Allegro Q2 revenue up 14%, beats estimates

Reuters10-30
Allegro <a href="https://laohu8.com/S/QTWO">Q2</a> revenue up 14%, beats estimates

Overview

  • Allegro fiscal Q2 revenue rises 14% yr/yr, beating analyst expectations

  • Non-GAAP EPS for fiscal Q2 increases over 60% yr/yr

  • Company expects Q3 2026 sales growth of 24% yr/yr at midpoint of guidance

Outlook

  • Company expects Q3 2026 net sales between $215 mln and $225 mln

  • Allegro anticipates Q3 2026 non-GAAP gross margin of 49% to 51%

  • Company forecasts Q3 2026 diluted EPS between $0.12 and $0.16

Result Drivers

  • E-MOBILITY AND INDUSTRIAL GROWTH - Sales in e-Mobility and Industrial & Other sectors increased 21% and 23% yr/yr, respectively, driving overall revenue growth

  • AUTOMOTIVE SALES STRENGTH - Broad strength in Automotive sales, particularly in e-Mobility and Other Auto, contributed to revenue growth

  • DATA CENTER SALES - Record sales in the data center sector fueled year-over-year growth in Industrial sales

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Sales

Beat

$214.29 mln

$210.60 mln (11 Analysts)

Q2 EPS

$0.03

Q2 Gross Margin

46.30%

Q2 Operating Margin

2.90%

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the semiconductors peer group is "buy"

  • Wall Street's median 12-month price target for Allegro Microsystems Inc is $37.00, about 16.9% above its October 29 closing price of $30.74

  • The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 54 three months ago

Press Release: ID:nGNX5crcyK

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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