarter of fiscal 2027 (ending December 25, 2026), Allegro provided the following guidance: total net sales are expected to be between $278 million and $288 million, with a midpoint implying 23% year-over-year growth. Non-GAAP diluted EPS is expected to be between $0.25 and $0.29.
