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| Raubacher JennieDirector | Sell | 1,000 | $45.3K | Mon, Aug 17 |
| Gilbert Cisneros | Buy | $8.0K | Tue, Sep 29 | Fri, Oct 9 |
Chip designer Allegro MicroSystems (NASDAQ:ALGM) reported revenue ahead of Wall Street’s expectations in calendar Q3 2026 (fiscal Q2 2027), with sales up 29.2% year on year to $276.9 million.
Allegro MicroSystems reported Q2 FY27 sales of US$276.88 million and net income of US$23.26 million, beating earnings expectations and issuing Q3 guidance for US$278 million to US$288 million in net sales, supported by automotive and data center demand.
Key TakeawaysAllegro MicroSystems fell 7%, even though sales rose 29% to $277 million and beat estimates. Its guidance implies year-over-year sales growth slowing to 23% next quarter, from 29%.
Allegro MicroSystems (NASDAQ:ALGM) reported continued sales and booking momentum in its fiscal second quarter of 2027, with revenue exceeding the high end of its guidance range and growth across automotive, industrial and data center markets.
Conestoga Capital Advisors, an asset management company, released its third-quarter 2026 investor letter. The letter can be downloaded here.
Chip designer Allegro MicroSystems (NASDAQ:ALGM) beat Wall Street’s revenue expectations in calendar Q3 2026 (fiscal Q2 2027), with revenue up 29.2% year on year to $276.9 million.
Allegro MicroSystems (ALGM) delivered earnings and revenue surprises of +4.00% and +2.09%, respectively, for the quarter ended September 2026. Do the numbers hold clues to what lies ahead for the stock?
Chip designer Allegro MicroSystems (NASDAQ:ALGM) will be reporting results this Thursday before market open. Here’s what to expect.