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Sep 26
Allegro MicroSystems Q2 2026 Earnings Report
Allegro MicroSystems reported strong second quarter 2026 results with increased sales and non-GAAP EPS.
Key Takeaways
Allegro MicroSystems delivered robust second quarter results, with sales climbing 14% year-over-year to $214 million, driven by significant growth in both e-Mobility and Industrial & Other segments. Non-GAAP EPS saw a substantial increase of over 60% year-over-year, reaching $0.13.
Total net sales for Q2 2026 reached $214.294 million, a 14% increase year-over-year.
Non-GAAP diluted EPS was $0.13, marking a more than 60% increase compared to the prior year.
Automotive segment revenue grew by 12% year-over-year to $155.845 million, with strong performance in e-Mobility and Other Auto.
Industrial and Other segment revenue increased by 23% year-over-year to $58.449 million, fueled by record data center sales.
Allegro MicroSystems
Allegro MicroSystems
Allegro MicroSystems Revenue by Segment
Revenue by Segment
Automotive Revenue
CapyFin.comIndustrial and Other Revenue
CapyFin.com Forward Guidance
For the third quarter of fiscal year 2026, Allegro MicroSystems anticipates total net sales between $215 million and $225 million, representing a 24% year-over-year growth at the midpoint. Non-GAAP Gross Margin is projected to be between 49% and 51%, and non-GAAP Diluted Earnings per Share is expected to range from $0.12 to $0.16.
Positive Outlook
- Expected total net sales of $215 million to $225 million for Q3 2026.
- Midpoint of sales guidance implies 24% year-over-year growth.
- Non-GAAP Gross Margin is expected to be strong, between 49% and 51%.
- Non-GAAP Diluted Earnings per Share is projected to be between $0.12 and $0.16.
- Continued growth anticipated in net sales.
Challenges Ahead
- Interest expense is expected to be approximately $5 million.
- Reconciliation of non-GAAP measures to GAAP for forward-looking estimates is not provided due to unreasonable efforts.
- Certain factors materially significant to estimating reconciling items are out of the company's control or cannot be reasonably predicted.
- The company does not plan to publicly update or revise any forward-looking statements except as required by applicable law.
- Forward-looking statements are subject to known and unknown risks, uncertainties, and other important factors that may cause actual results to differ materially.
Revenue & Expenses
Visualization of income flow from segment revenue to net income