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Allegro MicroSystems Q1 Earnings Call Highlights
['Mitch Edgeman']
Markets Daily
Industrial and other sales increased 18% sequentially to $94 million and rose 59% from the prior-year quarter, led by data center demand.
Data center sales accounted for 17% of total first-quarter revenue, compared with 14% in the prior quarter and 10% in the third quarter of fiscal 2026.
Doogue said data center revenue rose 32% sequentially to a quarterly record.
Allegro expects fiscal 2027 data center sales to more than double from fiscal 2026.
About Allegro MicroSystems (NASDAQ:ALGM)Allegro MicroSystems, Inc (NASDAQ: ALGM) is a leading designer and manufacturer of high-performance power and sensing integrated circuits.