Allegro MicroSystems (NASDAQ:ALGM) Releases Q1 2026 Earnings Guidance

Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) issued an update on its first quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.060-0.100 for the period, compared to the consensus earnings per share estimate of 0.080. The company issued revenue guidance of $192.0 million-$202.0 million, compared to the consensus revenue estimate of $190.8 million.

Wall Street Analyst Weigh In

Several research firms have issued reports on ALGM. Mizuho lifted their price target on Allegro MicroSystems from $28.00 to $31.00 and gave the company an "outperform" rating in a research note on Monday, March 24th. Morgan Stanley boosted their target price on Allegro MicroSystems from $21.00 to $23.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. Needham & Company LLC decreased their price target on shares of Allegro MicroSystems from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Friday. Barclays increased their target price on shares of Allegro MicroSystems from $22.00 to $23.00 and gave the stock an "overweight" rating in a report on Friday. Finally, UBS Group lifted their price target on shares of Allegro MicroSystems from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $28.44.

Allegro MicroSystems Stock Performance

Shares of ALGM stock traded up $1.26 on Friday, reaching $22.33. The stock had a trading volume of 3,093,516 shares, compared to its average volume of 2,535,902. Allegro MicroSystems has a 12 month low of $16.38 and a 12 month high of $33.26. The company has a quick ratio of 3.00, a current ratio of 4.91 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of -63.80 and a beta of 1.57. The firm's 50-day moving average is $22.60 and its two-hundred day moving average is $22.72.

Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. Allegro MicroSystems had a positive return on equity of 4.31% and a negative net margin of 8.45%. The company had revenue of $192.82 million during the quarter, compared to analysts' expectations of $185.35 million. During the same period last year, the firm posted $0.25 earnings per share. The business's revenue was down 19.9% on a year-over-year basis. On average, research analysts expect that Allegro MicroSystems will post 0.01 EPS for the current fiscal year.

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.