Allegro MicroSystems reported second‑quarter 2026 results, posting revenue of $214 million, a 14% year‑over‑year increase, and non‑GAAP earnings per share of $0.13, up 60% from the same period last year.
Automotive sales grew 12% year‑over‑year, with the e‑Mobility sub‑segment driving a 21% increase. Industrial sales rose 23% year‑over‑year, and data‑center sub‑segment sales were record‑high, supporting the overall revenue lift.
Management guided third‑quarter sales to $215–$225 million, a 24% year‑over‑year increase, and indicated that non‑GAAP gross margin for the quarter is expected to be between 49% and 51%. The company reiterated its focus on margin expansion and inventory optimization.
CEO Mike Doogue, who assumed the role in February 2025, praised the “strong performance” and highlighted new design wins in e‑Mobility and data‑center markets that are expected to sustain growth into the next quarter.
Allegro also noted the launch of its first 10 MHz TMR current sensor, a product that is expected to strengthen its competitive position in power and sensing semiconductor solutions. In June 2025, the board rejected a $6.9 billion acquisition offer from onsemi, underscoring confidence in its standalone growth prospects.
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