ALLEGRO MICROSYSTEMS, INC.
Allegro Microsystems designs, develops and markets sensor integrated circuits and application-specific power ICs for automotive and industrial customers. Its products support sensing, motion control and power management in systems such as electric vehicles, driver-assistance features, AI data centers, robotics and energy infrastructure. The portfolio includes magnetic current, position and speed sensors, as well as motor drivers, voltage regulators, safety power management ICs, LED drivers and isolated gate drivers. XtremeSense is its brand for tunneling magnetoresistive sensor technology. Allegro sells worldwide through a direct sales force, distributors and independent sales representatives, with technical support from its sales force and applications engineers. It uses a fabless, asset-light manufacturing model, working with external wafer fabrication partners and internal and external assembly and test providers. Allegro is headquartered in Manchester, New Hampshire.
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See all $ALGM insider activity →Allegro MicroSystems (ALGM) reported Q3 revenue of $276.9M, beating estimates by 2.1%, with adjusted EPS of $0.26, a 6.3% beat. Guidance for Q4 CY2026 was raised above estimates. Key drivers include automotive design wins, data center growth, and industrial robotics. Capacity constraints and cost inflation are noted challenges. ALGM's market cap is $6.16B.
ALGM filed its quarterly report (10-Q) with the SEC on October 30, 2026. The report includes financial data and exhibits related to the company's performance for the quarter. Investors can access the filing for detailed information on ALGM's financial health and operations.
UBS kept its Buy rating on Allegro Microsystems but reduced its price target to $48 from $50, a 4% cut. This implies a 57.2% upside from the Oct 30 close of $30.53. Recent analyst targets range from $40 to $50.
Over the past 7 days, AlphAI's AI scored 20 news stories mentioning ALGM (ALLEGRO MICROSYSTEMS, INC.). Coverage has skewed bullish: 12 bullish, 3 neutral, and 5 bearish.
Recent ALGM coverage spans financial news and earnings.
Guidance upside and margin expansion are likely to support the stock, but near-term growth may be capped by backend test tightness.
The filing may prompt investors to reassess earnings outlook.
Target reduction suggests near-term downside pressure on the stock.
Analyst downgrade suggests near-term downside pressure.
Lowering the price target without changing the rating suggests modest valuation downside risk rather than a thesis break.
AlphAI scores every news story that mentions ALGM with an AI model for sentiment and relevance, and aggregates insider trades from ALLEGRO MICROSYSTEMS, INC.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
Allegro MicroSystems (ALGM) reported Q3 revenue of $276.9M, beating estimates by 2.1%, with adjusted EPS of $0.26, a 6.3% beat. Guidance for Q4 CY2026 was raised above estimates. Key drivers include automotive design wins, data center growth, and industrial robotics. Capacity constraints and cost inflation are noted challenges. ALGM's market cap is $6.16B.
7 min readALGM filed its quarterly report (10-Q) with the SEC on October 30, 2026. The report includes financial data and exhibits related to the company's performance for the quarter. Investors can access the filing for detailed information on ALGM's financial health and operations.
1 min readUBS kept its Buy rating on Allegro Microsystems but reduced its price target to $48 from $50, a 4% cut. This implies a 57.2% upside from the Oct 30 close of $30.53. Recent analyst targets range from $40 to $50.
1 min readWells Fargo kept its Overweight rating on Allegro Microsystems but reduced its price target to $40 from $45, citing an 11.1% decrease. The new target suggests a 21.1% upside from the Oct 29 closing price of $33.03. Other recent analyst targets for the company range from $40 to $50.
1 min readBarclays kept Allegro Microsystems at Equal-Weight, reducing its price target to $45 from $48, a 6.2% cut. The new target suggests a 36.2% upside from the Oct 29 close of $33.03. Recent analyst price targets for the company range from $40 to $50.
2 min readEvercore ISI Group kept its Outperform rating on Allegro Microsystems but reduced its price target from $53 to $40, a 24.5% cut. The new target suggests a 21.1% upside from the Oct 29 close of $33.03. Recent analyst price targets for the company range from $40 to $50.
1 min readMizuho kept its Outperform rating on Allegro Microsystems but reduced its price target from $58 to $46, a 20.7% cut. The new target suggests a 39.3% upside from the Oct 29 close of $33.03. Recent analyst price targets for the company range from $40 to $50.
1 min readNeedham kept its Buy rating on Allegro Microsystems but reduced its price target to $50 from $57, citing a 12.3% decrease. The new target suggests a 51.4% upside from the Oct 29 close of $33.03. Recent analyst price targets for the company range from $40 to $50.
1 min readAllegro MicroSystems (ALGM) reported Q2 FY27 results exceeding guidance, with $277M in sales and $0.26 EPS. Despite 29% YoY sales growth and 7% sequential growth, shares fell 11.2% to $31.41. The company highlighted strong design wins and a $13.7B addressable market, with growth driven by xEV, ADAS, and data centers.
2 min readAllegro MicroSystems (ALGM) reported Q3 revenue of $276.9M, beating estimates by 2.1%, with adjusted EPS of $0.26, a 6.3% beat. Adjusted EBITDA was $69.23M, a 6.1% beat. Q4 guidance is $283M in revenue and $0.27 in adjusted EPS, both above estimates. Inventory levels improved, with days outstanding down to 117 from 128.
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