What does Alpha and Omega Semiconductor do and what are its main business segments?

What were the key takeaways from Alpha and Omega Semiconductor’s earnings call?

What were the key takeaways from Alpha and Omega Semiconductor's earnings call?

What is the revenue and EPS growth rate for Alpha and Omega Semiconductor year over year?

What is Alpha and Omega Semiconductor's latest dividend and current dividend yield?

What factors drove the changes in Alpha and Omega Semiconductor's revenue and profit?

What is Alpha and Omega Semiconductor's gross profit margin?

What is the market's earnings forecast for Alpha and Omega Semiconductor next quarter?

- **Q2 Results**: Revenue $162.3M (-6.3% YoY), Non-GAAP EPS loss $0.16, driven by AI data center and smartphone growth.
- **Strategy Focus**: Accelerating R&D (25% YoY) in AI, graphics, and smartphones, with $150M JV sale proceeds.
- **March Quarter Outlook**: Sequential low single-digit decline, June quarter marks growth inflection.
- **Gross Margin**: Q3 margin dip to 21%, rebounding to 24%+ in Q4 as production resumes.
- **Key Risks**: PC market constrained by memory shortages, but BOM content expansion offsets.

**【CEO Summary Section】**
- Q2 2026 revenue: $162.3 million (-6.3% YoY, -11.1% QoQ), driven by AI data center applications and Tier 1 U.S. smartphone growth.
- Non-GAAP gross margin: 22.2% (down 1.9ppts YoY due to cost pressures).
- Key strategic focus: Application-specific total solutions in AI, graphics, and smartphones, with R&D investments accelerating in 2026.
- Share buybacks: $13.9 million (728,000 shares) under $30 million program, $16 million remaining.
- March quarter outlook: Sequential low single-digit decline, with June quarter marking inflection point for growth.

**【CFO Financial Commentary】**
- GAAP net loss: $0.16 per share (vs. $0.13 EPS last quarter).
- Operating cash flow: -$8.1 million (impacted by $8.7 million tax payment on JV sale).
- CapEx: $15 million in Q2, guided to $15-18 million in Q3.
- March quarter guidance: Revenue $160 million ±$10 million, non-GAAP gross margin 21% ±1%, R&D expenses up 25% YoY.

**【Q&A Key Highlights】**
- **AI Expansion**: CEO highlights medium-voltage MOSFETs in hot-swap and intermediate bus converters, with ODM production ramping for hyperscalers.
- **R&D Investment**: CFO confirms 25% YoY increase in R&D, funded by $150 million JV sale proceeds, targeting AI, smartphone, and PC solutions.
- **Gross Margin Outlook**: CFO expects March quarter margin dip (21%) due to Lunar New Year production cuts, rebounding to 24%+ in June.
- **Capacity Utilization**: CFO notes CapEx expansion to support 2026 growth, with focus on high-value applications.
- **PC Market Risks**: CEO acknowledges memory shortages but emphasizes BOM content expansion in Intel's Panther Lake platforms.

Alpha and Omega Semiconductor Limited (AOSL) Q2 2026 Earnings Call Transcript

- **Revenue Resilience**: Q1 2026 revenue of $182.5 million (+3.4% sequential) driven by Computing (+27.1% YoY) and Power IC growth (+37.3% YoY). 
- **Strategic Shift**: 800V DC power architecture for AI data centers opens new market opportunities. 
- **JV Sale Impact**: $176 million from JV sale fuels R&D investment in AI, smartphones, and high-performance computing. 
- **Q2 Outlook**: Sequential decline to $160 million, but Power Supply/Industrial (+mid-single digits) and wearables growth offset PC/graphics card digestion. 
- **Margin Focus**: Gross margin expected to fluctuate with product mix, with long-term focus on higher-margin AI and smartphone solutions.

**【CEO Summary Section】**
- Q1 2026 revenue: $182.5 million (midpoint of guidance), +3.4% sequential, +0.3% YoY. Computing (+27.1% YoY) and Communications (+21.4% sequential) offset weaker Consumer (-25.8% YoY) and Power Supply/Industrial (-12.4% YoY). 
- Power IC revenue record high at $72.7 million (+37.3% YoY), 40% of product revenue. 800V DC power architecture announced for AI data centers, enabling new system designs. 
- Received $94 million from JV sale, investing in R&D for AI, smartphones, and high-performance computing. 
- Q2 guidance: Revenue ~$160 million (-13% sequential), Computing down 20% sequentially due to post-holiday digestion, Power Supply +mid-single digits. 

**【CFO Financial Commentary】**
- Q1 GAAP net income: $18.4 million. Non-GAAP EPS: $0.13 (vs. $0.02 last quarter, $0.21 YoY). Gross margin: 24.1% (vs. 25.5% YoY). 
- Cash balance: $223.5 million (+$70 million YoY). CapEx: $9.8 million (Q1), $14-16 million expected for Q2. 
- Q2 guidance: Gross margin 23%, operating expenses $40.5 million. 

**【Q&A Key Highlights】**
- **Seasonality & Demand**: Q2 decline driven by PC and graphics card digestion, but AI and wearables growth offsetting. ASP erosion ~mid-single digits YoY, but investing in higher-margin AI and smartphone solutions. 
- **800V Architecture**: Strategic shift to 800V DC power for AI data centers, creating new design cycles and opportunities. 
- **JV Proceeds**: $176 million from JV sale used for R&D and expanding into higher-margin applications. 
- **AI Ramp**: Delayed program ramp, but exploring new sockets and customers for AI power solutions. 
- **R&D Investment**: Accelerating R&D to support 2026 growth, with stronger uptrend expected in 2027.

Alpha and Omega Semiconductor Limited (AOSL) Q1 2026 Earnings Call Transcript

- **Record Q4 revenue growth**: $176.5 million (+9.4% YoY), driven by 29.7% YoY jump in Computing segment (AI/graphics power ICs).
- **JV sale windfall**: $150 million from Chongqing JV stake sale to fuel R&D, capacity expansion, and M&A.
- **AI momentum**: 25% of Computing revenue, with new programs offsetting digestion of Q4 shipments.
- **Gross margin resilience**: 24.4% in Q4, expected flat in Q1 2026 as high-margin power ICs maintain mix.
- **Growth catalysts**: Smartphones (Tier 1 U.S. customer), wearables, and expanding AI/graphics portfolio.

**【CEO Summary Section】**
- Q4 2025 revenue: $176.5 million (9.4% YoY, 7.2% sequential growth), driven by Computing segment (52.6% of total revenue) with AI/graphics power ICs up 30.2% YoY.
- Computing segment highlights: 
  - AI/graphics revenue at record high, but expects digestion in Q1 2026 due to initial shipments.
  - Sequential growth from PCs with graphics/AI, offset by tablet decline.
- Consumer segment: 23.9% sequential growth in gaming and wearables, but mid-single-digit decline expected in Q1 2026.
- Strategic JV sale: $150 million from selling 20.3% stake in Chongqing JV, to be used for R&D, capacity expansion, and M&A.

**【CFO Financial Commentary】**
- Non-GAAP EPS: $0.02 (vs. -$0.10 last quarter)
- Gross margin: 24.4% (up from 22.5% last quarter due to power IC mix)
- Operating expenses: $40.9 million (up 3.1% QoQ due to R&D)
- Q1 2026 guidance: Revenue $183 million ±$10M, non-GAAP gross margin 24.4% ±1%.
- Cash balance: $153.1 million (down $16.3 million QoQ)
- CapEx: $14.3 million Q4, $11-13 million expected for Q1 2026.

**【Q&A Highlights】**
- **AI/graphics contribution**: ~25% of Computing segment revenue, with multiple programs in design phase.
- **Gross margin outlook**: Flat in Q1 2026, but improving mix as high-margin power ICs ramp.
- **JV proceeds allocation**: 70% for growth (R&D, capacity), 30% for M&A and shareholder returns.
- **Tariff impact**: Primarily affecting PC customers, driving pull-in demand ahead of potential policy changes.
- **Macroeconomic risks**: Uncertainty in smartphone demand (China) and e-mobility, offset by strength in wearables and AI.

Alpha and Omega Semiconductor Limited (AOSL) Q4 2025 Earnings Call Transcript

- **Revenue Beat**: Q3 $164.6M (+9.7% YoY), Computing segment up 14.8% YoY driven by tablets & AI cards.
- **Gross Margin Recovery**: June Q guidance for 24% Non-GAAP GM (vs. Q3 22.5%), driven by product mix & utilization.
- **AI Growth Engine**: Record graphics/AI card revenue, data center design wins, and 2025 e-mobility expansion.
- **Tariff Impact**: Customers pulling in $6M+ of notebook demand, minimal direct U.S. exposure.
- **Cash & Capacity**: Stable cash flow, 2025 CapEx ~$40-50M, fabs at 80-90% utilization.

**【CEO Business Update】**
- **Q3 Revenue**: $164.6M (YoY +9.7%, QoQ -4.9%), driven by Computing segment growth (+14.8% YoY, +3.6% QoQ). Non-GAAP EPS: -$0.10.
- **Segment Highlights**:
  - **Computing**: Tablets & notebooks saw record demand, graphics/AI cards revenue set new high. June Q guidance: mid-single-digit sequential growth, >15% YoY.
  - **Consumer**: Gaming & home appliances expected +25% QoQ in June Q.
  - **Communications**: U.S. smartphone growth offset China moderation; June Q flat.
  - **Power Supply & Industrial**: E-mobility growth offset quick charger decline; June Q flat.
- **Tariff Impact**: Minimal direct U.S. shipments, but customers pulling in demand amid trade uncertainty.

**【CFO Financial Review】**
- **Q3 Metrics**:
  - Non-GAAP Gross Margin: 22.5% (QoQ -1.7pp due to licensing wind-down).
  - OpEx: $39.7M (flat QoQ).
  - Cash: $169.4M (QoQ -$13.2M due to customer deposit repayments).
- **June Q Guidance**:
  - Revenue: ~$170M ±$10M.
  - Non-GAAP Gross Margin: 24% ±1% (improving from Q3 22.5%).
  - CapEx: $12-14M (calendar 2025: ~$40-50M).
- **Margin Drivers**: Richer product mix, factory utilization (~80-90%).

**【Q&A Key Takeaways】**
1. **Tariff Strategy**: Minimal direct exposure, but customers pulling in $6M+ of notebook demand.
2. **AI Accelerator Growth**: Winning design wins in data centers, shipping multi-phase controllers & power stages.
3. **Competitive Landscape**: ASP erosion offset by new product launches; 20% of wafer capacity sourced from China JV.
4. **Cash Flow**: Stable at ~$17M/quarter (excl. deposits); 2025 CapEx ~$40-50M.
5. **Utilization**: Internal fabs at 80-90%, JV capacity available for growth.


Alpha and Omega Semiconductor Limited (AOSL)-7 May 25-2025 Q3 Earnings call transcript

- **Q2 Results**: Revenue $173.2M (+4.8% YoY), driven by communications (+14.5%) and industrial (+9.6%) segments.
- **AI Growth**: Graphics cards BOM content expanding, AI data center design targeting mid-2025 launch.
- **Margin Outlook**: Q3 gross margin 22.5%, recovery to Q2 levels by Q4 via new product mix.
- **Customer Deposits**: $37M remaining, $25M to return in 2025, $2M+ in 2026.
- **Strategic Shift**: Transitioning to total solutions provider, BOM content growth in AI, smartphones, and e-mobility.

**【CEO Business Updates】**
- Q2 revenue: $173.2M (YoY +4.8%, sequential -4.8%). Non-GAAP EPS: $0.09.
- **Segment highlights**: 
  - Computing: YoY +6%, graphics cards and PC desktops strong, offset by notebook/tablet decline.
  - Consumer: Gaming Sequential -28.8%, wearables pullback post-Q3 record.
  - Communications: YoY +14.5% driven by US smartphone, China OEM share gains.
  - Power Supply & Industrial: Sequential +9.6% from quick chargers, e-mobility growth.
- **AI momentum**: Graphics cards BOM content expanding, AI data center design in mid-2025.
- **Strategic shift**: From component supplier to total solutions provider, BOM content growth in motherboards, AI, graphics cards.

**【CFO Financial Review】**
- Q2 GAAP revenue: $173.2M. Non-GAAP gross margin: 24.2% (QoQ -1.3pp due to ASP erosion).
- Operating expenses: $39M (QoQ +1.3%, R&D investment).
- **Q3 Guidance**: 
  - Revenue: $158M ±$10M (sequential -8%)
  - Non-GAAP gross margin: 22.5% ±1%
  - License/engineering revenue ending mid-Feb 2025.

**【Q&A Key Takeaways】**
- **AI Data Center Expansion**: Mid-2025 launch, potential revenue multiple of graphics card business.
- **Gross Margin Recovery**: Q3 at 22.5%, Q4+ rebound to Q2 levels via new product mix.
- **Customer Deposits**: $37M remaining, $25M to return in 2025, $2M+ in 2026.
- **Tariff Impact**: Minor pull-in demand from PC makers, limited visibility on 2025 trade policy.
- **Smartphone Battery PCM**: Industry leader, 2024 calendar year incremental growth driver.


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