Allegro Microsystems vs Semtech
Semtech is the larger business, with $1.05bn of revenue in fiscal 2026 against $890m for Allegro Microsystems (1.2 times as much). Allegro Microsystems grew faster (22.8% against 15.5%). Allegro Microsystems kept more of each dollar of sales as profit: a net margin of -1.7% against -3.8%.
| Latest fiscal year | Allegro MicrosystemsALGM, 2026 | SemtechSMTC, 2026 |
|---|---|---|
| Revenue | $890m | $1.05bn |
| Revenue growth | 22.8% | 15.5% |
| Net income | −$14.9m | −$40.4m |
| Operating margin | 2.1% | — |
| Net margin | -1.7% | -3.8% |
| Return on equity | -1.6% | -7.4% |
| Free cash flow | $125m | $171m |
| Cash | $169m | $195m |
| Total debt | $287m | $491m |
| Debt to equity | 30.1% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $0 | — |
| Employees | 4,250 | 977 |
| Market value | $6.28bn | $11.83bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 43 (Weak) | 38 (Weak) |
| Insider trades, 12 months | 0 buys, 13 sales | 0 buys, 60 sales |