🔴 Allegro Microsystems is trading 8.11% down as broader risk-off sentiment may add pressure

Allegro Microsystems is trading at $32.50 (-8.11%) on October 29, 2026, with broader risk-off sentiment possibly adding pressure despite strong results.

• The company reported $277 million in revenue, up 29% year over year, and non-GAAP EPS of $0.26. Its next-quarter revenue outlook was $278 million–$288 million.
• The results do not directly explain the drop; the Nasdaq was down 1.44% in the provided market context.