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

Allegro MicroSystems posted 29% revenue growth, record design wins and a data center business that more than doubled year over year Allegro MicroSystems just turned in the kind of quarter chipmakers like to frame and hang in the lobby. The company reported fiscal second-quarter 2027 net sales of $276.9 million , up 29% from $214.3 million a year earlier. The growth came from two places that rarely share a sentence: AI data centers and automotive safety systems. Allegro, which trades on the Nasdaq under the ticker ALGM, makes magnetic sensors and power integrated circuits. Think of these as the components that keep tabs on electricity and manage how it flows inside larger systems. The standout figure was data center revenue, which hit a record $46 million.

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