Allegro MicroSystems (ALGM) To Release its FQ2 2026 Results on October 30, Here’s What to Expect

Allegro MicroSystems, Inc. (NASDAQ:ALGM) is one of the Best Small-cap EV Stocks to Buy According to Analysts. Allegro MicroSystems, Inc. (NASDAQ:ALGM) is expected to release its fiscal second quarter results for 2026 on October 30, 2025. Wall Street has been bullish on the stock ahead of the company’s earnings release.

The company topped expectations during the FQ1 2026 results. Its revenue of $203.41 million grew 21.86% year-over-year, exceeding the expectations by $5.18 million. Moreover, the EPS of $0.09 also came in ahead of the consensus by $0.01. Management also released its outlook for the second quarter, noting that it expects net sales for the quarter to be in the range of $205 million to $215 million, the midpoint of which reflects 12% year-over-year growth. In addition, the gross margins are also expected to stay high between 48% and 50%.

On September 5, Thomas O’Malley from Barclays reiterated a Buy rating on the stock with a price target of $30. More recently, on September 11, Joshua Buchalter from TD Cowen also reiterated a Buy rating on the stock with a price target of $37.

Allegro MicroSystems, Inc. (NASDAQ:ALGM) is a technology company that develops power and sensing semiconductor solutions for motion control and energy-efficient systems.

While we acknowledge the potential of ALGM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ALGM and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.