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

Allegro MicroSystems (NASDAQ:ALGM) updated its first quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 0.060-0.100 for the period, compared to the consensus EPS 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.

Allegro MicroSystems Trading Down 1.4 %

Shares of NASDAQ:ALGM opened at $18.69 on Thursday. The company’s 50 day moving average is $22.75 and its two-hundred day moving average is $22.69. The company has a market cap of $3.44 billion, a PE ratio of -53.40 and a beta of 1.57. Allegro MicroSystems has a 52 week low of $16.38 and a 52 week high of $33.26. The company has a current ratio of 4.91, a quick ratio of 3.00 and a debt-to-equity ratio of 0.40.

Allegro MicroSystems (NASDAQ:ALGM) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). Allegro MicroSystems had a positive return on equity of 4.31% and a negative net margin of 8.45%. Equities analysts predict that Allegro MicroSystems will post 0.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ALGM has been the topic of several research reports. Needham & Company LLC reissued a “buy” rating and issued a $30.00 price objective on shares of Allegro MicroSystems in a research report on Monday, February 24th. Morgan Stanley lifted their price target on shares of Allegro MicroSystems from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Wells Fargo & Company increased their target price on Allegro MicroSystems from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Mizuho lifted their target price on shares of Allegro MicroSystems from $28.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, March 24th. Finally, Barclays reduced their target price on Allegro MicroSystems from $30.00 to $22.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Allegro MicroSystems has an average rating of “Moderate Buy” and an average target price of $28.56.

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.