ALGM · PEAD ↓ 100

Allegro MicroSystems reported Q4 FY2026 EPS of $0.17 on 2026-05-07, beating the $0.16 consensus by $0.01 (+6.25%); prior-year comparable EPS was not available in our feed.

Print-day reaction was −6.7% versus the prior close, a sharp negative move despite the modest EPS beat, as the market sold the news on open. The overnight gap to T+1 open recovered +2.6%, suggesting some initial buyer interest after the dust settled. Over the subsequent two trading days (T+1 close through T+3 close), the drift extended further to −6.3%, erasing the overnight recovery and confirming the downside bias. Cumulative abnormal return of −11.3% versus SPY.US firmly places this in PEAD short territory; per the documented drift pattern, the read holds through 2026-08-04.