Allegro Microsystems Inc expected to post earnings of 24 cents a share - Earnings Preview

What happened

Allegro Microsystems is expected to report quarterly revenue of $270.815 million, a 26.4% rise from a year ago, when it posts results on October 29 for the period ending September 30 2026. Analysts expect earnings of 24 cents a share.

Confirmed

Global impact / market context

Allegro's expected 24 cents per share and 26.4% revenue growth signal rising demand for its chips. If this is delivered, it supports profit growth and the buy-rated stock, which closed at $32.32 versus a $53.00 median analyst price target.

Analyst inference

Analysts expect revenue between $265.00 million and $275.00 million, matching company guidance, with gross profit margin guided between USD50.75% and USD51.75%. The 12-month median price target of $53.00 implies about 64% upside from the $32.32 closing price.

Analyst inference

What to watch

1. Watch whether reported revenue lands within company guidance of $265.00 million to $275.00 million and near the $270.815 million analyst mean, since sales drive revenue growth and profit per sale expectations. Confirmed
2. Watch whether the company converts expected sales growth into profit per sale within guided gross profit margin of USD50.75% to USD51.75%, which means the share of each sale kept after direct costs. Proposed
3. Watch whether earnings per share reach 24 cents; a miss could challenge the buy rating and the $53.00 median price target, which sits about 64% above the last close of $32.32. Analyst inference

Evidence

• Original source link unavailable