Allegro MicroSystems (ALGM) Q1 2027 EPS Beats by 8.8% on AI and EV Demand
As seen on the 24/7 Wall St. homepage on July 30, 2026.
Allegro MicroSystems crushed Q1 with an 8.8% EPS beat as data center demand hit record 17% of sales, signaling the semiconductor maker's growing footprint in AI infrastructure alongside electrified vehicles. Industrial and Other segment surged 59% year-over-year while management guided Q2 revenue to grow 26% year-over-year at the midpoint.
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Allegro MicroSystems reported Q1 2027 earnings per share of $0.23, topping the $0.21 consensus estimate by roughly 8.8%. Revenue came in at $259.2 million, beating expectations of $251.7 million by about 3%. The results extend a consistent streak of beats visible across the past several quarters, with EPS climbing from $0.06 in Q4 2025 to $0.23 now as the company has steadily won more business.
The headline number inside the quarter was data center revenue reaching a record 17% of total sales, underlining how Allegro's magnetic sensor and power management chips are finding a home in AI infrastructure buildouts. The Industrial and Other segment added to the momentum, surging 59% year-over-year, a sign that demand is broadening beyond the automotive and electrified-vehicle markets that have long anchored the business.
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Looking ahead, management guided Q2 revenue growth of 26% year-over-year at the midpoint, a notably aggressive outlook that suggests the company expects its data center and industrial tailwinds to accelerate rather than fade. Investors will be watching whether data center's share of the revenue mix continues to climb and whether the Industrial segment can sustain anything close to its Q1 pace.
Mentioned: ALGM