ALGM

In the past six months, Allegro MicroSystems experienced several notable stock events. On May 7, 2026, the company announced strong Q4 FY2026 earnings, reporting a fifth consecutive quarter of sales growth and nearly tripling non-GAAP EPS year-over-year, with Q1 FY2027 net sales guidance of $245 million to $255 million. On July 2, 2026, Allegro unveiled the industry's first safety PMIC to integrate a wheel-speed sensor interface for electromechanical braking. The Q1 FY2027 earnings report on July 30, 2026, showed EPS of $0.23 and revenue of $259.24 million, both beating estimates, marking the sixth consecutive quarter of sales growth driven by data center, automotive, and industrial segments. Despite strong operating performance, the stock experienced significant volatility, reaching a 52-week high of $71.77 on June 29, 2026, but then falling over 50% by mid-September 2026 due to broader semiconductor and AI-related stock sell-offs, profit-taking, and valuation concerns. Allegro MicroSystems holds a consensus rating of 'Moderate Buy' with an average price target of $53.45, as analysts note strong demand signals in industrial automation and data center markets as catalysts for future growth.