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

Key Points

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Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) updated its second quarter 2026 earnings guidance on Thursday. 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 Trading Up 0.7%

NASDAQ ALGM traded up $0.21 on Monday, hitting $31.47. 1,287,492 shares of the stock were exchanged, compared to its average volume of 2,381,215. Allegro MicroSystems has a 52-week low of $16.38 and a 52-week high of $38.45. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.70 and a quick ratio of 2.26. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of -85.05 and a beta of 1.74. The company's 50-day moving average price is $32.27 and its two-hundred day moving average price is $26.70.

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

Wall Street Analyst Weigh In

ALGM has been the topic of several research analyst reports. Morgan Stanley lowered their price objective on shares of Allegro MicroSystems from $38.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Friday. Bank of America boosted their price target on shares of Allegro MicroSystems from $38.00 to $45.00 and gave the company an "action list buy" rating in a report on Thursday, July 10th. Barclays boosted their price target on shares of Allegro MicroSystems from $23.00 to $30.00 and gave the company an "overweight" rating in a report on Friday. UBS Group boosted their price target on shares of Allegro MicroSystems from $35.00 to $42.00 and gave the company a "buy" rating in a report on Monday, July 7th. Finally, Mizuho boosted their price target on shares of Allegro MicroSystems from $37.00 to $40.00 and gave the company an "outperform" rating in a report on Friday. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Allegro MicroSystems currently has an average rating of "Buy" and a consensus price target of $37.56.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Allegro MicroSystems by 31.8% in 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 valued at $8,911,000 after buying an additional 85,607 shares during the period. Royal Bank of Canada lifted its stake in shares of Allegro MicroSystems by 70.0% in the first quarter. Royal Bank of Canada now owns 117,923 shares of the company's stock valued at $2,964,000 after buying an additional 48,554 shares during the period. Finally, AQR Capital Management LLC bought a new stake in shares of Allegro MicroSystems in the first quarter valued at about $325,000. 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.