ALLEGRO MICROSYSTEMS (ALGM) Company Report

Allegro MicroSystems reported Q2 fiscal year 2026 net sales of $214 million and non-GAAP earnings per share of $0.13, with a gross margin of 49.6%. Sales increased 5% sequentially and 14% year-over-year.
The company experienced strong performance in automotive sales, which grew 8% sequentially and 12% year-over-year, with E-Mobility sales increasing 21% year-over-year. Data Center sales reached a new quarterly record, driven by AI workloads and demand for fan driver ICs and high-speed TMR current sensors.
For Q3 fiscal year 2026, Allegro MicroSystems anticipates net sales in the range of $215 million to $225 million, non-GAAP gross margin between 49% and 51%, and non-GAAP EPS between $0.12 and $0.16 per share.
Management highlighted positive momentum with multi-year highs in Q2 bookings and backlog, strong design win activity in E-Mobility and Data Center, and the release of the industry's first 10 MHz TMR current sensor. The company also made a voluntary debt repayment of $25 million, reducing total debt to $285 million.

Oct 30, 2025, 12:30 PM

Transcript

Allegro MicroSystems Announces Q2 FY26 Results and Q3 FY26 Guidance

ALGM

Earnings

Guidance Update

Product Launch

Allegro MicroSystems reported Q2 FY26 Non-GAAP Net Sales of $214 million, a 14% year-over-year increase, with a Gross Margin of 49.6% and EPS of $0.13.
The company issued Q3 FY26 Non-GAAP guidance, projecting Sales between $215 million and $225 million (midpoint implying 24% year-over-year growth), Gross Margin between 49% and 51%, and EPS between $0.12 and $0.16.
Business highlights for Q2 FY26 included 12% year-over-year growth in Auto sales (with e-Mobility up 21%) and 23% year-over-year growth in Industrial and Other sales (driven by Data Center).
Allegro introduced the industry's first 10 MHz TMR Current Sensor, a disruptive IC for Data Center, Clean Energy, and xEV markets.
In July 2024, Allegro repurchased approximately 39 million shares from Sanken, reducing Sanken's ownership from 51.5% to 32.5% and increasing the free float by ~30% while retiring 10 million shares.

Oct 30, 2025, 12:30 PM

Presentation

Allegro MicroSystems Reports Q2 2026 Financials and Provides Q3 Outlook

ALGM

Earnings

Guidance Update

Revenue Acceleration/Inflection

Allegro MicroSystems delivered strong Q2 2026 results, with net sales of $214 million and non-GAAP EPS of $0.13, both above the midpoint of guidance. Sales increased 5% sequentially and 14% year-over-year, driven by broad strength in automotive (E-Mobility sales up 21% year-over-year) and a record quarter for Data Center sales.
The company provided an optimistic Q3 2026 outlook, projecting sales between $215 million and $225 million and non-GAAP EPS between $0.12 and $0.16 per share. The midpoint of the sales guidance equates to a 24% year-over-year increase and is above seasonal expectations, primarily due to continued strength in automotive and data center markets.
Growth is fueled by significant design wins and product innovation, particularly in E-Mobility and Data Center. Data Center momentum is driven by AI workloads and the transition to higher voltage architectures, with the company sampling new high-voltage gate drivers for silicon carbide and releasing the industry's first 10 MHz TMR current sensor.
Allegro's content opportunity is expanding, with EV dollar content at $60 (potentially $100 with new products) compared to $40 in internal combustion engine cars, and up to $425 in Gen A type servers compared to $150 in conventional high compute servers. The company also noted that the distribution channel inventory burn is nearing its end, and the pricing environment is expected to be more stable.

Oct 30, 2025, 12:30 PM

Transcript

Allegro MicroSystems Reports Strong Q2 2026 Results and Provides Q3 2026 Guidance

ALGM

Earnings

Guidance Update

Revenue Acceleration/Inflection

Allegro MicroSystems (ALGM) reported Q2 2026 net sales of $214 million, a gross margin of 49.6%, and non-GAAP EPS of $0.13, exceeding the midpoint of guidance ranges. Sales grew 5% sequentially and 14% year-over-year.
Strong performance was driven by automotive sales, with E-Mobility increasing 21% year-over-year, and a record quarter for Data Center sales fueled by AI workloads.
For Q3 2026, ALGM provided guidance of $215 million to $225 million in sales, non-GAAP EPS between $0.12 and $0.16, and a gross margin of 49% to 51%.
The company highlighted growing sales in China since Q1 FY2025, with lean inventory levels, and introduced the industry's first 10 MHz TMR current sensor to enhance competitive advantage in EV and data center applications.

Oct 30, 2025, 12:30 PM

Transcript

Allegro MicroSystems Reports Strong Second Quarter 2026 Results

ALGM

Earnings

Guidance Update

Revenue Acceleration/Inflection

Allegro MicroSystems, Inc. reported total net sales of $214.294 million for the second quarter ended September 26, 2025, marking a 14% increase year-over-year.
Non-GAAP diluted earnings per share (EPS) was $0.13, representing an increase of over 60% year-over-year.
Sales growth was primarily driven by the Automotive segment, which increased 12% to $155.845 million, and the Industrial and Other segment, which grew 23% to $58.449 million year-over-year.
For the third quarter of fiscal year 2026, the company expects net sales between $215 million and $225 million and non-GAAP diluted EPS between $0.12 and $0.16.

Oct 30, 2025, 11:07 AM

8-K

Allegro MicroSystems Reports Strong Q1 2026 Results and Provides Q2 2026 Guidance

ALGM

Earnings

Guidance Update

Revenue Acceleration/Inflection

Allegro MicroSystems reported Q1 2026 sales of $203 million and non-GAAP EPS of $0.09, with sales increasing 22% year-over-year and 5% sequentially.
The company provided Q2 2026 sales guidance of $205 million to $215 million and non-GAAP EPS guidance of $0.10 to $0.14.
Growth was driven by e-mobility sales, up 31% year-over-year, and industrial and other sales, up 50% year-over-year, with strong contributions from data center and robotics/automation.
Allegro introduced new current sensor ICs for XEV inverters and a new motor driver IC for AI data centers, and continued to focus on debt reduction, making $35 million in voluntary repayments in Q1 2026 and another $25 million in Q2 2026.

Aug 1, 2025, 6:52 PM

Allegro Microsystems Announces Special Conference Call Updates

ALGM

CEO Change

Product Launch

New Projects/Investments

Allegro detailed its automotive strategy, noting that about 75% of sales come from auto—with strong emphasis on ADAS and xEV powertrain opportunities, including isolated gate drivers driving significant content gains.
The company highlighted its well‐diversified geographic mix with 27% of shipments in China (roughly half for domestic use), 20% in Japan, 15% in North America, with the remainder spread across Asia and Europe.
Operational restructuring steps were discussed, including relocating key functions to the Philippines to achieve approximately $15M in cost reductions on a run rate basis from both COGS and OpEx.
A leadership update was provided as Mike Doogue, a long‐time executive with over 25 years at Allegro, assumes the CEO role, focusing on execution, operational efficiency, and advancing product innovation.

May 31, 2025, 8:21 AM

Allegro MicroSystems Reports Q4 and FY 2025 Results with Q1 FY2026 Outlook

ALGM

Earnings

Guidance Update

Revenue Acceleration/Inflection

Q4 2025 Financials: Allegro reported $193 million in sales (8% sequential increase) with non-GAAP EPS of $0.06, alongside a gross margin of 45.6% and operating margin of 9% .
FY 2025 Overview: Comprehensive GAAP and non-GAAP measures further illuminate operating margins and overall profitability .
Strategic Focus: The CEO highlighted accelerating innovation through new product launches in TMR and high-voltage gate drivers to spur growth in automotive and industrial markets .
Cost Efficiency: A restructuring program initiated in Q4 is expected to deliver at least $15 million in annual cost savings starting in FY26 by reducing COGS and operating expenses .
Q1 FY2026 Outlook: The forecast anticipates total net sales between $192 million and $202 million, pointing to approximately 18% year-over-year growth .

May 8, 2025, 12:31 PM

Transcript 8-K

Earnings Transcripts

Quarterly earnings call transcripts for ALLEGRO MICROSYSTEMS.

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