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

Allegro MicroSystems (NASDAQ:ALGM) issued an update on its fourth quarter 2026 earnings guidance on Friday morning. 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 Ratings Changes

A number of research firms have recently weighed in on ALGM. Wall Street Zen upgraded shares of Allegro MicroSystems from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. Needham & Company LLC raised their price objective on Allegro MicroSystems from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday. Barclays reissued an “overweight” rating and set a $46.00 target price on shares of Allegro MicroSystems in a research report on Friday. UBS Group lifted their price objective on shares of Allegro MicroSystems from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Bank of America increased their target price on shares of Allegro MicroSystems from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.67.

Allegro MicroSystems Price Performance

Shares of ALGM opened at $37.98 on Friday. The stock has a market capitalization of $7.03 billion, a PE ratio of -237.38 and a beta of 1.61. The company has a 50 day moving average price of $29.02 and a 200-day moving average price of $29.83. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.48 and a current ratio of 3.89. Allegro MicroSystems has a fifty-two week low of $16.38 and a fifty-two week high of $39.89.

Allegro MicroSystems (NASDAQ:ALGM) last posted its earnings results on Thursday, January 29th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $229.21 million during the quarter, compared to analyst estimates of $220.78 million. Allegro MicroSystems had a positive return on equity of 2.90% and a negative net margin of 3.60%.Allegro MicroSystems’s revenue was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 earnings per share. Equities analysts predict that Allegro MicroSystems will post 0.01 earnings per share for the current fiscal year.

Trending Headlines about Allegro MicroSystems

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

Several hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC boosted its holdings in shares of Allegro MicroSystems by 12,315.0% in the 3rd quarter. NewEdge Advisors LLC now owns 2,483 shares of the company’s stock valued at $73,000 after buying an additional 2,463 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in Allegro MicroSystems in the third quarter valued at approximately $161,000. Canada Pension Plan Investment Board grew its holdings in Allegro MicroSystems by 154.2% in the second quarter. Canada Pension Plan Investment Board now owns 6,100 shares of the company’s stock worth $209,000 after purchasing an additional 3,700 shares during the last quarter. Brooklyn Investment Group increased its position in shares of Allegro MicroSystems by 321.6% during the third quarter. Brooklyn Investment Group now owns 7,335 shares of the company’s stock worth $214,000 after purchasing an additional 5,595 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Allegro MicroSystems during the 3rd quarter valued at $249,000. 56.45% of the stock is owned by hedge funds and other institutional investors.

Allegro MicroSystems Company Profile

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.