Financial Performance & Guidance - Allegro's 2QFY26 net sales reached $214 million, exceeding the midpoint of guidance[10] - The gross margin for 2QFY26 was 49.6%, surpassing the midpoint of guidance and showing a 140 bps quarter-over-quarter improvement[10, 14] - EPS for 2QFY26 was $0.13, also above the midpoint of guidance[10, 14] - Free cash flow for 2QFY26 was $14 million, representing 6% of sales[14] - The company made a $25 million voluntary debt repayment[14] - 3QFY26 sales guidance is between $215 million and $225 million, implying 24% year-over-year growth[20] Business Highlights & Market Position - Overall net sales increased by 14% year-over-year[15] - Auto sales increased by 12% year-over-year, with e-Mobility leading the growth at 21% year-over-year[15] - Industrial and Other sales increased by 23% year-over-year, driven by strength in Data Center[15] - Over 70% of design wins were in strategic focus areas[15] - Allegro is the 1 market leader in magnetic sensing[32, 37] Strategic Focus & Long-Term Goals - The company aims for long-term gross margin >58%, operating expenses ~26% of sales, operating margin >32%, and free cash flow >25% of sales[109] - Allegro repurchased approximately 39 million shares from Sanken Electric, reducing their ownership from 51.5% to 32.5%[119]