Allegro MicroSystems Q1 FY2027 Earnings Call
With Mike Doogue (President and CEO) and Derek D'Antilio (EVP, CFO, and Treasurer).
With more than 30 years of innovation, Allegro MicroSystems is a global leader in sensing and power semiconductor solutions that enable motion control, electrification, and energy-efficient systems.
More about Allegro MicroSystems
Our products combine advanced sensor ICs and application-specific power ICs to help customers sense, move, and manage power with precision, reliability, and efficiency across complex systems. We serve a broad set of high-growth markets—including automotive and industrial—spanning applications such as xEV powertrains, ADAS safety systems, AI data centers, robotics, and energy infrastructure. These secular trends in electrification, automation, and AI are driving increased demand for our differentiated solutions. Head over to www.allegromicro.com for more information.
1Prepared remarks3 speakers
Thank you, Sarah. Good morning, thank you for joining us today to discuss Allegro's first fiscal quarter 2027 results. I'm joined today by Allegro's President and Chief Executive Officer, Mike Doogue, and Allegro's Chief Financial Officer, Derek D'Antilio. They will provide highlights of our business, review our first quarter 2027 financial results, and share our second quarter outlook. We will follow our prepared remarks with a question-and-answer session. Today's call includes remarks about future expectations…
Thank you very much, Jalene, good morning. Thank you all for joining our first quarter 2027 earnings call. We began fiscal 2027 with continued strong momentum, delivering our sixth consecutive quarter of sequential sales growth. First quarter sales were $259 million above the high end of our guidance range and representing a 27% increase year-over-year. First quarter EPS was $0.23, increasing more than 2.5x over Q1 of fiscal year 2026. Before Derek takes you through the financials in detail, I want to spend a few…
Thank you, Mike, and good morning, everyone. Starting with our first quarter results. Sales were $259 million, and Non-GAAP earnings per share were $0.23. As a percentage of sales, gross margin was 51.1%, operating margin was 19.4%, and adjusted EBITDA was 23.9%. Total Q1 sales increased by 7% sequentially and 27% year-over-year. Sales to our automotive customers increased by 1% quarter-over-quarter to $165 million and 15% year-over-year. Focus Auto sales, including xEV and ADAS, increased by 3% sequentially and…