Allegro MicroSystems sales rise 29% as data center business grows nearly 150%
Allegro MicroSystems reported net sales of US$276.9 million in its fiscal 2027 second quarter, 29% more than the US$214.3 million a year earlier. Its data center business reached US$46 million, a record and up nearly 150% year over year. Automotive contributed US$172.5 million (+11%) and industrial and other US$104.4 million (+79%). GAAP gross margin was 49.2% and non-GAAP diluted earnings per share were US$0.26. For the fiscal 2027 third quarter it guided net sales of US$278 million to US$288 million.
In 40 seconds
- Net sales of US$276.9 million, up 29% year over year; first-half sales reached US$536.1 million (+28%).
- Data centers: US$46 million, a record and up nearly 150%; automotive remains the largest business at US$172.5 million.
- GAAP gross margin of 49.2% and non-GAAP free cash flow of US$30.5 million, more than double a year earlier.
Read the full story at El Ecosistema Startup
IASummary generated by artificial intelligence from a story by El Ecosistema Startup. It may contain errors: the original source prevails.
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