Allegro MicroSystems (NASDAQ:ALGM) Issues Q2 2026 Earnings Guidance

Key Points

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Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.100-0.140 for the period, compared to the consensus estimate of 0.118. The company issued revenue guidance of $205.0 million-$215.0 million, compared to the consensus revenue estimate of $207.7 million.

Allegro MicroSystems Price Performance

ALGM stock traded down $0.15 during trading on Friday, hitting $31.26. The stock had a trading volume of 2,066,190 shares, compared to its average volume of 2,277,904. Allegro MicroSystems has a twelve month low of $16.38 and a twelve month high of $38.45. The company's 50-day moving average price is $32.27 and its two-hundred day moving average price is $26.66. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.70 and a quick ratio of 2.66. The stock has a market capitalization of $5.78 billion, a P/E ratio of -84.48 and a beta of 1.74.

Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.09. Allegro MicroSystems had a positive return on equity of 2.09% and a negative net margin of 9.00%. The firm had revenue of $203.41 million for the quarter, compared to analyst estimates of $197.82 million. During the same period in the previous year, the company posted $0.03 earnings per share. The business's revenue was up 21.9% on a year-over-year basis. As a group, research analysts predict that Allegro MicroSystems will post 0.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ALGM. Wall Street Zen raised shares of Allegro MicroSystems from a "hold" rating to a "buy" rating in a report on Saturday. Barclays upped their price objective on shares of Allegro MicroSystems from $23.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday. Mizuho raised their target price on shares of Allegro MicroSystems from $37.00 to $40.00 and gave the stock an "outperform" rating in a research note on Friday. Needham & Company LLC boosted their target price on Allegro MicroSystems from $25.00 to $37.00 and gave the stock a "buy" rating in a report on Thursday. Finally, TD Cowen cut their price target on Allegro MicroSystems from $42.00 to $37.00 and set a "buy" rating for the company in a report on Friday. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Allegro MicroSystems currently has a consensus rating of "Buy" and an average target price of $37.56.

Institutional Investors Weigh In On Allegro MicroSystems

A number of institutional investors have recently modified their holdings of ALGM. AQR Capital Management LLC acquired a new position in Allegro MicroSystems during the 1st quarter worth about $325,000. Royal Bank of Canada increased 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 purchasing an additional 48,554 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of 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 purchasing an additional 85,607 shares in the last quarter. 56.45% of the stock is owned by institutional investors and hedge funds.

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.