Allegro Microsystems Inc

Latest Results (17.05.2026):

Allegro Microsystems Inc — fourth quarter of fiscal 2026: Allegro closed Q4 FY2026 with $243.2 million in sales (up 26% year‑over‑year) and delivered full‑year revenue of $890.1 million (up 23% YoY). The company reported materially stronger non‑GAAP profitability (Q4 non‑GAAP diluted EPS $0.17, FY non‑GAAP diluted EPS $0.54) while GAAP results showed a Q4 diluted loss of $(0.09) per share and a GAAP net loss attributable to Allegro of about $16.5 million for the quarter. Management highlighted strength in automotive (including xEV and ADAS) and Data Center demand and provided FY2027 Q1 guidance supporting continued growth.

Revenue snapshot

Q4 net sales were $243.2M (+26% YoY) and fiscal 2026 sales were $890.1M (+23% YoY). Automotive sales in Q4 were $163.9M (+18% YoY) and Industrial & Other were $79.3M (+49% YoY). The company noted Data Center reached a record 14% of Q4 sales.

Profitability — Non‑GAAP vs GAAP

On a non‑GAAP basis Q4 diluted EPS was $0.17 (nearly triple prior year) and FY non‑GAAP diluted EPS was $0.54 (more than doubled). GAAP results showed a Q4 diluted loss of $(0.09) and GAAP net loss attributable to Allegro of roughly $16.5M in the quarter and about $14.9M for the full year.

Margins and adjusted earnings

Non‑GAAP gross margin in Q4 was 50.0% (FY 49.4%). Non‑GAAP operating margin was 15.6% in Q4 (FY 14.1%). Adjusted EBITDA was $49.7M in Q4 (20.4% margin) and $170.1M for the year (19.1% margin).

Cash flow and balance sheet

Operating cash flow for Q4 was $35.7M and fiscal 2026 operating cash flow totaled $163.1M. Non‑GAAP free cash flow was $18.7M in Q4 and $124.9M for the year. Cash and cash equivalents were $168.8M (cash + restricted cash $175.4M) at March 27, 2026; long‑term debt declined to $285.7M from $344.7M a year earlier.

Business mix and drivers

Management attributed results to continued strength in Focus Auto (xEV and ADAS) and growing Data Center demand. Industrial & Other showed strong growth (+49% YoY in Q4), supporting the company’s diversified end‑market recovery.

Outlook for Q1 FY2027

Guidance for the quarter ending June 26, 2026: total net sales $245M–$255M (midpoint implies ~23% YoY growth); non‑GAAP gross margin 50%–51%; non‑GAAP operating expenses ~$80M ± $2M; non‑GAAP diluted EPS $0.19–$0.23. Company did not provide a GAAP reconciliation for the forward non‑GAAP metrics.

Other notes

Allegro held an earnings webcast on May 7, 2026. The company continues to reconcile and present extensive non‑GAAP adjustments (amortization, restructuring, stock‑based comp, etc.) which materially improve reported non‑GAAP earnings versus GAAP results.