Allegro MicroSystems (ALGM) to Release Quarterly Earnings on Thursday

Allegro MicroSystems (NASDAQ:ALGM) is projected to post its Q3 2026 results before the market opens on Thursday, January 29th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $220.78 million for the quarter. Allegro MicroSystems has set its Q3 2026 guidance at 0.120-0.160 EPS. Individuals are encouraged to explore the company’s upcoming Q3 2026 earning overview page for the latest details on the call scheduled for Thursday, January 29, 2026 at 8:30 AM ET.

Allegro MicroSystems (NASDAQ:ALGM) last posted its earnings results on Thursday, October 30th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $214.29 million for the quarter, compared to analysts’ expectations of $210.75 million. Allegro MicroSystems had a negative net margin of 3.60% and a positive return on equity of 2.90%. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 earnings per share. On average, analysts expect Allegro MicroSystems to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Allegro MicroSystems Price Performance

ALGM opened at $33.99 on Thursday. Allegro MicroSystems has a twelve month low of $16.38 and a twelve month high of $38.45. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of -212.44 and a beta of 1.61. The company has a current ratio of 3.89, a quick ratio of 2.48 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $27.79 and a 200 day simple moving average of $29.89.

Hedge Funds Weigh In On Allegro MicroSystems

A number of large investors have recently bought and sold shares of ALGM. Royal Bank of Canada grew its holdings in shares of Allegro MicroSystems by 70.0% during the first quarter. Royal Bank of Canada now owns 117,923 shares of the company’s stock valued at $2,964,000 after purchasing an additional 48,554 shares during the last quarter. AQR Capital Management LLC bought a new position in Allegro MicroSystems during the 1st quarter worth $325,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Allegro MicroSystems by 31.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 354,610 shares of the company’s stock worth $8,911,000 after buying an additional 85,607 shares during the period. Prudential Financial Inc. increased its position in Allegro MicroSystems by 24.0% in the second quarter. Prudential Financial Inc. now owns 15,684 shares of the company’s stock worth $536,000 after buying an additional 3,040 shares during the period. Finally, First Trust Advisors LP lifted its stake in Allegro MicroSystems by 5.4% in the second quarter. First Trust Advisors LP now owns 576,478 shares of the company’s stock valued at $19,710,000 after buying an additional 29,531 shares during the last quarter. Institutional investors own 56.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ALGM. Barclays lifted their target price on Allegro MicroSystems from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Wall Street Zen upgraded Allegro MicroSystems from a “hold” rating to a “buy” rating in a report on Sunday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Allegro MicroSystems in a research report on Monday, December 29th. Mizuho set a $38.00 price target on shares of Allegro MicroSystems in a research report on Tuesday, December 16th. Finally, UBS Group upped their price target on shares of Allegro MicroSystems from $38.00 to $40.00 and gave the company a “buy” rating in a report on Friday, October 31st. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $38.89.

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.