Allegro MicroSystems swings to GAAP profit of $15.9 million in FY27 Q1; net sales rise 27% to $259.2 million year-over-year
ALGM•Allegro MicroSystems reports fiscal Q1 2027 results
- Allegro MicroSystems posted Q1 FY2027 net sales of $259.24 million, up 27% year-over-year.
- GAAP diluted EPS swung to $0.08 from a loss per share of $0.07 a year earlier.
- GAAP operating income rose to $25.47 million from an operating loss of $2.74 million; GAAP gross margin widened 3.6 percentage points to 48.5%.
- Non-GAAP diluted EPS climbed to $0.23 from $0.09; CEO Mike Doogue cited record data center revenue at 17% of sales.
- The company forecast Q2 net sales of $265 million-$275 million, implying 26% year-over-year growth at the midpoint.
