ALGM News | Roxom Stocks

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AL

Mkt Cap

$6.03B

Volume

2.16M

Next Earnings

October 29th

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Strength Seen in Allegro MicroSystems (ALGM): Can Its 8.7% Jump Turn into More Strength?Allegro MicroSystems (ALGM) rallied 8.7% to $39.53, driven by strong growth in its data center business fueled by AI server demand and multiple design wins in data center and robotics. The company expects Q1 FY2027 EPS of $0.25 (+92.3% YoY) and revenues of $271.21M (+26.6% YoY). However, with unchanged earnings estimate revisions over the past 30 days, analysts caution that sustained momentum may require further positive estimate revisions. ALGM carries a Zacks Rank #3 (Hold).Zacks Investment Research · Oct 5, 2026

Allegro MicroSystems Appoints Brian White to its Board of DirectorsAllegro MicroSystems announced the appointment of Brian C. White as an independent director effective June 17, 2026. White brings over 30 years of semiconductor industry experience, including CFO roles at Ambarella, Maxim Integrated Products, and Integrated Device Technology. His expertise in financial strategy, governance, and capital allocation is expected to support Allegro's growth in AI data centers, robotics, and automotive markets.GlobeNewswire Inc. · Jun 18, 2026

Nasdaq 100 Hits Record Above 30,000 On Micron's 18% Rally: Stock Market TodayThe Nasdaq 100 crossed 30,000 during intraday trading as semiconductor stocks surged, led by Micron Technology's 18% gain following a UBS analyst price target hike to $1,625. The rally was driven by increased AI spending expectations from hyperscalers, with chip stocks dominating market leadership. The S&P 500 rose 0.6%, while the Russell 2000 outperformed with a 1.7% gain. AutoZone plunged 10.1% after missing revenue estimates despite beating EPS.Benzinga · May 26, 2026

Allegro MicroSystems to Present at TD Cowen’s 54th Annual Technology, Media & Telecom Conference on Wednesday, May 27, 2026Allegro MicroSystems announced it will present at TD Cowen's 54th Annual Technology, Media & Telecom Conference on May 27, 2026, with CFO Derek D'Antilio participating in a fireside chat. The company reported strong financial performance with Q4 2026 sales up 26% year-over-year to $243 million and full-year 2026 sales up 23% to $890 million.GlobeNewswire Inc. · May 13, 2026

Allegro MicroSystems to Announce Fourth Quarter and Fiscal Year 2026 Financial ResultsAllegro MicroSystems announced it will release its fourth quarter and fiscal year 2026 financial results on May 7, 2026, prior to market open. CEO Mike Doogue and CFO Derek D'Antilio will host a conference call at 8:30 a.m. ET to discuss results and business outlook. The company will provide a live webcast and archived audio accessible for 90 days.GlobeNewswire Inc. · Apr 16, 2026

Tech Stocks Rebound, Crude Rallies Above $64 On Iran Tensions: What's Moving Markets Wednesday?Tech stocks rebounded on Wednesday with the Nasdaq 100 jumping 1.4% past 25,000, led by software stocks. Cadence Design Systems surged nearly 10% after beating revenue estimates and projecting strong 2026 growth. Commodity markets rallied amid Middle East tensions, with oil climbing above $64 per barrel and gold surging past $5,000. However, Palo Alto Networks fell 6% despite beating quarterly expectations due to trimmed profit outlook.Benzinga · Feb 18, 2026

Allegro MicroSystems Appoints Ian Kent, Senior Vice President, Operations and Jamie Haas Vice President, Chief Technology OfficerAllegro MicroSystems promoted Ian Kent to Senior Vice President of Operations and Jamie Haas to Vice President and Chief Technology Officer. Kent will oversee worldwide manufacturing, quality, and supply chain operations, while Haas will lead technology vision and AI product strategy. Both promotions reflect the company's focus on executing its long-term strategy with experienced leadership.GlobeNewswire Inc. · Feb 3, 2026

Stocks Drop, Energy Sector Rises As Crude Eyes 6th Day Of Gains: What's Moving Markets Wednesday?U.S. stock markets declined on Wednesday as technology and financial sectors weakened amid uncertainty over a Supreme Court ruling on Trump's tariffs. The Nasdaq 100 fell over 1.5%, led by semiconductor losses. However, the energy sector surged over 2.4% as crude oil climbed toward a sixth consecutive day of gains. Commodities like gold and silver also rallied, while Bitcoin rose to $97,000.Benzinga · Jan 14, 2026

Shares Down, Price Targets Up: 3 Stocks Upgraded After +10% DropsThree tech stocks (Allegro Microsystems, eBay, and Impinj) experienced significant stock price drops after earnings reports, but analysts remain bullish, raising price targets and suggesting potential investment opportunities.Investing.com · Nov 11, 2025

Allegro MicroSystems to Announce Second Quarter Fiscal Year 2026 Financial ResultsAllegro MicroSystems plans to release its Q2 fiscal year 2026 financial results on October 30, 2025, with a conference call hosted by its President and CFO to discuss results and business outlook.GlobeNewswire Inc. · Oct 9, 2025

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