Allegro Microsystems (ALGM) Q2 FY2027 earnings: revenue $277 million, up 29.2% on the year

Allegro Microsystems, Inc. (ALGM) announced its results for Q2 FY2027, the quarter ended 25 September 2026, on 29 October 2026. Revenue was $277 million, up 29.2% on the same quarter a year earlier. Net income was $23 million, up 256.8% on the year, and diluted earnings per share $0.12. The figures are from the company's earnings press release; the 10-Q with the full statements is not filed yet, and this page fills in when it is.

Revenue$277 millionup 29.2%

Net income$23 millionup 256.8%

Diluted EPS$0.12$0.03 a year earlier

QuarterQ2 FY2027ended 25 September 2026

What management said

Guidance figures: 5 new.

Sales rose 29% year-over-year: Net sales were $276.9 million, up from $259.2 million in the prior quarter and $214.3 million a year earlier. Six-month sales were $536.1 million, up 28%.
GAAP EPS quadrupled; non-GAAP doubled: GAAP diluted EPS was $0.12, against $0.03 a year earlier. Non-GAAP diluted EPS was $0.26, against $0.13, and up from $0.23 in the prior quarter.
Industrial and Other up 79%: Industrial and Other sales grew 79% year-over-year and about 11% from the prior quarter. Management said data center led the growth.

Read the earnings call summary

The quarter, against the one before and a year earlier

Line	Q2 FY2027	Q1 FY2027	Q2 FY2026	Change on the year
Revenue	277	259	214	+29.2%
Net income	23.3	15.9	6.5	+256.8%
Diluted EPS	$0.12	$0.08	$0.03	+300.0%

$ million except per share.

Q2 FY2027 is from the company's press release of 29 October 2026; the other columns are from its 10-Q and 10-K filings. A release figure is shown when the release's own figure for an earlier quarter matches the filed one, so the line and its units are read right.

Quarterly results, the last 20 quarters filed

	Q2 FY2022 †	Q3 FY2022 †	Q4 FY2022	Q1 FY2023 †	Q2 FY2023 †	Q3 FY2023	Q4 FY2023 †	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027
Revenue	194	187	200	218	238	249	269	278	276	255	241	167	187	178	193	203	214	229	243	259
Cost of revenue	72.3	66.7	90.7	79.1	84.0	84.8	101	120	114	121	116	92.1	102	96.7	113	112	115	122	129	134
Gross profit	103	101	110	118	132	143	153	158	160	134	123	74.8	85.7	81.2	79.9	91.3	99.3	107	114	126
Gross margin	53%	54%	55%	54%	56%	57%	57%	57%	58%	52%	51%	45%	46%	46%	41%	45%	46%	47%	47%	48%
R&D	29.6	30.3	32.4	33.9	35.6	39.6	41.8	43.0	43.4	44.4	45.8	45.2	43.5	43.3	47.6	46.5	50.9	52.9	55.5	55.2
SG&A	34.1	38.0	46.8	69.8	36.6	37.4	48.3	44.2	43.2	52.7	48.3	40.2	38.1	37.9	45.5	47.5	42.2	44.6	46.7	45.0
Operating income	38.6	35.6	30.2	14.7	59.8	65.6	63.1	70.7	72.9	36.7	15.9	-10.6	4.1	-0.0	-13.2	-2.7	6.2	9.6	5.4	25.5
Operating margin	20%	19%	15%	7%	25%	26%	23%	25%	26%	14%	7%	-6%	2%	-0%	-7%	-1%	3%	4%	2%	10%
Interest expense	n/a	0.4	n/a	0.3	0.5	0.6	0.9	0.8	0.8	3.9	5.4	5.4	10.4	7.8	6.9	6.4	5.7	4.9	5.1	4.4
Pre-tax income	39.4	39.3	30.2	12.2	59.1	72.1	67.9	68.1	73.1	36.4	17.3	-16.6	-43.1	-7.6	-18.4	-10.0	-2.7	0.5	-2.7	17.4
Tax rate	16%	16%	15%	16%	14%	10%	9%	11%	10%	8%	141%	n/a	n/a	n/a	n/a	n/a	n/a	-1593%	n/a	9%
Net income	33.2	32.9	25.6	10.2	50.6	64.5	62.0	60.9	65.6	33.3	-7.1	-17.7	-33.7	-6.9	-14.8	-13.2	6.5	8.3	-16.5	15.9
Net margin	17%	18%	13%	5%	21%	26%	23%	22%	24%	13%	-3%	-11%	-18%	-4%	-8%	-7%	3%	4%	-7%	6%
Diluted EPS	$0.17	$0.17	$0.14	$0.05	$0.26	$0.33	$0.33	$0.31	$0.34	$0.17	-$0.04	-$0.09	-$0.18	-$0.04	-$0.08	-$0.07	$0.03	$0.04	-$0.09	$0.08
Operating cash flow	31.4	48.7	37.6	36.6	55.3	53.9	47.5	49.7	46.7	72.6	12.8	34.2	15.5	-8.2	20.4	61.6	20.4	45.4	35.7	22.0
Capital expenditure	18.5	22.0	14.1	14.4	20.8	14.3	30.2	44.9	31.2	34.4	14.3	11.0	10.0	13.6	5.4	10.6	6.4	4.1	17.0	8.0
Free cash flow	12.9	26.7	23.4	22.2	34.4	39.5	17.3	4.8	15.5	38.2	-1.5	23.2	5.6	-21.8	15.0	51.0	13.9	41.3	18.7	14.0
Buybacks	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	n/a	n/a	n/a	0.1	n/a	n/a	n/a	n/a	n/a	n/a
Dividends paid	0.0	0.0	0.0	0.0	0.0	0.0	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Shares outstanding	190m	190m	190m	191m	191m	191m	192m	192m	192m	193m	193m	194m	184m	184m	184m	185m	185m	185m	185m	186m
Filing	10-Q	10-Q	10-Q	10-Q	10-Q	10-Q	10-Q	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-Q	10-Q	10-Q	10-Q	10-K	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Earnings press release for the quarter ended 25 September 2026, filed with the SEC on 29 October 2026 with a Form 8-K: the release.