Gasgoo Munich-Allegro MicroSystems (hereinafter referred to as "Allegro") released its financial report for the first quarter of fiscal 2027 on August 3. The results, covering the period ended June 26, 2026, show a strong performance with significant year-over-year growth in both revenue and profit.
Financial data reveals Allegro’s total net sales reached $259.2 million in the first quarter of fiscal 2027, a 27% increase from $203.4 million in the same period last year. This achievement marks the company's sixth consecutive quarter of sales growth.
Image Source: Allegro
Mike Doogue, president and CEO of Allegro, stated that the performance growth was primarily driven by the strong results in the data center business, which now accounts for 17% of total sales. Meanwhile, the xEV (new energy vehicle) and ADAS (advanced driver assistance systems) businesses continue to maintain strong growth momentum.
In terms of profitability, Allegro's GAAP gross margin for the quarter was 48.5%, higher than the previous quarter's 47.0% and 44.9% from the same period last year. Non-GAAP gross margin stood at 51.1%, also showing a trend of sequential improvement. GAAP operating margin improved significantly to 9.8%, markedly higher than the previous quarter's 2.2% and compared to a loss of 1.3% in the prior-year period. Non-GAAP operating margin also rose to 19.4%.
Regarding earnings per share, Allegro recorded GAAP diluted EPS of $0.08 for the quarter, returning to profitability from a loss of $0.07 per share in the same period last year. Non-GAAP diluted EPS reached $0.23, representing a year-over-year increase of more than 2.5 times and marking the fifth consecutive quarter of growth.
For the second quarter of fiscal 2027 (ended September 25, 2026), Allegro provided a positive business outlook. The company expects total net sales to be between $265 million and $275 million; at the midpoint, this represents an approximate 26% year-over-year increase. Additionally, Allegro projects non-GAAP gross margin to be between 50.75% and 51.75%, and non-GAAP diluted EPS to be between $0.23 and $0.26, which implies an 88% year-over-year increase at the midpoint.
