Key Highlights

  • Allegro MicroSystems will announce second-quarter fiscal 2027 results before the market opens on Thursday 29 October 2026, with a call at 8:30 am Eastern Time.
  • First-quarter net sales were $259.2 million, up 27% from $203.4 million a year earlier, with data centre sales at 17% of the total.
  • The company guided second-quarter net sales to $265 million to $275 million and non-GAAP Diluted Earnings per Share to $0.23 to $0.26.

Results due on Thursday

Allegro MicroSystems (NASDAQ:ALGM) will announce second-quarter fiscal 2027 results before the market opens on Thursday 29 October 2026, with a call at 8:30 am Eastern Time, according to a notice published on 8 October. The figures have therefore not yet been reported, and this article relies on the first-quarter release of 30 July 2026 and the guidance in it.

The first-quarter results

For the quarter ended 26 June 2026, net sales were $259.2 million, up 27% from $203.4 million a year earlier. Automotive sales were $165.3 million, or 63.8% of the total, up 15%. Industrial and other sales were $93.9 million, up 59%. The chief executive said data centre sales reached 17% of total sales, the highest share to date.

Margins improved. Gross Margin was 48.5% on a GAAP basis, against 44.9% a year earlier, and 51.1% on a non-GAAP basis, against 48.2%. GAAP Operating Income was $25.5 million, a 9.8% margin, compared with a loss of $2.7 million a year before. Non-GAAP operating income was $50.4 million, a 19.4% margin.

Earnings and balance sheet

Diluted earnings per share were $0.08 on a GAAP basis, against a loss of $0.07 a year earlier, and $0.23 on a non-GAAP basis, against $0.09. Cash and cash equivalents were $162.0 million at the end of the quarter, compared with $168.8 million at 27 March 2026, with a further $8.4 million of restricted cash.

Long-term Debt was $285.7 million and the current portion was $1.5 million, a combined $287.2 million, as the release does not state a total. Debt therefore exceeds cash by a considerable margin.

Guidance for the quarter to be reported

The following is company guidance for the quarter ended 25 September 2026, not a reported result. Management guided to net sales of $265 million to $275 million, which it described as 26% growth at the mid-point, a non-GAAP gross margin of 50.75% to 51.75%, and non-GAAP operating expenses of $84.5 million, plus or minus $1 million. Non-GAAP diluted earnings per share were guided to between $0.23 and $0.26.

Guidance can be exceeded or missed, and the company can revise its outlook at each report.

What to watch on 29 October

Points to watch include whether net sales fall within the guided range and whether growth remains near the mid-point of 26%. The mix is a second point: automotive grew 15% while industrial and other grew 59% in the first quarter.

Margins are a third point. Non-GAAP gross margin was 51.1% in the first quarter against guidance of 50.75% to 51.75% for the second. Finally, debt and cash movements will show how the company's financing position has changed.