STOCK TITAN

Allegro MicroSystems (ALGM) Stock News

ALGM NASDAQ

Allegro MicroSystems develops power and sensing semiconductor solutions for motion control and energy-efficient systems, including magnetic sensing devices, sensor ICs and application-specific analog power ICs used in automotive, clean energy, industrial automation, AI data center and robotics applications.

Recurring news for ALGM covers quarterly and fiscal-year results, business outlook, product launches and portfolio expansions. Company updates include Hall-effect and TMR current sensors such as ACS37017, ACS37100 and ACS37200, Power-Thru isolated SiC gate drivers, term-loan financing actions, leadership appointments, analyst-day materials and strategy discussions tied to electrification, automation and high-voltage power conversion.

Rhea-AI Summary

Allegro MicroSystems (Nasdaq: ALGM) expanded its automotive power and sensing portfolio for advanced driver assistance systems using 12V and 48V architectures. The offering includes AMD89106 and AMD89186 gate drivers, the A17810 inductive torque sensor and the A81481 power management integrated circuit.

The gate drivers share circuit-board footprints and register maps, allowing reuse of motor-control board designs and software across voltage platforms. The A17810 measures torque without magnets and is AEC-Q100 Grade 0 qualified. The A81481 combines power regulators and safety diagnostics in one device; Allegro says it can reduce 48V power-architecture component costs by up to 50%. The portfolio addresses steering and braking applications. Samples and evaluation support information are available through the company’s automotive website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.24%
Tags
none
-
Rhea-AI Summary

Allegro MicroSystems (Nasdaq: ALGM) reported fiscal second-quarter 2027 sales of $277 million, up 29% from a year earlier. For the quarter ended September 25, 2026, GAAP diluted earnings per share rose to $0.12 from $0.03. Automotive sales increased 11%, while Industrial and Other sales grew 79%. GAAP gross margin reached 49.2%, versus 46.3%, and operating margin rose to 12.8% from 2.9%.

Allegro expects third-quarter sales of $278 million to $288 million and adjusted diluted earnings per share of $0.25 to $0.29 for the period ending December 25, 2026. Quarterly operating cash flow increased to $36.848 million, although six-month operating cash flow fell to $58.837 million from $81.980 million. After quarter-end, Allegro made a $25 million voluntary debt repayment on September 30, 2026. Quarterly design wins increased nearly 40% year over year, and bookings rose for the eighth consecutive quarter.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.62%
Tags
-
Rhea-AI Summary

Allegro MicroSystems (ALGM) introduced current sensors, a gate driver and an updated motor driver for AI data center power and cooling systems. The portfolio includes wide-body ACS37030 and ACS37002 current sensors, the AHV85311 isolated gate driver and the updated QuietMotion A89333 motor driver, addressing 800V power distribution and 48V cooling.

Allegro said the products help designers manage energy use, heat and equipment size. The sensors are now available in packages providing 6000V of electrical isolation. Acbel Polytech has integrated Allegro’s high-speed current sensors into its latest high-density power solutions for AI data centers.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.14%
Tags
AI
Rhea-AI Summary

Allegro MicroSystems (ALGM) is expanding its robotics portfolio with 48V power management and precision sensing products for humanoid robots. The lineup includes the A81481 power management chip, A17802 and A17803 inductive position sensors, and CT310 and A33023 angle sensors. Allegro says the A81481 integrates power regulation and safety diagnostics while reducing total system footprint and component costs by roughly 50%.

The inductive sensors target high-torque joints, including shoulders, hips and knees, while the angle sensors address tighter spaces in robotic hands and fingers. Sarcomere Dynamics said its partnership integrates Allegro motion controllers, sensors and power chips into its Scorpion gripper, with an extension to its next-generation ARTUS Dex robotic hand on track. That hand has 24 degrees of freedom.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.23%
Tags
AI
-
Rhea-AI Summary

Allegro MicroSystems (ALGM) plans to release its second-quarter fiscal 2027 financial results before the market opens on October 29, 2026.

CEO Mike Doogue and CFO Derek D’Antilio will host a conference call at 8:30 a.m. Eastern Time that day to discuss results and the business outlook. A live and archived audio webcast will be available on the company’s investor website for at least 90 days.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.05%
Tags
earnings date
-
Rhea-AI Summary

Allegro MicroSystems (Nasdaq: ALGM) reported fiscal Q1 2027 net sales of $259.2 million, up 27% year-over-year, driven by automotive revenue of $165.3 million (+15%) and industrial/other revenue of $93.9 million (+59%). GAAP gross margin increased to 48.5% and GAAP operating margin to 9.8%. GAAP diluted EPS improved to $0.08 from a $0.07 loss, while non-GAAP diluted EPS rose to $0.23 from $0.09.

According to Allegro, non-GAAP gross margin reached 51.1% and non-GAAP operating margin 19.4%. Data center applications represented a record 17% of total sales, with continued strength in xEV and ADAS. For Q2 FY27, the company guides net sales to $265–$275 million (midpoint +26% YoY) and non-GAAP diluted EPS of $0.23–$0.26, with the midpoint implying an 88% year-over-year increase.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.80%
Tags
Rhea-AI Summary

Clean Harbors (NYSE: CLH) appointed long-time independent director Robert Willett as Chairman of the Board, effective immediately, completing the transition initiated in May when Founder and Executive Chairman Alan S. McKim announced his decision to retire from the Board after more than 40 years of service.

According to Clean Harbors, McKim founded the company in 1980 and led its development into a leading North American environmental and industrial services provider. Willett has served on the Clean Harbors board since 2019 and previously spent 14 years as CEO of Cognex Corporation, during which Cognex expanded its global footprint and nearly tripled revenue. Management highlights Willett’s operating background, capital allocation discipline and familiarity with Clean Harbors’ strategy and governance as key assets for his new leadership role alongside co-CEOs Eric Gerstenberg and Mike Battles.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.82%
Tags
none
-
Rhea-AI Summary

Allegro MicroSystems (Nasdaq: ALGM) plans to release its first quarter fiscal year 2027 financial results before the market opens on Thursday, July 30, 2026. Management will host an earnings conference call at 8:30 a.m. ET, with live and archived webcasts available to investors.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.49%
Tags
earnings date
-
Rhea-AI Summary

Allegro MicroSystems (Nasdaq: ALGM) introduced the A81415, described as the industry's first ASIL-D-certified safety PMIC integrating a wheel-speed sensor interface for electromechanical braking and brake-by-wire systems.

The single-chip design can eliminate up to nine external components, save up to $4 semiconductor BOM per vehicle, free over 50% PCB area, and offers a 12V-to-48V scalable architecture when paired with the APM81815 pre-regulator.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.21%
Tags
none
Rhea-AI Summary

Allegro MicroSystems (Nasdaq: ALGM) appointed Brian C. White to its Board of Directors as an independent director, effective June 17, 2026.

White brings over 30 years of semiconductor and high-tech leadership, including CFO roles at Ambarella, Maxim Integrated Products, and Integrated Device Technology, plus deep experience in financial strategy, governance, and corporate development.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.30%
Tags
management

FAQ

What is the current stock price of Allegro MicroSystems (ALGM)?

Allegro MicroSystems (ALGM) last closed at $28.17.

What is the market cap of Allegro MicroSystems (ALGM)?

The market cap of Allegro MicroSystems (ALGM) is approximately $5.3B.