Allegro MicroSystems (ALGM) Expected to Post Earnings on Thursday

Allegro MicroSystems (NASDAQ:ALGM) will likely be announcing its Q2 2027 results before the market opens on Thursday, October 29th. Analysts expect Allegro MicroSystems to announce 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) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. Allegro MicroSystems had a return on equity of 8.30% and a net margin of 1.50%. The business had revenue of $259.24 million for the quarter, compared to analysts’ expectations of $251.44 million. During the same period in the previous year, the firm posted $0.09 EPS. The business’s revenue was up 27.5% on a year-over-year basis. 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 Price Performance

ALGM stock opened at $34.51 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.33 and a current ratio of 3.70. The firm has a market capitalization 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 firm has a 50 day moving average price of $36.21 and a 200-day moving average price of $43.49. Allegro MicroSystems has a 52-week low of $22.41 and a 52-week high of $71.77.

Insider Transactions at Allegro MicroSystems

In other news, SVP Erin Hagen sold 2,285 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $44.39, for a total transaction of $101,431.15. Following the transaction, the senior vice president owned 31,052 shares of the company’s stock, valued at approximately $1,378,398.28. The trade was a 6.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Allegro MicroSystems from $56.00 to $45.00 and set an “overweight” rating on the stock in a research note on Tuesday. Royal Bank Of Canada assumed coverage on shares of Allegro MicroSystems in a report on Friday, October 2nd. They set an “outperform” rating and a $50.00 target price for the company. Needham & Company LLC boosted their price target on Allegro MicroSystems from $55.00 to $57.00 and gave the company a “buy” rating in a report on Thursday, July 30th. TD Cowen cut their price objective on Allegro MicroSystems from $48.00 to $40.00 and set a “buy” rating for the company in a research note on Monday. Finally, Morgan Stanley increased their price objective on shares of Allegro MicroSystems from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.58.

Allegro MicroSystems Company Profile

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.