Allegro MicroSystems (ALGM) Set to Announce Quarterly Earnings on Thursday

Allegro MicroSystems (NASDAQ:ALGM) is anticipated to issue its Q2 2027 results before the market opens on Thursday, October 29th. Analysts expect the company to announce earnings of $0.2445 per share and revenue of $270.86 million for the quarter. Allegro MicroSystems has set its Q2 2027 guidance at 0.230-0.260 EPS. Individuals may visit the company’s upcoming Q2 2027 earnings overview page for the latest details on the call scheduled for Thursday, October 29, 2026 at 8:30 AM ET.

Allegro MicroSystems (NASDAQ:ALGM) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. The firm had revenue of $259.24 million for the quarter, compared to analyst estimates of $251.44 million. Allegro MicroSystems had a return on equity of 8.30% and a net margin of 1.50%. The company’s revenue was up 27.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 EPS. 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

Shares of NASDAQ ALGM opened at $32.32 on Tuesday. The stock’s 50-day moving average is $35.62 and its 200 day moving average is $40.61. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 538.76, a P/E/G ratio of 0.99 and a beta of 1.99. 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.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ALGM. Morgan Stanley increased their price target on shares of Allegro MicroSystems from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Mizuho lowered their price objective on shares of Allegro MicroSystems from $67.00 to $58.00 and set an “outperform” rating for the company in a report on Friday, July 31st. TD Cowen cut their price objective on shares of Allegro MicroSystems from $48.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, October 19th. Wells Fargo & Company cut their price objective on shares of Allegro MicroSystems from $56.00 to $45.00 and set an “overweight” rating for the company in a research note on Tuesday, October 20th. Finally, Weiss Ratings lowered shares of Allegro MicroSystems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $51.58.

Insider Activity at Allegro MicroSystems

In other news, SVP Erin Hagen sold 2,285 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $44.39, for a total value of $101,431.15. Following the completion of the sale, 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

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.