Allegro reports $277M in Q2 sales as AI data centers and cars lift chip demand

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Allegro MicroSystems reported fiscal second-quarter 2027 net sales of $276.9 million, up 29% year over year. Data center revenue reached a record $46 million, an increase of roughly 150%, while automotive revenue rose 11% to approximately $173 million. The industrial and other segment hit a record $104.4 million, up 79%, and non-GAAP diluted earnings per share doubled to $0.26. For the third quarter, the company forecast sales of $278 million to $288 million, supported by AI power-management demand and automotive safety systems.

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