Allegro MicroSystems (ALGM) Expected to Release Quarterly Earnings on Thursday

Posted by George Bondi on Oct 22nd, 2026

Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) is expected to issue its Q2 2027 results before the market opens on Thursday, October 29th. Analysts expect the company to post earnings of $0.2445 per share and revenue of $270.82 million for the quarter. Allegro MicroSystems has set its Q2 2027 guidance at 0.230-0.260 EPS. Interested persons may review the information on the company’s upcoming Q2 2027 earnings results page for the latest details on the call scheduled for Thursday, October 29, 2026 at 8:30 AM ET.

Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Allegro MicroSystems had a return on equity of 8.30% and a net margin of 1.50%. The company had revenue of $259.24 million for the quarter, compared to analysts’ expectations of $251.44 million. During the same period last year, the business earned $0.09 EPS. Allegro MicroSystems’s quarterly revenue was up 27.5% compared to the same quarter last year. On average, analysts expect Allegro MicroSystems to post $0.65 EPS for the current fiscal year and $1.25 EPS for the next fiscal year.

Allegro MicroSystems Stock Performance

ALGM opened at $34.51 on Thursday. The company has a market cap of $6.43 billion, a price-to-earnings ratio of 575.26, a PEG ratio of 1.07 and a beta of 1.99. The company’s fifty day moving average price is $36.21 and its two-hundred day moving average price is $43.49. Allegro MicroSystems has a 1-year low of $22.41 and a 1-year high of $71.77. The company has a current ratio of 3.70, a quick ratio of 2.33 and a debt-to-equity ratio of 0.30.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ALGM. Wall Street Zen upgraded Allegro MicroSystems from a “hold” rating to a “buy” rating in a research note on Sunday, August 2nd. Morgan Stanley boosted their price objective on Allegro MicroSystems from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. TD Cowen cut their price target on shares of Allegro MicroSystems from $48.00 to $40.00 and set a “buy” rating on the stock in a report on Monday. Mizuho decreased their price target on shares of Allegro MicroSystems from $67.00 to $58.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Finally, Barclays downgraded Allegro MicroSystems from an “overweight” rating to an “equal weight” rating and set a $48.00 target price for the company. in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Allegro MicroSystems currently has an average rating of “Moderate Buy” and an average price target of $51.58.

Check Out Our Latest Research Report on Allegro MicroSystems

Insider Activity

In other Allegro MicroSystems news, SVP Erin Hagen sold 2,285 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $44.39, for a total transaction of $101,431.15. Following the sale, the senior vice president owned 31,052 shares in the company, valued at $1,378,398.28. This trade represents a 6.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.50% of the company’s stock.

About Allegro MicroSystems

(Get Free Report)

Allegro MicroSystems, Inc is a semiconductor company that develops and manufactures magnetic sensing and power-management solutions. Its products are designed to help monitor motion, position, speed, current and temperature, as well as control power in electronic systems.

The company’s portfolio includes Hall-effect and other magnetic sensors, current sensors, motor drivers, regulators, LED drivers and related integrated circuits. These products are used in automotive applications such as advanced driver-assistance systems, vehicle electrification, powertrain systems, comfort features and safety systems, as well as in industrial and consumer equipment.

Founded in 1990 and headquartered in Manchester, New Hampshire, Allegro serves customers globally through its international operations and distribution network.