Allegro MicroSystems (NASDAQ:ALGM) Issues Q4 2026 Earnings Guidance

Allegro MicroSystems (NASDAQ:ALGM) updated its fourth quarter 2026 earnings guidance on Friday. The company provided earnings per share guidance of 0.140-0.18 for the period, compared to the consensus earnings per share estimate of 0.150. The company issued revenue guidance of $230.0 million-$240.0 million, compared to the consensus revenue estimate of $231.0 million.

Analyst Upgrades and Downgrades

ALGM has been the topic of several research analyst reports. TD Cowen upped their price target on shares of Allegro MicroSystems from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Friday. Bank of America upped their target price on Allegro MicroSystems from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Wall Street Zen raised Allegro MicroSystems from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. Evercore ISI boosted their price objective on Allegro MicroSystems from $37.00 to $49.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, Barclays restated an “overweight” rating and issued a $46.00 price objective on shares of Allegro MicroSystems in a research report on Friday. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.67.

Allegro MicroSystems Price Performance

Shares of Allegro MicroSystems stock opened at $37.98 on Friday. The company’s fifty day simple moving average is $29.02 and its two-hundred day simple moving average is $29.83. Allegro MicroSystems has a 12-month low of $16.38 and a 12-month high of $39.89. The firm has a market cap of $7.03 billion, a PE ratio of -237.38 and a beta of 1.61. The company has a quick ratio of 2.48, a current ratio of 3.89 and a debt-to-equity ratio of 0.30.

Allegro MicroSystems (NASDAQ:ALGM) last released its quarterly earnings data on Thursday, January 29th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. Allegro MicroSystems had a positive return on equity of 2.90% and a negative net margin of 3.60%.The business had revenue of $229.21 million during the quarter, compared to analysts’ expectations of $220.78 million. During the same quarter last year, the business posted $0.07 EPS. The business’s revenue was up 28.9% on a year-over-year basis. As a group, equities analysts expect that Allegro MicroSystems will post 0.01 EPS for the current year.

More Allegro MicroSystems News

Here are the key news stories impacting Allegro MicroSystems this week:

• Positive Sentiment: Quarterly beat — Allegro reported $0.15 EPS vs. $0.14 consensus and revenue of $229.2M vs. ~$220.8M expected; revenue was up ~28.9% year?over?year, signaling healthy top?line momentum. Allegro MicroSystems (NASDAQ:ALGM) Exceeds Q4 Expectations
• Positive Sentiment: Guidance lifted/constructive — management gave Q4 EPS guidance of $0.140–0.18 and revenue guidance of $230–240M, which overlaps or tops consensus at the high end; that helped push shares higher on confidence in near?term execution.
• Positive Sentiment: Market reaction and headlines — media coverage highlighted a “swing to profitability” and a move to a two?year high, reinforcing momentum among growth and momentum investors. Allegro Microsystems (ALGM) jumps to 2-year high on swing to profitability, strong sales outlook
• Neutral Sentiment: Investor materials available — the company published its earnings press release, slide deck and hosted a conference call/earnings transcript for deeper detail on drivers and bookings. Allegro MicroSystems Reports Third Quarter 2026 Results
• Neutral Sentiment: Earnings call transcript published — useful for investors who want detail on product demand, ASPs, and end?market trends. Allegro MicroSystems Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Short interest data reported as effectively negligible (data appears anomalous), so short squeezes are unlikely to be a clear driver one way or the other based on reported figures.
• Negative Sentiment: Profitability nuance — despite the EPS beat, reported metrics still show a negative net margin (per filings/aggregators), indicating GAAP profitability may be mixed and leaving room for investor scrutiny on sustainable earnings. Allegro MicroSystems earnings and financials
• Negative Sentiment: Guidance not a clear blowout — revenue range roughly in line with consensus and EPS guidance midpoint near expectations, so future upside depends on execution against the high end of the range and continued margin improvement.

Institutional Trading of Allegro MicroSystems

A number of institutional investors have recently made changes to their positions in ALGM. Royal Bank of Canada boosted its stake in Allegro MicroSystems by 70.0% in the 1st 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. AQR Capital Management LLC bought a new stake in shares of Allegro MicroSystems in the first quarter worth about $325,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 worth $8,911,000 after buying an additional 85,607 shares in the last quarter. Prudential Financial Inc. boosted its stake in Allegro MicroSystems by 24.0% during the second quarter. Prudential Financial Inc. now owns 15,684 shares of the company’s stock valued at $536,000 after buying an additional 3,040 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in Allegro MicroSystems by 5.4% during the 2nd quarter. First Trust Advisors LP now owns 576,478 shares of the company’s stock valued at $19,710,000 after buying an additional 29,531 shares in the last quarter. Hedge funds and other institutional investors own 56.45% of the company’s stock.

About Allegro MicroSystems

Allegro MicroSystems, Inc (NASDAQ: ALGM) is a leading designer and manufacturer of high-performance power and sensing integrated circuits. The company focuses on semiconductor solutions that enable precise motion control, energy-efficient power management and robust sensing in a wide range of applications. Allegro’s product portfolio includes Hall-effect magnetic sensors, current and position sensing ICs, motor driver and controller devices, and power management components.

Allegro MicroSystems serves major automotive, industrial and consumer markets worldwide.