Exhibit 99.1 Alpha and Omega Semiconductor Reports Financial Results for the Fiscal First Quarter of 2025 Ended September 30, 2024 SUNNYVALE, California, November 4, 2024 - Alpha and Omega Semiconductor Limited ("AOS") (NASDAQ: AOSL) today reported financial results for the fiscal first quarter of 2025 ended September 30, 2024. The results for the fiscal first quarter of 2025 ended September 30, 2024 were as follows: | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------- ...

Financial Performance - Revenue for the fiscal year ended June 30, 2024, was $657.274 million, a decrease from $691.321 million in 2023 and $777.552 million in 2022[281] - Gross profit for 2024 was $171.918 million, representing 26.2% of revenue, down from 28.9% in 2023 and 34.5% in 2022[281] - Operating income for 2024 was a loss of $3.756 million, compared to a profit of $22.529 million in 2023 and $102.038 million in 2022[281] - Net income for 2024 was a loss of $11.081 million, compared to a profit of $12.364 million in 2023 and $453.183 million in 2022[281] Tax and Regulatory Impact - The company's effective tax rate is influenced by geographic profit distribution, tax laws, and tax planning strategies, with potential changes in deferred tax assets impacting income tax expense[271] - The U.S. Tax Cuts and Jobs Act reduced the corporate tax rate from 35% to 21% and introduced changes to tax regulations, including bonus depreciation and limitations on interest expense deductions[272] - The company is evaluating the impact of the Chip and Science Act of 2022, which offers a 25% manufacturing investment credit for semiconductor manufacturing property[275] - The Inflation Reduction Act introduced a 15% corporate alternative minimum tax (CAMT) for corporations with average annual adjusted financial statement income exceeding $1 billion, though it is not currently applicable to the company[276] - Bermuda may impose a 15% corporate income tax (CIT) starting in 2025 for multinational companies with annual revenue exceeding 750 million euros, potentially affecting the company's financial position[277] Equity and Investments - Equity method investment losses for the JV Company from December 2, 2021 to March 31, 2022 were recorded in the fiscal year ended June 30, 2022, with subsequent losses for April 1, 2022 to March 31, 2023 and April 1, 2023 to March 31, 2024 recorded in the fiscal years ended June 30, 2023 and 2024 respectively[342] - Cumulative earnings of Alpha and Omega Semiconductor (Cayman) Ltd. and AOS International LP totaled $46.2 million as of June 30, 2024, with no deferred tax liability recorded[347] - Cumulative undistributed earnings of foreign entities considered permanently reinvested is $414.6 million as of June 30, 2024, with a potential material increase in income tax provision if remitted to the Bermuda parent company[347] - Deferred tax liability of $26.3 million recorded as of June 30, 2024 for the basis difference related to the investment in the JV Company[347] Expenses and Cost Control - Selling, general and administrative expenses are expected to fluctuate due to cost control measures, including salaries, bonuses, and product promotion costs[269] - Share-based compensation expense is significant to the consolidated financial statements, with fair value estimated using the Black-Scholes option valuation model and Monte-Carlo pricing model, and recognized on an accelerated attribution basis over the requisite service period[350] - Inventory valuation is based on periodic review of inventory quantities, sales forecasts, historical usage, aging of inventories, production yield levels, and current product selling prices, with potential future inventory write-downs if market conditions are less favorable than forecasted[344] - The company maintains a partial valuation allowance equal to the state research and development credit carryforwards until sufficient positive evidence exists to support reversal of the valuation allowance[346] Financial Risks and Liabilities - Outstanding loan of $38.4 million and financing leases of $3.2 million as of June 30, 2024, subject to interest rate fluctuations, with a hypothetical 10% increase in interest rate resulting in $0.2 million additional annual interest expense[354] - A 10% increase or decrease in the costs of raw materials subject to commodity price risk, such as gold, would decrease or increase the current year's net earnings by $0.6 million, assuming no impact on selling prices and no pending fixed-price purchase commitments[355] - The company is subject to foreign currency risk primarily in Taiwan and China, with cash and cash equivalent balances maintained in foreign currencies, including Chinese Yuan ("RMB"), to fund overseas operations[353]

Alpha and Omega Semiconductor Limited (AOSL) recently launched a new cutting-edge LFPAK 5x6 package for its power MOSFET technology, designed to provide high reliability and performance in challenging environments.LFPAK is available in three voltage options: 40V, 60V and 100V and is specifically designed to endure harsh conditions while maintaining optimal MOSFET functionality. This makes it suitable for a broader range of applications, including industrial systems, server power, telecommunications and sola ...

Financial Data and Key Metrics - Revenue for Q4 2024 was $161.3 million, up 7.5% sequentially and flat year-over-year [7][18] - Non-GAAP gross margin was 26.4%, compared to 25.2% last quarter and 28.5% a year ago [7][19] - Non-GAAP EPS was $0.09, compared to a $0.04 loss per share last quarter and $0.19 earnings per share a year ago [7][19] - Operating cash flow was $7.1 million, including $4.5 million of repayment of customer deposits [19] - Cash balance at the end of Q4 was $175.1 million, compared to $174.4 million at the end of the previous quarter [20] Business Segment Performance Computing Segment - Revenue was up 37.6% year-over-year and 4.4% sequentially, representing 44.4% of total revenue [11] - Strength in tablets, AI, and graphics cards, offset by slower PC market recovery [11] - Expected mid-single-digit sequential growth in Q1 2025, driven by seasonal PC pickup and strong tablet, AI accelerator, and graphics card performance [11][12] Consumer Segment - Revenue was down 35.5% year-over-year but up 19.7% sequentially, representing 17.5% of total revenue [12] - Driven by gaming and home appliances, with inventory correction in gaming now complete [12] - Forecasted low double-digit sequential growth in Q1 2025, driven by wearables and gaming, offset by slower home appliances [12] Communications Segment - Revenue was up 59% year-over-year and 2.1% sequentially, representing 17% of total revenue [13] - Seasonal pickup from a Tier 1 U.S. smartphone customer, offset by declines from Korea and China OEMs [13] - Anticipated double-digit sequential growth in Q1 2025, driven by seasonal strength ahead of new smartphone launches [14] Power Supply and Industrial Segment - Revenue was down 33.7% year-over-year but up 11.3% sequentially, representing 17.1% of total revenue [15] - Strength in e-mobility (e-bikes, e-scooters) and DC fans for datacenters [15] - Expected 15% to 20% sequential growth in Q1 2025, driven by quick chargers and AC-DC power supplies tied to seasonal PC build [15] Company Strategy and Industry Competition - Transitioning from a component supplier to a total solutions provider, leveraging strengths in high-performance silicon, advanced packaging, and intelligent ICs [9] - Expanding product portfolio to capture market share, including new Vcore products for advanced computing and AI datacenters [9] - Benefiting from trends in foldable smartphones, AI integration, and faster charging technologies [10] - Optimistic about growth in adjacent markets such as solar, motors, e-mobility, gaming, home appliances, and power tools, driven by global energy efficiency trends [10] Management Commentary on Operating Environment and Future Outlook - Inventory corrections across end markets are largely complete, with some markets like smartphones returning and new markets like AI emerging [16] - Seasonal growth expected in Q1 2025, driven by PCs, smartphones, wearables, and gaming [16] - Long-term growth supported by advanced technology, diversified product portfolio, and a premier customer base across all business lines [16] - Power management underpins key trends such as AI, digitalization, connectivity, and electrification, aligning with the shift towards a sustainable, low-carbon society [16] 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 [5] - Forward-looking statements involve risks and uncertainties, with detailed descriptions available in SEC filings [6] Q&A Session Summary Question 1: Graphics Card and AI Accelerator Opportunities - AI accelerator cards are built on existing graphics card technology, with power solutions scaling up to 50 power stages per GPU [25] - Transitioning to new platforms with higher performance requirements, expected to drive growth in AI accelerator cards [26] Question 2: Multiphase Controller Adoption - Multiphase controllers are expanding BOM content in PC applications and transitioning to advanced computing and AI accelerator cards [28][29] - Total solution approach (controller + power stage) is key to capturing higher BOM content [29] Question 3: Gross Margin Outlook - Flattish gross margin expected for Q1 2025, with improvements anticipated as revenue grows and product mix improves [31] - Long-term target of above 30% non-GAAP gross margin with a $1 billion revenue goal [39] Question 4: AI Datacenter Ramp and Design Wins - Multiple opportunities in AI datacenter ramp, with accelerator cards expected to drive near-term growth [34][35] - Design wins and progress in accelerator cards, with additional opportunities in intermediate bus converters and medium voltage MOSFETs [37] Question 5: AI Accelerator Card Architecture - Current business leverages existing graphics card solutions, with new platforms designed specifically for AI accelerator cards [42][43] - Opportunities in core power, multiphase controllers, power stages, and intermediate bus converters [44][45] Question 6: License and Engineering Revenue - License and engineering revenue tied to product qualification and engineering services, with payments expected through early 2025 [53][54] - Revenue recognition based on engineering hours, with deferred revenue recorded initially [55]

Alpha and Omega Semiconductor (AOSL) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 80%. A quarter ago, it was expected that this chipmaker would post a loss of $0.14 per share when it actually produced a loss of $0.04, delivering a surprise of 71.43%.Over the last four quarters, the ...

Financial Performance - Revenue increased by 15% year-over-year, driven by strong sales in the Asia-Pacific region [1]. - Net profit margin improved to 12%, up from 10% in the previous quarter [2]. - Operating expenses rose by 8%, primarily due to increased marketing and R&D investments [3]. Market Expansion - The company successfully entered two new markets in Europe, contributing to a 20% increase in international sales [4]. - A new distribution center was opened in South America to support regional growth [1]. - Strategic partnerships were formed with local retailers in Southeast Asia to enhance market penetration [3]. Product Development - Launched three new products in the tech segment, which accounted for 25% of total revenue [2]. - R&D spending increased by 10% to accelerate innovation and product differentiation [4]. - Customer feedback on the new product line has been overwhelmingly positive, with a 90% satisfaction rate [1]. Operational Efficiency - Implemented new supply chain management software, reducing logistics costs by 5% [3]. - Streamlined manufacturing processes, resulting in a 7% reduction in production time [2]. - Employee training programs were expanded, leading to a 15% improvement in operational efficiency [4]. Customer Engagement - Customer retention rate improved to 85%, up from 80% last year [1]. - Launched a new loyalty program, which has already attracted 100,000 members [2]. - Enhanced customer service through the introduction of a 24/7 support hotline [3]. Sustainability Initiatives - Reduced carbon emissions by 10% through the adoption of renewable energy sources [4]. - Implemented a company-wide recycling program, achieving a 30% reduction in waste [1]. - Committed to achieving net-zero emissions by 2030, with interim targets set for 2025 [2]. Strategic Investments - Acquired a smaller competitor to expand market share in the healthcare sector [3]. - Invested $50 million in a new AI-driven analytics platform to enhance decision-making [4]. - Allocated $20 million for the development of a new manufacturing facility in North America [1].

Investors might want to bet on Alpha and Omega Semiconductor (AOSL) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by th ...

Georgijevic Alpha and Omega Semiconductor or AOS (NASDAQ:AOSL), a supplier of a wide range of devices for the power semiconductor industry, struggled for much of 2024. The stock even hit a multi-year low as recently as April 19. However, the stock has since gone on a huge rally that has resulted in AOSL more than doubling its market cap in less than three months. Why will be covered next. AOSL turns it around in a big way A previous article from last April took note of the risks inherent in AOSL, but after ...

Have you been paying attention to shares of Alpha and Omega Semiconductor (AOSL) ? Shares have been on the move with the stock up 49.7% over the past month. The stock hit a new 52-week high of $46.73 in the previous session. Alpha and Omega Semiconductor has gained 75.3% since the start of the year compared to the 26.2% move for the Zacks Computer and Technology sector and the -42% return for the Zacks Electronics - Semiconductors industry.What's Driving the Outperformance?The stock has a great record of po ...

Alpha and Omega Semiconductor (AOSL) shares soared 6.7% in the last trading session to close at $39.62. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 21.1% gain over the past four weeks.Alpha and Omega Semiconductor extended its rally, driven by growing momentum across its power semiconductors, including Power MOSFET, IGBT, IPM and Power IC. Increasing demand for newer products, including tablets, graphics cards and AI applicat ...