Allegro MicroSystems Q2 Sales Rise 29% to $276.9 Million on AI Data Center and Auto Demand

Allegro MicroSystems reported fiscal second-quarter 2027 net sales of $276.9 million, up 29% from $214.3 million a year earlier, as AI data center and automotive demand lifted results. Crypto Briefing reported the figures on November 14, 2026. The company guided fiscal third-quarter sales to $278 million to $288 million.

Allegro's Record Data Center and Industrial Sales

Allegro Microsystems makes magnetic sensors and power integrated circuits, the components that monitor and manage electricity inside larger systems. Data center revenue hit a record $46 million, a gain of roughly 150% year over year, which the company tied to rising power densities in artificial intelligence infrastructure. Automotive, the largest business, brought in approximately $172.5 million to $173 million, an 11% increase, supported by electrification and advanced driver-assistance systems. The industrial and other segment reached a record $104.4 million, up 79% year over year.

Non-GAAP diluted earnings per share came in at $0.26, double the year-ago figure, and GAAP EPS was $0.12, roughly four times last year's level. The quarter marked the seventh consecutive period of sequential sales growth, and bookings have climbed for eight straight quarters. Design wins rose nearly 40% year over year to their highest quarterly level since the company's IPO. CEO Mike Doogue highlighted broad-based growth across automotive and industrial markets and credited data center demand as a key fuel for the expansion.

Allegro's Full-Year Revenue and Capital History

Allegro's full-year fiscal 2026 revenue was $890 million, up approximately 23% year over year, according to akta.pro company records. The same records show fourth-quarter fiscal 2026 revenue growth of 26% year over year on sales of $243 million. In July 2024, Allegro priced a $600 million primary offering of 25 million shares at $24.00 per share, with proceeds used to repurchase shares from majority shareholder Sanken Electric, reducing Sanken's stake to approximately 33.2%.

Allegro's 48V and 800V Product Rollouts

Allegro announced a 48V power and sensing portfolio for ADAS on November 5, 2026, including gate drivers, a torque sensor and a single-chip PMIC, with up to 50% lower bill-of-materials costs, GlobeNewswire reported. On October 27, 2026, Stock Titan reported new current sensors, a gate driver and a motor driver for AI data center power and cooling systems supporting 800V power distribution and 48V cooling. On October 20, 2026, Stock Titan reported 48V power management and precision sensing products for humanoid robots, including the A81481 PMIC and A17802/A17803 inductive sensors.

Allegro's Fiscal Q3 Sales Guidance

For the third quarter of fiscal 2027, Allegro guided net sales to between $278 million and $288 million, which at the midpoint implies year-over-year growth of approximately 23%. Management attributed the outlook to strong demand in AI-related power management and automotive safety.