Allegro MicroSystems' first quarter fiscal 2027 revenue beat estimates, fueled by record data center sales.

Allegro MicroSystems reported first quarter fiscal 2027 revenue of $259.2 million and non-GAAP EPS of $0.23, beating analyst expectations. Revenue increased 27% year-over-year, marking the sixth consecutive quarter of sales growth.

Key Highlights

• Revenue grew 27% year-over-year to $259.2 million, driven by strength in the automotive (+15% YoY) and industrial (+59% YoY) end markets.
• Data center sales reached a record 17% of total sales, up from 14% in the prior quarter, fueled by strong demand in AI applications.
• Non-GAAP gross margin expanded to 51.1% from 48.2% in the prior-year period, with non-GAAP operating margin increasing to 19.4% from 11.1%.