0001193125-26-210309
SEC filingAllegro MicroSystems reported Q4 FY2026 net sales of $243 million, up 26% year-over-year, with full-year sales of $890 million up 23%, and issued Q1 FY2027 guidance of $245-255 million.
Allegro MicroSystems delivered strong Q4 and full-year FY2026 results, marking the fifth consecutive quarter of sales growth with Q4 net sales reaching $243 million, a 26% increase from the prior year driven by robust 18% growth in Automotive to $164 million and 49% surge in Industrial and Other to $79 million. Full-year sales hit $890 million, up 23%, reflecting sustained demand in Focus Auto segments including xEV and ADAS, plus Data Center contributing a record 14% of Q4 sales. Non-GAAP profitability expanded significantly, with Q4 gross margin at 50.0% (up from 45.6%) and operating margin at 15.6% (up from 9.0%), while full-year non-GAAP EPS more than doubled to $0.54. GAAP results showed Q4 operating margin of 2.2% despite a $6.6 million impairment charge on assets held for sale, and full-year net loss narrowed substantially. CEO Mike Doogue highlighted strong momentum and confidence in executing toward the target financial model amid supportive demand trends into FY2027. Guidance for Q1 FY2027 signals continued growth with sales expected at $245-255 million (23% YoY at midpoint), non-GAAP gross margin of 50-51%, opex around $80 million, and EPS of $0.19-0.23, underscoring operational leverage and market strength in core segments.