Allegro MicroSystems reported first quarter fiscal 2027 results ending June 26, 2026, with net sales increasing 27% year-over-year to $259.2 million. GAAP diluted earnings per share improved to $0.08 from a loss of $0.07 in the prior year period, while non-GAAP diluted EPS grew 156% to $0.23. Automotive sales rose 15% to $165.3 million and Industrial/Other sales surged 59% to $93.9 million, driven by data center applications which accounted for a record 17% of total revenue. The company provided second quarter fiscal 2027 guidance projecting net sales between $265 million and $275 million, with non-GAAP diluted EPS expected between $0.23 and $0.26. Allegro MicroSystems operates in the semiconductor industry, designing magnetic sensing and power integrated circuits for automotive, industrial, and data center applications.

Allegro MicroSystems, Inc. expanded its Board of Directors to 11 members and elected Brian C. White as a Class III Director, effective June 17, 2026. Mr. White will also serve on the Audit and Compensation Committees. Following the departures of Richard R. Lury and Susan D. Lynch, the Board size will decrease to nine directors after the board's 2026 Annual Meeting. Allegro MicroSystems, Inc. designs and manufactures semiconductor solutions for sensor and power management.