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

Allegro MicroSystems (NASDAQ:ALGM) updated its fourth quarter 2026 earnings guidance on Friday. 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 Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of Allegro MicroSystems from $40.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday. Wall Street Zen raised Allegro MicroSystems from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. TD Cowen increased their price objective on Allegro MicroSystems from $38.00 to $45.00 and gave the company a “buy” rating in a report on Friday. UBS Group reissued a “buy” rating and issued a $44.00 price objective on shares of Allegro MicroSystems in a research note on Friday. Finally, Bank of America upped their target price on Allegro MicroSystems from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Allegro MicroSystems presently has a consensus rating of “Moderate Buy” and an average target price of $43.56.

Allegro MicroSystems Price Performance

NASDAQ:ALGM traded down $0.90 during mid-day trading on Friday, hitting $37.09. The company’s stock had a trading volume of 1,953,820 shares, compared to its average volume of 2,798,037. 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 market capitalization of $6.87 billion, a price-to-earnings ratio of -231.81 and a beta of 1.61. Allegro MicroSystems has a fifty-two week low of $16.38 and a fifty-two week high of $39.89. The stock has a fifty day moving average of $29.02 and a 200-day moving average of $29.83.

Allegro MicroSystems (NASDAQ:ALGM) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. The firm had revenue of $229.21 million for the quarter, compared to analysts’ expectations of $220.78 million. Allegro MicroSystems had a negative net margin of 3.60% and a positive return on equity of 2.90%. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 earnings per share. As a group, equities analysts forecast that Allegro MicroSystems will post 0.01 EPS for the current fiscal year.

Key Allegro MicroSystems News

Here are the key news stories impacting Allegro MicroSystems this week:

• Positive Sentiment: Q3 results beat expectations — Allegro reported $0.15 EPS vs. consensus $0.14 and revenue of $229.2M vs. $220.8M (revenue +28.9% YoY). The beat underpins the rally. GlobeNewswire: Q3 Results
• Positive Sentiment: Management issued FY/near-term guidance that was roughly in-line to modestly above consensus: Q4 EPS guidance $0.14–$0.18 (consensus ~$0.15) and revenue guidance $230M–$240M (consensus ~$231M). The firm’s upbeat sales outlook helped lift sentiment. MSN: Jumps to 2-year high
• Positive Sentiment: Analyst upgrades and price-target increases: Wells Fargo raised its target from $40 to $45 (overweight) and TD Cowen raised its target to $45 (buy). Those raises imply ~18–19% upside from recent levels and likely helped buying interest. Benzinga: Wells Fargo PT Raise The Fly: TD Cowen PT Raise
• Neutral Sentiment: Market reaction: shares touched multi?year highs on the news (intraday momentum). This reflects short-term repositioning rather than a guaranteed change in fundamentals. Yahoo Finance: Exceeds Q4 Expectations
• Neutral Sentiment: Data/market metrics are mixed — consensus analyst models still show modest full?year EPS expectations and some data sources show odd short?interest reporting (zero/NaN entries), so gauge positioning carefully. MarketBeat: Earnings Summary & Call
• Negative Sentiment: GAAP profitability and valuation remain concerns — Allegro still shows a negative net margin on some measures and a negative PE, which could limit upside if margins don’t sustainably improve. Investors should watch whether the profitability is primarily non?GAAP or recurring. Zacks: Earnings Beat Coverage

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ALGM. State Street Corp lifted its holdings in shares of Allegro MicroSystems by 2.1% in the second quarter. State Street Corp now owns 5,193,001 shares of the company’s stock worth $177,549,000 after acquiring an additional 108,402 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Allegro MicroSystems by 189.4% in the 2nd quarter. Alliancebernstein L.P. now owns 2,759,872 shares of the company’s stock valued at $94,360,000 after purchasing an additional 1,806,183 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position in Allegro MicroSystems by 3.3% in the second quarter. Adage Capital Partners GP L.L.C. now owns 2,177,560 shares of the company’s stock valued at $74,451,000 after buying an additional 69,137 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Allegro MicroSystems by 26.4% during the second quarter. Raymond James Financial Inc. now owns 1,255,182 shares of the company’s stock worth $42,915,000 after buying an additional 261,842 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Allegro MicroSystems by 136.6% during the third quarter. Bank of America Corp DE now owns 952,679 shares of the company’s stock worth $27,818,000 after buying an additional 3,556,410 shares in the last quarter. 56.45% of the stock is owned by institutional investors and hedge funds.

About Allegro MicroSystems

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.