Allegro MicroSystems (ALGM) Projected to Post Quarterly Earnings on Thursday

Allegro MicroSystems (NASDAQ:ALGM) will likely be issuing its Q2 2026 results before the market opens on Thursday, October 30th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $210.7450 million for the quarter. Allegro MicroSystems has set its Q2 2026 guidance at 0.100-0.140 EPS.Parties may visit the the company’s upcoming Q2 2026 earningresults page for the latest details on the call scheduled for Thursday, October 30, 2025 at 8:30 AM ET.

Allegro MicroSystems (NASDAQ:ALGM) last released its earnings results on Thursday, July 31st. The company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. The firm had revenue of $203.41 million for the quarter, compared to analysts’ expectations of $197.82 million. Allegro MicroSystems had a positive return on equity of 2.09% and a negative net margin of 9.00%.The company’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 earnings per share. 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 Trading Down 1.4%

ALGM opened at $30.48 on Tuesday. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of -82.38 and a beta of 1.72. The stock’s 50 day moving average price is $30.02 and its 200-day moving average price is $28.99. Allegro MicroSystems has a one year low of $16.38 and a one year high of $38.45. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.26 and a current ratio of 3.70.

Insider Transactions at Allegro MicroSystems

In other news, CAO Roald Graham Webster sold 8,266 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $32.81, for a total transaction of $271,207.46. Following the completion of the sale, the chief accounting officer owned 17,300 shares in the company, valued at approximately $567,613. This represents a 32.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.40% of the company’s stock.

Institutional Trading of Allegro MicroSystems

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vident Advisory LLC increased its stake in Allegro MicroSystems by 17.3% during the 2nd quarter. Vident Advisory LLC now owns 11,823 shares of the company’s stock worth $404,000 after buying an additional 1,742 shares during the period. Prudential Financial Inc. increased its stake in Allegro MicroSystems by 24.0% during the 2nd quarter. Prudential Financial Inc. now owns 15,684 shares of the company’s stock worth $536,000 after buying an additional 3,040 shares during the period. Corient Private Wealth LLC increased its stake in Allegro MicroSystems by 27.2% during the 2nd quarter. Corient Private Wealth LLC now owns 17,239 shares of the company’s stock worth $589,000 after buying an additional 3,685 shares during the period. Canada Pension Plan Investment Board increased its stake in Allegro MicroSystems by 154.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 6,100 shares of the company’s stock worth $209,000 after buying an additional 3,700 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in Allegro MicroSystems by 7.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 57,486 shares of the company’s stock worth $1,965,000 after buying an additional 3,908 shares during the period. Hedge funds and other institutional investors own 56.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ALGM shares. TD Cowen dropped their price objective on Allegro MicroSystems from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, August 1st. Bank of America dropped their price objective on Allegro MicroSystems from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, September 5th. UBS Group dropped their price objective on Allegro MicroSystems to $42.00 and set a “buy” rating on the stock in a research note on Monday, October 20th. Zacks Research raised Allegro MicroSystems to a “hold” rating in a research note on Monday, August 11th. Finally, Wall Street Zen raised Allegro MicroSystems from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.78.

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.