Stock Track | Allegro MicroSystems Plunges 5.10% in Pre-Market on Negative Q4 Earnings Despite Sales Beat

Stock Track05-07

Allegro MicroSystems, Inc. (ALGM) experienced a pre-market plunge of 5.10% on Thursday, as the stock declined sharply ahead of the regular trading session.

The decline follows the company's release of its fourth quarter and fiscal year 2026 results. While Allegro reported quarterly sales of USD 243.187 million, beating the IBES estimate of USD 235.9 million, it posted a quarterly loss per share of USD -0.09. The company's operating margin for the quarter was 2.2%, with a gross margin of 47%.

The negative earnings per share, despite the revenue outperformance, appears to be the primary factor driving investor sentiment and the stock's downward movement in pre-market trading.

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