ALGM - Allegro MicroSystems, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$52.57
DETAILS
HIGH:
$62.00
LOW:
$45.00
MEDIAN:
$53.00
CONSENSUS:
$52.57
UPSIDE:
14.41%
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 890.1 | 725.0 | 1,049.4 | 973.7 | 768.7 | 591.2 | 650.1 | 724.3 |
| Cost of Revenue | 477.5 | 403.5 | 474.8 | 427.6 | 361.2 | 312.3 | 388.8 | 404.5 |
| Gross Profit | 412.6 | 321.5 | 574.5 | 546.1 | 407.5 | 278.9 | 261.3 | 319.8 |
| Operating Expenses | ||||||||
| R&D Expenses | 198.7 | 179.6 | 176.6 | 150.8 | 121.9 | 108.6 | 102.1 | 107.6 |
| SG&A Expenses | 171.3 | 161.7 | 188.4 | 194.7 | 150.9 | 153.5 | 106.4 | 112.2 |
| Other Expenses | 0 | 0 | 13.2 | (2.8) | 0 | 4.6 | 0 | 0 |
| Operating Expenses | 370.0 | 341.3 | 378.3 | 342.8 | 272.8 | 266.7 | 208.4 | 219.8 |
| Operating Income | ||||||||
| Operating Income | 42.7 | (19.8) | 196.2 | 203.3 | 136.7 | 12.2 | 52.8 | 100.0 |
| Interest Expense | 33.4 | 30.4 | 10.8 | 2.3 | 2.5 | 3.8 | 0.1 | 1.2 |
| Interest Income | 0 | 1.5 | 3.1 | 1.7 | 1.4 | 1.2 | 0 | 0 |
| Profitability | ||||||||
| EBITDA | 110.3 | 9.2 | 276.9 | 264.5 | 191.8 | 50.7 | 117.4 | 160.6 |
| EBIT | 42.7 | (55.3) | 205.6 | 213.7 | 143.2 | 2.4 | 53.4 | 100.7 |
| Income Before Tax | (14.9) | (85.7) | 194.8 | 211.3 | 140.7 | (1.5) | 53.3 | 99.4 |
| Income Tax Expense | (0.2) | (12.9) | 41.9 | 23.9 | 21.2 | (19.6) | 16.2 | 14.6 |
| Net Income | (14.9) | (73.0) | 152.7 | 187.4 | 119.4 | 18.0 | 37.0 | 84.7 |
| Per Share Data | ||||||||
| EPS (Basic) | -0.08 | -0.39 | 0.79 | 0.98 | 0.63 | 0.09 | 0.20 | 0.45 |
| EPS (Diluted) | -0.08 | -0.39 | 0.78 | 0.97 | 0.62 | 0.09 | 0.20 | 0.45 |
| Shares Outstanding | 185.3 | 187.7 | 192.6 | 191.2 | 189.7 | 189.6 | 189.4 | 187.7 |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 168.8 | 121.3 | 212.1 | 351.6 | 282.4 | 197.2 | 214.5 | 99.7 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 93.2 | 84.6 | 125.2 | 130.5 | 120.7 | 94.8 | 92.1 | 115.9 |
| Inventory | 181.8 | 183.9 | 162.3 | 151.3 | 86.2 | 87.5 | 127.2 | 130.9 |
| Other Current Assets | 59.9 | 56.5 | 40.7 | 30.4 | 7.4 | 32.6 | 5.4 | 7.3 |
| Total Current Assets | 503.6 | 483.0 | 572.2 | 665.8 | 511.7 | 430.6 | 448.2 | 367.0 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 308.3 | 323.8 | 341.5 | 280.0 | 226.1 | 192.4 | 332.3 | 347.4 |
| Goodwill | 203.3 | 202.5 | 202.4 | 27.7 | 20.0 | 20.1 | 1.3 | 1.3 |
| Intangible Assets | 238.7 | 262.1 | 276.9 | 52.4 | 36.0 | 36.4 | 20.0 | 17.7 |
| Long-Term Investments | 0 | 31.7 | 26.7 | 27.3 | 40.0 | 26.7 | 6.7 | 11.4 |
| Other Non-Current Assets | 82.1 | 49.3 | 56.3 | 77.7 | 40.9 | 14.6 | 2.1 | 2.2 |
| Total Non-Current Assets | 912.6 | 937.9 | 958.4 | 515.3 | 380.9 | 317.1 | 369.6 | 385.2 |
| Total Assets | 1,416.2 | 1,421.0 | 1,530.6 | 1,181.2 | 892.6 | 747.7 | 817.8 | 752.3 |
| Current Liabilities | ||||||||
| Account Payables | 44.4 | 38.7 | 37.6 | 56.3 | 29.8 | 35.4 | 25.3 | 29.1 |
| Short-Term Debt | 1.5 | 1.4 | 3.9 | 0 | 0 | 0 | 68 | 13 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.7 |
| Other Current Liabilities | 100.0 | 14.7 | 64.6 | 20.4 | 13.5 | 35.5 | 5.3 | 3.0 |
| Total Current Liabilities | 145.9 | 112.3 | 117.9 | 165.3 | 104.2 | 116.7 | 150.1 | 103.9 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 285.7 | 344.7 | 249.6 | 25 | 25 | 25 | 17.7 | 29.7 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 2.8 | 0 | 2.9 |
| Other Non-Current Liabilities | 28.1 | 16.0 | 15.0 | 11.0 | 15.3 | 19.1 | 15.9 | 26.0 |
| Total Non-Current Liabilities | 313.8 | 377.6 | 281.0 | 49.0 | 53.0 | 44.1 | 33.6 | 58.6 |
| Total Liabilities | 459.7 | 489.9 | 398.9 | 214.3 | 157.3 | 160.8 | 183.7 | 162.5 |
| Stockholders' Equity | ||||||||
| Common Stock | 1.9 | 1.8 | 1.9 | 1.9 | 1.9 | 1.9 | 0.1 | 0.1 |
| Retained Earnings | (68.5) | (53.6) | 463.0 | 310.3 | 123.0 | 3.6 | 194.4 | 157.4 |
| Accumulated Other Comprehensive Income | (29.2) | (30.8) | (28.8) | (20.8) | (18.4) | (11.9) | (20.0) | (16.3) |
| Total Stockholders' Equity | 956.4 | 929.6 | 1,130.4 | 965.6 | 734.2 | 585.8 | 633.2 | 589.0 |
| Total Liabilities & Equity | 1,416.2 | 1,421.0 | 1,530.6 | 1,181.2 | 892.6 | 747.7 | 817.8 | 752.3 |
| Debt Metrics | ||||||||
| Total Debt | 287.3 | 368.5 | 275.2 | 42.5 | 41.5 | 25 | 85.7 | 42.7 |
| Net Debt | 118.5 | 247.2 | 63.1 | (309.0) | (240.9) | (172.2) | (128.8) | (57.0) |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | (14.9) | (72.8) | 152.7 | 187.5 | 119.6 | 18.1 | 37.1 | 84.8 |
| Depreciation & Amortization | 67.6 | 64.5 | 71.4 | 50.8 | 48.5 | 48.3 | 64.0 | 59.9 |
| Stock-Based Compensation | 0 | 41.9 | 42.5 | 61.8 | 33.5 | 49.9 | 1.4 | 1.4 |
| Change in Working Capital | 55.7 | (8.9) | (94.1) | (55.5) | (53.3) | 4.0 | (20.8) | (32.1) |
| Other Non-Cash Items | 66.6 | 53.5 | 27.9 | (11.3) | 0.3 | 19.2 | 4.6 | 5.0 |
| Operating Cash Flow | 163.1 | 61.9 | 181.7 | 193.2 | 156.1 | 120.6 | 81.4 | 121.1 |
| Investing Activities | ||||||||
| Capital Expenditure | (38.2) | (40.0) | (124.8) | (79.8) | (69.9) | (40.7) | (45.6) | (98.3) |
| Acquisitions | 0 | 0.3 | (408.1) | (19.9) | (14.5) | (27.9) | 3.9 | 0.4 |
| Purchases of Investments | (3.5) | 0 | 0 | 0 | (9.2) | 0 | 0 | (0.4) |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.4 |
| Other Investing Activities | 0 | (1.2) | 16.2 | 0 | 27.4 | 0.3 | 0 | 0.4 |
| Investing Cash Flow | (41.7) | (40.8) | (516.7) | (99.7) | (66.3) | (68.2) | (41.7) | (97.5) |
| Financing Activities | ||||||||
| Net Debt Issuance | (61.4) | 86.9 | 218.8 | (7.5) | (7.5) | (17.3) | 43 | (10) |
| Stock Repurchased | (1.7) | (853.9) | 3.6 | (18.1) | (0.6) | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | (400) | 0 | 0 |
| Other Financing Activities | (17.6) | (14.4) | (23.6) | 5.6 | 2.8 | 23.7 | 39.5 | (30) |
| Financing Cash Flow | (77.4) | (112.1) | 198.9 | (20.0) | (5.3) | (72.2) | 82.5 | (39.7) |
| Cash Position | ||||||||
| Net Change in Cash | 44.2 | (91.1) | (136.5) | 68.9 | 85.9 | (16.0) | 116.6 | (17.0) |
| Cash at Beginning | 131.1 | 222.2 | 358.7 | 289.8 | 203.9 | 219.9 | 103.3 | 120.3 |
| Cash at End | 175.4 | 131.1 | 222.2 | 358.7 | 289.8 | 203.9 | 219.9 | 103.3 |
| Free Cash Flow | 124.9 | 22.0 | 56.9 | 113.4 | 86.2 | 79.9 | 35.8 | 22.8 |
| Key Metrics | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 890.1 | 725.0 | 1,049.4 | 973.7 | 768.7 | 591.2 | 650.1 | 724.3 |
| Gross Profit | 412.6 | 321.5 | 574.5 | 546.1 | 407.5 | 278.9 | 261.3 | 319.8 |
| Operating Income | 42.7 | (19.8) | 196.2 | 203.3 | 136.7 | 12.2 | 52.8 | 100.0 |
| Net Income | (14.9) | (73.0) | 152.7 | 187.4 | 119.4 | 18.0 | 37.0 | 84.7 |
| EPS (Diluted) | -0.08 | -0.39 | 0.78 | 0.97 | 0.62 | 0.09 | 0.20 | 0.45 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 168.8 | 121.3 | 212.1 | 351.6 | 282.4 | 197.2 | 214.5 | 99.7 |
| Total Assets | 1,416.2 | 1,421.0 | 1,530.6 | 1,181.2 | 892.6 | 747.7 | 817.8 | 752.3 |
| Total Debt | 287.3 | 368.5 | 275.2 | 42.5 | 41.5 | 25 | 85.7 | 42.7 |
| Stockholders' Equity | 956.4 | 929.6 | 1,130.4 | 965.6 | 734.2 | 585.8 | 633.2 | 589.0 |
| Cash Flow | ||||||||
| Operating Cash Flow | 163.1 | 61.9 | 181.7 | 193.2 | 156.1 | 120.6 | 81.4 | 121.1 |
| Capital Expenditure | (38.2) | (40.0) | (124.8) | (79.8) | (69.9) | (40.7) | (45.6) | (98.3) |
| Free Cash Flow | 124.9 | 22.0 | 56.9 | 113.4 | 86.2 | 79.9 | 35.8 | 22.8 |