Allegro MicroSystems (ALGM) Expected to Announce Earnings on Thursday

Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) is anticipated to post its Q1 2026 quarterly earnings results before the market opens on Thursday, July 31st. Analysts expect Allegro MicroSystems to post earnings of $0.09 per share and revenue of $197.82 million for the quarter. Allegro MicroSystems has set its Q1 2026 guidance at 0.060-0.100 EPS.

Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The business had revenue of $192.82 million during the quarter, compared to the consensus estimate of $185.35 million. Allegro MicroSystems had a negative net margin of 10.07% and a positive return on equity of 1.04%. Allegro MicroSystems's revenue was down 19.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 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 Stock Performance

NASDAQ ALGM traded up $0.94 during trading on Friday, reaching $33.70. The company's stock had a trading volume of 1,944,295 shares, compared to its average volume of 2,315,880. The company has a current ratio of 4.30, a quick ratio of 2.66 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of -86.41 and a beta of 1.75. Allegro MicroSystems has a 12 month low of $16.38 and a 12 month high of $38.45. The firm has a 50 day moving average price of $31.61 and a 200 day moving average price of $26.32.

Analysts Set New Price Targets

A number of analysts have issued reports on ALGM shares. Needham & Company LLC cut their price objective on shares of Allegro MicroSystems from $30.00 to $25.00 and set a "buy" rating for the company in a report on Friday, May 9th. UBS Group boosted their target price on shares of Allegro MicroSystems from $35.00 to $42.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Mizuho boosted their target price on shares of Allegro MicroSystems from $31.00 to $37.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Barclays boosted their target price on shares of Allegro MicroSystems from $22.00 to $23.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, Bank of America boosted their target price on shares of Allegro MicroSystems from $38.00 to $45.00 and gave the company an "action list buy" rating in a research report on Thursday, July 10th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Allegro MicroSystems presently has an average rating of "Buy" and a consensus target price of $33.63.

Hedge Funds Weigh In On Allegro MicroSystems

A number of hedge funds have recently bought and sold shares of ALGM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Allegro MicroSystems by 31.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 354,610 shares of the company's stock worth $8,911,000 after acquiring an additional 85,607 shares in the last quarter. Royal Bank of Canada boosted its stake in Allegro MicroSystems by 70.0% during the first quarter. Royal Bank of Canada now owns 117,923 shares of the company's stock worth $2,964,000 after acquiring an additional 48,554 shares in the last quarter. Finally, AQR Capital Management LLC bought a new position in Allegro MicroSystems during the first quarter worth $325,000. Institutional investors own 56.45% of the company's stock.

About Allegro MicroSystems

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.