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ALGM

Allegro MicroSystems, Inc.

ALGM

Allegro MicroSystems, Inc. • NASDAQ
$26.69 ▲ 3.37% (+0.87)
Market Cap $4.94 B
52w High $38.45
52w Low $16.38
Dividend Yield 0%
P/E -166.81
Volume 574.56K
Outstanding Shares 185.03M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $214.294M ▲ $90.243M ▼ $6.519M ▲ 3.042% ▲ $0.035 ▲ $22.854M ▲
Q1-2026 $203.405M ▲ $94.042M ▲ $-13.227M ▲ -6.503% ▲ $-0.072 ▲ $12.582M ▲
Q4-2025 $192.824M ▲ $93.077M ▲ $-14.8M ▼ -7.675% ▼ $-0.08 ▼ $4.36M ▼
Q3-2025 $177.872M ▼ $81.256M ▼ $-6.86M ▲ -3.857% ▲ $-0.037 ▲ $16.283M ▲
Q2-2025 $187.391M $81.595M $-33.675M -17.97% $-0.18 $-16.733M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $117.492M ▼ $1.384B ▼ $438.499M ▼ $945.829M ▲
Q1-2026 $129.106M ▲ $1.389B ▼ $464.951M ▼ $922.653M ▼
Q4-2025 $121.334M ▼ $1.421B ▼ $489.861M ▼ $929.555M ▼
Q3-2025 $138.452M ▼ $1.442B ▼ $507.314M ▼ $934.426M ▼
Q2-2025 $188.751M $1.492B $553.409M $937.314M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $6.519M ▲ $20.362M ▼ $-6.444M ▲ $-26.523M ▲ $-12.565M ▼ $13.918M ▼
Q1-2026 $-13.162M ▲ $61.618M ▲ $-10.6M ▼ $-44.19M ▼ $8.272M ▲ $51.018M ▲
Q4-2025 $-14.8M ▼ $20.353M ▲ $-6.571M ▲ $-32.853M ▼ $-17.855M ▲ $14.962M ▲
Q3-2025 $-6.799M ▲ $-8.183M ▼ $-13.296M ▼ $-25.917M ▼ $-50.076M ▼ $-21.798M ▼
Q2-2025 $-33.613M $15.547M $-9.972M $7.086M $14.861M $5.575M

Revenue by Products

Product Q3-2025Q4-2025Q1-2026Q2-2026
Magnetic Sensors And Other
Magnetic Sensors And Other
 $110.00M ▲$120.00M ▲$130.00M ▲$130.00M ▲
Power Integrated Circuits
Power Integrated Circuits
 $60.00M ▲$80.00M ▲$70.00M ▼$80.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Allegro’s income statement shows a company that grew steadily for several years, then hit a softer patch in the most recent period. Revenue climbed strongly from its IPO years through last year, with healthy gross margins, but the latest year shows a noticeable step down in sales and profitability. Operating profit, which had been consistently positive and improving, slipped into a small loss, and net income turned negative. This suggests a mix of end‑market weakness, higher costs, or investment spending weighing on near‑term results. Overall, it looks like a quality business going through a cyclical or transition-driven earnings dip rather than a structurally weak model, but the pressure on margins is worth watching.

Balance Sheet

Balance Sheet The balance sheet still looks reasonably solid but clearly more leveraged than a few years ago. Total assets have grown meaningfully since the IPO, reflecting expansion and acquisitions, though they dipped slightly in the latest year. Cash balances have trended down from earlier highs, while debt has increased from almost negligible levels to a more noticeable, but still manageable, amount. Equity has built up over time from retained profits, then slipped recently as losses and deal-related effects flowed through. In simple terms, Allegro has moved from a very conservative, almost debt‑free position toward a more typical growth‑oriented balance sheet, with some reduction in cushion compared with its earlier years.

Cash Flow

Cash Flow Cash generation has been consistently positive but recently weakened. Operating cash flow grew nicely for several years, then dropped sharply in the latest period, echoing the decline in earnings and possibly some working capital pressure. Free cash flow stayed positive throughout the five‑year stretch, which is a key strength, but has shrunk to a modest level most recently. Capital spending ramped up as the company invested in capacity and technology, then was pulled back somewhat in the latest year, likely to protect cash. Overall, Allegro still funds itself from its operations, but it has less cash flow headroom today than during its peak growth phase.

Competitive Edge

Competitive Edge Competitively, Allegro occupies an attractive, specialized niche rather than trying to be a broad, general‑purpose chip maker. It is a leader in magnetic sensor and power IC solutions, especially for demanding automotive uses, where reliability and long qualification cycles make it hard for new entrants to displace incumbents. Deep application know‑how, close ties with major auto and industrial customers, and a large patent portfolio give it a defensible position. The focus on long‑life automotive programs and industrial applications provides some stability, even though the wider semiconductor industry remains cyclical. Overall, its moat is based more on engineering depth, customer integration, and qualification hurdles than on sheer scale.

Innovation and R&D

Innovation and R&D Innovation is a core part of Allegro’s story. The company has built strong capabilities in magnetic sensing technologies and power management, then reinforced this with the acquisition of Crocus Technology to boost its next‑generation TMR sensor offerings. Its “automotive‑first” design philosophy means products are engineered to high reliability standards, then reused across industrial, clean energy, and automation markets. Allegro is actively developing solutions tied to key growth themes such as electric vehicles, advanced driver assistance, higher‑voltage power systems, and silicon‑carbide‑based power electronics. This ongoing R&D push and targeted M&A suggest a deliberate effort to stay at the forefront of its chosen niches rather than competing on price alone.

Summary

Allegro has evolved quickly since going public, riding strong demand in its sensor and power IC markets and then facing a more challenging recent year. The business model appears sound, with a clear focus on automotive and industrial applications where its technology and customer relationships matter most. Financially, the company shifted from rapid, profitable growth to a period of lower revenue, margin compression, and weaker cash flow, while also taking on more debt and drawing down some of its cash. At the same time, it has deepened its technological edge and aligned itself with long‑term trends like electrification, automation, and energy efficiency. The key questions going forward are how quickly end‑market demand and margins recover, and how effectively Allegro converts its strong innovation pipeline into renewed, sustainable profit growth without overstretching its balance sheet.

NEWS

November 25, 2025 · 4:05 PM UTC

Allegro MicroSystems to Present at the 53rd Annual Nasdaq Investor Conference held in Association with Morgan Stanley Wednesday, December 10, 2025

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October 30, 2025 · 7:00 AM UTC

Allegro MicroSystems Reports Second Quarter 2026 Results

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October 21, 2025 · 8:30 AM UTC

Allegro MicroSystems Unveils Industry's First Production-Ready 10 MHz TMR Current Sensor, Enabling Optimal Protection and Control of Wide Bandgap Power Electronics

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October 14, 2025 · 8:00 AM UTC

Allegro MicroSystems Appoints Troy Coleman as Senior Vice President, General Manager, Products

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October 9, 2025 · 8:00 AM UTC

Allegro MicroSystems to Announce Second Quarter Fiscal Year 2026 Financial Results

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