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UBS's Timothy Arcuri raised their price target on Allegro Microsystems (NASDAQ: ALGM) by 13.6% from $22 to $25 on 2025/05/10. The analyst maintained their Strong Buy rating on the stock.

Allegro Microsystems reported its Q4 and FY 2025 earnings.

Following an assessment of the print, Arcuri said the "fundamentals are moving in the right direction."

Earnings Report

Allegro Microsystems reported:

For Q4 2025:

• EPS of $0.06, which beat the Zacks Consensus Estimate of $0.05 but missed, by 76%, Q4 2024’s $0.25.
• Revenue of $192.82M, which beat the Zacks Consensus Estimate by 4.44% but missed, by 19.9%, Q4 2024’s $240.58M.

For FY 2025:

• EPS of $0.24, down 82.2% Y/Y.
• Revenue of $725M, down 30.9% Y/Y.

For Q1 2026, management guided:

• EPS of $0.06 to $0.10.
• Revenue of $192M to $202M.

President & CEO Mike Doogue commented: “During Q4, we delivered on our commitments with sales of $193M, up 8% Q/Q, and non-GAAP EPS of $0.06.

“While the environment remains dynamic, we are encouraged by the positive momentum we are seeing across the business and the signals we are seeing from our customers. 

“We are taking actions to accelerate growth in strategic focus areas, secure important customer wins and drive operating efficiencies, while improving profitability. 

“As Allegro’s CEO, I am excited to leverage the breadth and depth of my experience to help accelerate our path toward our target financial model and unlock additional shareholder value.”