Allegro Announces First Quarter Fiscal Year 2026 Financial Results

Allegro achieved strong performance in the first quarter of fiscal year 2026, with sales reaching $203 million, a 22% year-over-year increase. The company's Electric Vehicles and Industrial & Other businesses saw particularly strong growth, reaching 31% and 50%, respectively. Furthermore, the company saw positive momentum across all business segments, including continued strong order intake, a growing backlog, a return to growth in the automotive and industrial end markets, and design wins in strategically focused areas.