Allegro Microsystems is trading 4.2% up at $44.00 after reporting a fiscal Q1 2027 earnings beat and issuing Q2 guidance that exceeded analyst expectations.
- The company reported record data center sales driven by AI infrastructure demand, alongside robust growth in its automotive and industrial segments.
- Management provided sequential revenue and EPS guidance above consensus, while the stock also benefits from a broader semiconductor rally following Samsung’s blockbuster chip results.