The semiconductor firm projects earnings per share of $0.23-$0.26 as data center demand drives a doubling of sales in FY 2027.
Allegro MicroSystems (ALGM) guided Q2 FY 2027 sales to $265M-$275M and EPS to $0.23-$0.26, citing robust demand in data center markets. The company expects data center sales to more than double in FY 2027, extending a multi-quarter growth streak.
Management highlighted six consecutive quarters of sequential sales growth, with CEO Michael Doogue noting strong momentum in fiscal 2027. The outlook reflects sustained demand trends in key end markets, particularly data centers, which are driving revenue expansion.
No immediate market reaction was detailed in the earnings call insights. The guidance aligns with prior growth trends but underscores accelerating demand in high-performance computing sectors.