Allegro MicroSystems (ALGM) to Release Earnings on Thursday

Allegro MicroSystems (NASDAQ:ALGM) is expected to be releasing its Q2 2026 results before the market opens on Thursday, October 30th. Analysts expect Allegro MicroSystems to post earnings of $0.12 per share and revenue of $210.7450 million for the quarter. Allegro MicroSystems has set its Q2 2026 guidance at 0.100-0.140 EPS.Interested persons are encouraged to explore the company’s upcoming Q2 2026 earningoverview page for the latest details on the call scheduled for Thursday, October 30, 2025 at 8:30 AM ET.

Allegro MicroSystems (NASDAQ:ALGM) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $203.41 million for the quarter, compared to analyst estimates of $197.82 million. Allegro MicroSystems had a negative net margin of 9.00% and a positive return on equity of 2.09%. The firm’s revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 EPS. On average, analysts expect Allegro MicroSystems to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Allegro MicroSystems Trading Up 0.6%

Shares of Allegro MicroSystems stock opened at $30.66 on Wednesday. The firm has a market capitalization of $5.67 billion, a PE ratio of -82.86 and a beta of 1.72. The company has a current ratio of 3.70, a quick ratio of 2.26 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $30.02 and its 200 day moving average is $29.05. Allegro MicroSystems has a 1 year low of $16.38 and a 1 year high of $38.45.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ALGM. Bank of America decreased their price target on shares of Allegro MicroSystems from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, September 5th. Barclays lifted their target price on shares of Allegro MicroSystems from $23.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Allegro MicroSystems in a research report on Wednesday, October 8th. Needham & Company LLC lifted their target price on shares of Allegro MicroSystems from $25.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of Allegro MicroSystems from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Allegro MicroSystems currently has an average rating of “Moderate Buy” and a consensus target price of $36.78.

Insider Activity

In other news, CAO Roald Graham Webster sold 8,266 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $32.81, for a total value of $271,207.46. Following the transaction, the chief accounting officer owned 17,300 shares in the company, valued at approximately $567,613. The trade was a 32.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Canada Pension Plan Investment Board lifted its position in shares of Allegro MicroSystems by 154.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 6,100 shares of the company’s stock worth $209,000 after purchasing an additional 3,700 shares during the period. AQR Capital Management LLC acquired a new position in shares of Allegro MicroSystems in the 1st quarter worth approximately $325,000. Amundi acquired a new position in shares of Allegro MicroSystems in the 2nd quarter worth approximately $358,000. Vident Advisory LLC lifted its position in shares of Allegro MicroSystems by 17.3% in the 2nd quarter. Vident Advisory LLC now owns 11,823 shares of the company’s stock worth $404,000 after purchasing an additional 1,742 shares during the period. Finally, Federated Hermes Inc. lifted its position in shares of Allegro MicroSystems by 62.9% in the 2nd quarter. Federated Hermes Inc. now owns 12,204 shares of the company’s stock worth $417,000 after purchasing an additional 4,712 shares during the period. Institutional investors and hedge funds own 56.45% of the company’s stock.

Allegro MicroSystems Company Profile

Allegro MicroSystems, Inc, together with its subsidiaries, designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific analog power ICs for motion control and energy-efficient systems. Its products include magnetic sensor ICs, such as position, speed, and current sensor ICs; and power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers.