Allegro Microsystems (ALGM) Jumps to 2-Year High on Swing to Profitability, Strong Sales Outlook [Yahoo! Finance]
Allegro MicroSystems, Inc. (ALGM)
Company Research
Source: Yahoo! Finance
Allegro MicroSystems soared to a two-year high on Thursday after swinging to profitability in the third quarter of the fiscal year and raising its sales outlook for the current quarter. At intra-day trading, the stock jumped to its highest price of $39.89 before trimming gains to finish the session just up by 9.93 percent at $37.98 apiece. A rendering of Allegro's office building. Photo from ALGM website In an updated report, Allegro MicroSystems Inc. (NASDAQ:ALGM) said that it swung to an attributable net income of $8.3 million in the third quarter of the fiscal year ending December 2025, reversing an attributable net loss of $6.86 million in the same period a year earlier. Full-year attributable net income stood at $1.59 million, reversing a $58.2 million net loss in fiscal year 2025. Net sales for the quarter jumped by 29 percent to $229 million from $177.9 million in the same period a year earlier, bringing its full-year net sales higher by 21.5 percent to $646.9 millio
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News
- Allegro MicroSystems Appoints Ian Kent, Senior Vice President, Operations and Jamie Haas Vice President, Chief Technology OfficerGlobeNewswire
- Allegro MicroSystems Sees Industrials Leading Growth [Seeking Alpha]Seeking Alpha
- Allegro MicroSystems: Enthusiastically Pricing In Green Shoots [Seeking Alpha]Seeking Alpha
- Allegro MicroSystems (NASDAQ:ALGM) had its price target raised by analysts at Jefferies Financial Group Inc. from $37.00 to $43.00. They now have a "buy" rating on the stock.MarketBeat
- Allegro MicroSystems (NASDAQ:ALGM) had its price target raised by analysts at Morgan Stanley from $35.00 to $45.00. They now have an "equal weight" rating on the stock.MarketBeat
ALGM
Earnings
- 1/29/26 - Beat
ALGM
Sec Filings
- 2/5/26 - Form SCHEDULE
- 1/30/26 - Form 10-Q
- 1/29/26 - Form 8-K
- ALGM's page on the SEC website