Allegro MicroSystems (ALGM) reported fiscal second-quarter net sales of $276.9 million, up 29% from $214.3 million a year earlier. GAAP net income was $23.3 million, compared with $6.6 million in the prior-year quarter, while GAAP diluted earnings per share were $0.12 versus $0.03.
The company reported record Industrial & Other and data center sales. For the fiscal third quarter ending December 25, 2026, Allegro forecast net sales of $278 million to $288 million.
- Automotive sales were $172.5 million, up 11% year over year.
- Industrial and Other sales were $104.4 million, up 79% year over year.
- GAAP gross margin was 49.2%, compared with 46.3% a year earlier.
- GAAP operating income totaled $35.4 million, compared with $6.2 million a year earlier.
- Allegro made a $25 million voluntary debt repayment on September 30, after the quarter ended.
$ALGM Insider Trading Activity
$ALGM insiders have traded $ALGM stock on the open market 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $ALGM stock by insiders over the last 6 months:
- MICHAEL DOOGUE (President and CEO) sold 30,089 shares for an estimated $1,421,250
- SUSAN D LYNCH sold 16,711 shares for an estimated $759,625
- SHARON BRIANSKY (SVP, GC and Secretary) sold 8,948 shares for an estimated $425,379
- RICHARD MADORMO (SVP, Worldwide Sales) sold 5,000 shares for an estimated $263,600
- ROALD GRAHAM WEBSTER (VP, Chief Accounting Officer) sold 5,217 shares for an estimated $234,165
- IAN KENT (SVP, Global Operations) sold 2,642 shares for an estimated $109,801
- ERIN HAGEN (SVP, CHRO) sold 2,285 shares for an estimated $101,431
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$ALGM Hedge Fund Activity
We have seen 208 institutional investors add shares of $ALGM stock to their portfolio, and 165 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JPMORGAN CHASE & CO added 12,723,790 shares (+inf%) to their portfolio in Q2 2026, for an estimated $885,830,259
- INVESCO LTD. added 4,926,912 shares (+56.3%) to their portfolio in Q2 2026, for an estimated $343,011,613
- PRICE T ROWE ASSOCIATES INC /MD/ added 3,596,489 shares (+3160.4%) to their portfolio in Q2 2026, for an estimated $250,387,564
- FMR LLC removed 1,840,185 shares (-6.7%) from their portfolio in Q2 2026, for an estimated $128,113,679
- BLACKROCK, INC. added 1,394,456 shares (+11.2%) to their portfolio in Q2 2026, for an estimated $97,082,026
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 1,374,198 shares (+1983.1%) to their portfolio in Q2 2026, for an estimated $95,671,664
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,360,525 shares (+inf%) to their portfolio in Q2 2026, for an estimated $94,719,750
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$ALGM Congressional Stock Trading
Members of Congress have traded $ALGM stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $ALGM stock by members of Congress over the last 6 months:
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 09/29.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
