Chipmaker Allegro MicroSystems reported a strong performance in its fiscal Q2 2026, with total sales reaching $214 million, a 14% year-over-year increase. Non-GAAP earnings per share also saw a significant jump of 60%.
The growth was primarily driven by robust demand in three key sectors. The e-mobility segment grew 21%, the industrial and other segment grew 23%, and the automotive business saw broad-based improvement. Notably, the data center business achieved record sales, becoming a major contributor to industrial growth.
The company's order intake remains strong, with design wins in the current fiscal year already surpassing the total from the same period in FY2025. For the next quarter, Allegro provided an optimistic outlook, forecasting sales between $215 million and $225 million.
ICgoodFind : Allegro's strong results and outlook, fueled by e-mobility and data centers, highlight its competitive edge in key growth markets.
