🔴 Allegro Microsystems is trading 5.2% down today on profit-taking despite Q1 beat

Allegro Microsystems is trading at $40.03 (5.2% down) after a sharp post-earnings reversal, as investors engage in profit-taking despite a double-beat on the top and bottom lines.

• The company reported fiscal Q1 2027 revenue of $259.2 million and non-GAAP EPS of $0.23, both of which exceeded analyst expectations.
• Management issued strong Q2 guidance, projecting revenue of $265–$275 million and EPS of $0.23–$0.26, also coming in ahead of consensus estimates.
• Despite positive momentum in AI and data center segments, the stock is pulling back following a multi-day selloff and technical profit-taking around the earnings event.