Highlights

  • Allegro MicroSystems, a supplier of magnetic sensing and power semiconductors, last reported results on 30 July 2026 for its first fiscal quarter of 2027, which ended on 26 June.
  • The shares closed at $32.22 on Wednesday 14 October 2026, down 4.25%, according to StockAnalysis.com, which put the market capitalisation at about $6.01 billion.
  • Net sales were $259.2 million, up 27% from $203.4 million a year earlier.
  • Non-GAAP gross margin was 51.1% and GAAP gross margin was 48.5%.

Allegro MicroSystems (NASDAQ:ALGM), a supplier of magnetic sensing and power semiconductors, last reported results on 30 July 2026 for its first fiscal quarter of 2027, which ended on 26 June. The reviewed material identified no newer company release in the sources reviewed. Chief executive Mike Doogue said the company began fiscal 2027 with strong momentum and delivered its sixth consecutive quarter of sales growth.

What the Share Price Shows

The shares closed at $32.22 on Wednesday 14 October 2026, down 4.25%, according to StockAnalysis.com, which put the market capitalisation at about $6.01 billion. The 52-week range was $22.41 to $71.77, so the price sat well below the high but above the low.

The reviewed material did not find a sourced explanation for Wednesday's decline. Allegro's membership of a named index is not verified here, so the Nasdaq Composite is used purely as a general benchmark for Nasdaq-listed companies and no membership is implied.

First-quarter results

Net sales were $259.2 million, up 27% from $203.4 million a year earlier. Automotive sales were $165.3 million, up 15%, while Industrial and Other rose 59% to $93.9 million. Industrial and Other therefore contributed about 36% of the quarter's sales, according to a calculation from the reported figures from the reported figures.

Non-GAAP gross margin was 51.1% and GAAP gross margin was 48.5%. GAAP diluted earnings per share were $0.08, against a loss of $0.07 a year earlier, and non-GAAP diluted earnings per share were $0.23.

Against its own forecast the quarter was strong. In May, management had guided to net sales of $245 million to $255 million, non-GAAP gross margin of 50% to 51% and non-GAAP diluted earnings per share of $0.19 to $0.23. Reported sales of $259.2 million exceeded the top of the range, gross margin of 51.1% was just above it, and non-GAAP earnings per share of $0.23 matched the upper end.

Sequentially, sales rose from $243.2 million in the fourth quarter of fiscal 2026, which was itself up 26% year on year. By a calculation from the reported figures that is a gain of about 6.6% quarter on quarter, consistent with the sixth consecutive quarter of growth that management described.

Cash flow and balance sheet

Operating cash flow was $22.0 million and non-GAAP free cash flow was $14.0 million, or 5.4% of sales. Cash and equivalents were $162.0 million, plus $8.4 million of restricted cash, against total debt of about $287.2 million. Debt is therefore larger than cash, which is a point that investors tracking leverage may want to follow, although the sources reviewed did not give maturity details.

The prior fiscal year provides context. For the year ended 27 March 2026, net sales were $890.1 million, up 23%, of which automotive contributed $628.6 million and Industrial and Other $261.5 million. Full-year non-GAAP free cash flow was $124.9 million, so the latest quarter's $14.0 million is below that annual run rate of roughly $31 million a quarter.

Guidance and what to watch

For the second fiscal quarter, Allegro guided to net sales of $265 million to $275 million, which implies growth of about 26% at the midpoint. It also guided to non-GAAP gross margin of 50.75% to 51.75%, non-GAAP operating expenses of $84.5 million, plus or minus $1 million, and non-GAAP diluted earnings per share of $0.23 to $0.26. These are management forecasts rather than reported results. Operating expenses guided near $84.5 million compare with about $80 million guided for the first quarter.

The next report is the main scheduled test, although no date was found in the sources reviewed. Points to watch include whether Industrial and Other sustains its pace, whether automotive growth strengthens from 15%, and whether margins stay near the guided range. Readers should check Allegro's filings for the latest information, since conditions and guidance can change quickly.