UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________ FORM 10-Q _________________________________ (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 Commission file number 001-34717 __________________________ Alpha and Omega Semiconductor Limited (Exact name of Registrant as Specified in its Charter) Bermuda 77-0553536 (State or Other Jurisdiction of Incorpor ...

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Q2 2025 Earnings Conference Call February 5, 2025 5:00 PM ET Company Participants Steven Pelayo - The Blueshirt Group Stephen Chang - Chief Executive Officer Yifan Liang - Chief Financial Officer Conference Call Participants Craig Ellis - B. Riley Securities David Williams - Benchmark Jeremy Kwan - Stifel Operator Good afternoon. Thank you for attending today's Alpha & Omega Semiconductor Fiscal Q2 2025 Earnings Call. My name is Jaylin. I'll be moderating ...

Alpha and Omega Semiconductor (AOSL) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this chipmaker would post earnings of $0.22 per share when it actually produced earnings of $0.21, delivering a surprise of -4.55%.Over the last four quarte ...

Revenue Performance - Revenue for the fiscal second quarter of 2025 was $173.2 million, a decrease of 4.8% from the prior quarter and an increase of 4.8% year-over-year[10]. - Revenue for the three months ended December 31, 2024, was $173.156 million, a decrease from $181.887 million in the previous quarter[17]. - The company expects revenue for the fiscal third quarter to be approximately $158 million, plus or minus $10 million[11]. Gross Margin - GAAP gross margin was 23.1%, down from 24.5% in the prior quarter and down from 26.6% in the same quarter last year[10]. - Non-GAAP gross margin was 24.2%, down from 25.5% in the prior quarter and down from 28.0% in the same quarter last year[10]. - Gross profit margin decreased to 23.1% for the three months ended December 31, 2024, compared to 24.5% in the previous quarter[17]. - GAAP gross profit for the three months ended December 31, 2024, was $40,011, a decrease from $44,001 in the same period last year, representing a decline of 9%[24]. - Non-GAAP gross profit for the six months ended December 31, 2024, was $88,298, down from $98,266 year-over-year, reflecting a decrease of 10.1%[24]. - Non-GAAP gross margin as a percentage of revenue for the three months ended December 31, 2024, was 24.2%, down from 28.0% in the same period last year[24]. Operating Income and Loss - GAAP operating loss was $5.9 million, compared to a loss of $0.3 million in the prior quarter and a loss of $1.1 million in the same quarter last year[10]. - Non-GAAP operating income was $3.0 million, down from $7.8 million in the prior quarter and $8.4 million in the same quarter last year[10]. - Operating expenses totaled $45.919 million for the three months ended December 31, 2024, up from $44.778 million in the previous quarter[17]. - GAAP operating income for the three months ended December 31, 2024, was a loss of $5,908, compared to a loss of $1,134 in the same period last year[24]. - Non-GAAP operating income for the six months ended December 31, 2024, was $10,776, down from $19,548 year-over-year, indicating a decline of 44.9%[24]. Net Loss and Earnings Per Share - GAAP net loss per diluted share was $0.23, compared to a loss of $0.09 in the prior quarter and a loss of $0.10 in the same quarter a year ago[10]. - Net loss for the three months ended December 31, 2024, was $6.614 million, compared to a loss of $2.496 million in the previous quarter[17]. - GAAP diluted net loss per share for the three months ended December 31, 2024, was $(0.21), compared to $(0.10) in the same period last year[24]. - Non-GAAP net income for the three months ended December 31, 2024, was $2,739, down from $7,197 year-over-year, a decrease of 62.0%[24]. - Non-GAAP diluted net income per share for the three months ended December 31, 2024, was $0.09, down from $0.24 year-over-year, a decline of 62.5%[24]. Cash Flow and Financial Position - Consolidated cash flow provided by operating activities was $14.1 million, compared to $11.0 million in the prior quarter[10]. - The company closed the quarter with $182.6 million in cash and cash equivalents[10]. - Cash and cash equivalents increased to $182.592 million as of December 31, 2024, from $175.127 million as of June 30, 2024[19]. - Net cash provided by operating activities was $25.126 million for the six months ended December 31, 2024, compared to a cash outflow of $9.628 million in the same period of 2023[21]. - Total assets decreased to $1.133944 billion as of December 31, 2024, from $1.145013 billion as of June 30, 2024[19]. - Total liabilities decreased to $231.364 million as of December 31, 2024, from $253.406 million as of June 30, 2024[19]. - Retained earnings decreased to $621.927 million as of December 31, 2024, from $631.058 million as of June 30, 2024[19]. - The company reported a net cash used in investing activities of $14.100 million for the six months ended December 31, 2024, compared to $21.431 million in the same period of 2023[21].

Performance and Market Position - Alpha and Omega Semiconductor (AOSL) shares surged 87.6% year-to-date (YTD), outperforming the Zacks Electronics – Semiconductors industry (38.4%) and the Zacks Computer & Technology sector (34.6%) [1] - AOSL outperformed peers including Nova Ltd (NVMI, +39.8%), Broadcom (AVGO, +64.2%), and Navitas Semiconductor (NVTS, -49.4%) on a YTD basis [2] - The company is transforming from a component supplier to a comprehensive solutions provider, leveraging intelligent integrated circuits and high-performance silicon packaging [3] AI and GPU Technology Innovation - AOSL launched the AOZ73004CQI, the world's first 4-Phase PWM controller for NVIDIA's Blackwell GPUs, positioning the company as a key player in AI server and high-performance computing [4] - The AOZ73004CQI is compliant with Open Voltage Regulator standards, dynamically controls output voltage, minimizes power ripple, and supports up to 12 power stages using proprietary DrMOS technology [5] - The controller is priced at $1.20 per unit and is immediately available in production quantities, catering to data center and GPU manufacturers [6] Product Portfolio Expansion - AOSL introduced the AOZ23567QI Constant On-Time Buck Converter for Intel Arrow Lake platforms, offering a fixed nominal voltage of 0.77V across system states S0 to S5 [7][8] - The company unveiled ideal diode protection switches (AOZ1390DI-01 and AOZ1390DI-02) for Type-C PD 3.0 applications, capable of handling up to 100W [9] - AOSL released the LFPAK 5x6 power MOSFET package with voltage options of 40V, 60V, and 100V, designed for high-reliability applications such as solar energy, server power, and telecommunications [10] Financial Outlook and Challenges - AOSL projects Q2 fiscal 2025 revenues of $170 million (+/- $10 million), with a Zacks Consensus Estimate of $170.05 million, indicating a 2.9% year-over-year rise [12] - Earnings consensus is 8 cents per share, revised downward by 60% over the past 60 days, reflecting a 66.7% year-over-year decline [12] - The company faces challenges including geopolitical risks, macroeconomic difficulties, soft product demand, and seasonality trends impacting sequential revenue growth [11]

Alpha and Omega Semiconductor (AOSL) shares have soared 58.9% on a year-to-date (YTD) basis, outperforming the Zacks Electronics – Semiconductors industry and the Zacks Computer & Technology sector’s return of 29.7% and 29.8%, respectively.Over the same time frame, Alpha and Omega Semiconductor had also outperformed its industry peers, including Nova Ltd (NVMI) , Broadcom (AVGO) and Navitas Semiconductor (NVTS) . On a YTD basis, shares of NVMI and AVGO have gained 38.7% and 49.2%, respectively, while NVTS h ...

Austin, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Market Size & Growth Analysis: The S&S Insider report indicates that, "The LED Driver IC Market was valued at USD 3.79 Billion in 2023 and is projected to grow to USD 16.05 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.46% from 2024 to 2032." The LED Driver IC market has seen a notable increase in growth lately, driven by the rising need for energysaving lighting options in residential, commercial, and industrial areas. One primary use of LE ...

Title of each class Trading Symbol(s) Name of each exchange on which registered Common Shares AOSL The NASDAQ Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________ FORM 10-Q _________________________________ (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANG ...

Financial Data and Key Metrics - Revenue for Q1 2025 was $181.9 million, up 12.8% sequentially and 0.7% year-over-year [27] - Non-GAAP gross margin was 25.5%, down from 26.4% last quarter and 28.8% a year ago, primarily due to ASP erosion and mix changes [29] - Non-GAAP EPS was $0.21, compared to $0.09 last quarter and $0.33 a year ago [29] - Operating cash flow was $11 million, including $8.4 million of customer deposit repayments [30] - Cash balance at the end of the quarter was $176 million, up slightly from $175.1 million last quarter [31] Segment Performance Computing - Revenue increased 8.6% year-over-year and 6.6% sequentially, representing 42% of total revenue [11] - Strength in PC desktops, notebooks, and servers, offset by softer graphics and AI-accelerator cards due to platform transition [11] - Backlog for graphics and AI-accelerator cards is growing, with increased BOM content expected in the next platform [12] - Expect slight sequential growth in the December quarter, driven by share gains in desktops and strength in graphics cards and servers [14] Consumer - Revenue increased 2% year-over-year and 12.4% sequentially, representing 17.4% of total revenue [15] - Growth driven by gaming, wearables, and TVs, offset by a decline in home appliances [15] - Forecast a 30% sequential decline in the December quarter due to seasonality in gaming and TVs, and softness in home appliances [16] Communications - Revenue increased 14.2% year-over-year and 29.4% sequentially, representing 19.5% of total revenue [17] - Growth driven by a Tier 1 U.S. smartphone customer and strong sequential growth from China OEMs, offset by declines from Korea [17] - Expect a low double-digit sequential decline in the December quarter due to seasonality and limited visibility on smartphone sell-through [18] Power Supply and Industrial - Revenue was down 23.7% year-over-year but up 15.6% sequentially, representing 17.5% of total revenue [19] - Growth driven by seasonal strength in AC-DC power supplies and quick chargers, while solar remains soft [19] - Expect low single-digit sequential growth in the December quarter, driven by e-mobility and quick chargers, offset by seasonal decline in AC-DC power supplies [21] Strategic Direction and Industry Competition - The company is transitioning from a component supplier to a total solutions provider, leveraging strengths in high-performance silicon packaging and intelligent ICs [9] - Opportunities in advanced computing, AI datacenters, foldable smartphones, and faster charging technologies [9][10] - Increased competition in the market, particularly in consumer-related segments, as competitors seek to fill fabs [37][57] - Focus on higher BOM content and total solutions to differentiate from competitors [61] Management Commentary on Market Environment and Outlook - The September quarter confirmed the completion of inventory corrections, with seasonality returning and new markets like AI and advanced computing emerging [22] - Limited visibility into 2025, with the calendar first quarter typically being seasonally soft [23] - Optimistic about growth driven by advanced technology, a diversified product portfolio, and a strong customer base [23] - Power management trends, including AI, digitalization, and electrification, present significant opportunities [25] Other Important Information - Non-GAAP financial measures are used to provide additional insights into operating performance, with reconciliations to GAAP measures included in the earnings release [4] - Forward-looking statements involve risks and uncertainties, with detailed descriptions available in SEC filings [5] Q&A Session Summary Question: Competitive Landscape in Graphics Cards - Increased competition as firms seek to fill fabs, but less competition expected in the next platform transition for graphics cards [37][39] - Opportunities in datacenters, though competition is expected to intensify [40] Question: Seasonality and Market Recovery - Seasonal patterns have returned, but full recovery in PC shipments is still pending [41] - Expect typical seasonal declines in the December quarter, with growth opportunities in graphics cards and AI-accelerator cards [43] Question: Communications Segment Decline - Clarification that the 30% decline forecast was for the Consumer segment, not Communications [46][48] - Communications segment expected to see a low double-digit sequential decline due to seasonality [18] Question: AI and Compute Opportunities - Near-term opportunities in next-generation graphics and AI-accelerator cards, with increased BOM content [50][52] - Data center opportunities are in development, with potential for larger content [54] Question: Pricing and Competitive Pressure - Increased pricing pressure due to softer market recovery and competitors shifting to consumer markets [57] - Strategy to counter ASP erosion through new product rollouts and targeting higher-performance sockets [58][61] Question: JV and Capacity Utilization - JV is raising additional funds and signing up more customers, with continued support for the company's business [64] - Fab utilization was around 80%, with capacity to support further growth [66] Question: Gross Margin Trends - Sequential decline in gross margin primarily due to ASP erosion, with expectations for improvement through higher utilization and new product mix [67]

Alpha and Omega Semiconductor (AOSL) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.55%. A quarter ago, it was expected that this chipmaker would post earnings of $0.05 per share when it actually produced earnings of $0.09, delivering a surprise of 80%.Over the last four quarters, ...