On August 4, Allegro MicroSystems, Inc. rose 5.96% in regular trading, trading at $42.945/share, with turnover of $4.1524 million.
The continued rally is driven by the company's Q1 earnings released on July 30, which beat market expectations. Adjusted EPS came in at $0.23, surpassing the consensus estimate of $0.21, while revenue of $259.243 million exceeded the $251.554 million estimate. Non-GAAP gross margin improved to 51.1%, with non-GAAP operating margin reaching 19.4%. The data center segment now accounts for 17% of total revenue, while xEV and ADAS businesses maintained strong growth momentum.
The company issued Q2 revenue guidance of $265 million to $275 million, implying approximately 26% year-over-year growth at the midpoint. Although the stock initially declined 5.59% on earnings day against the broader sector trend, the market has since steadily digested the positive results. Combined with a broadly supportive semiconductor sector environment — with peers Marvell Technology up 11.27%, Intel up 7.51%, and Micron Technology up 6.09% — the stock has entered a recovery phase.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments