Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Q1 2021 Earnings Conference Call November 5, 2020 5:00 PM ET Company Participants Gary Dvorchak - IR Mike Chang - Chairman and CEO Stephen Chang - EVP, Product Line Management Yifan Liang - CFO Conference Call Participants Craig Ellis - B. Riley FBR David Williams - Loop Capital Jeremy Kwan - Stifel Operator Ladies and gentlemen, thank you for standing by, and welcome to Alpha and Omega Semiconductor Financial Results for the Fiscal First Quarter of 2021 C ...

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, 2020 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________ FORM 10-K _________________________________ (MARK ONE) ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2020 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number 001-34717 __________________________ Alpha and Omega Semiconductor Limited ...

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Q4 2020 Earnings Conference Call August 11, 2020 5:00 PM ET Company Participants Gary Dvorchak - Investor Relations Mike Chang - Chief Executive Officer Stephen Chang - Executive Vice President Yifan Liang - Chief Financial Officer Conference Call Participants Craig Ellis - B. Riley FBR David Williams - Loop Capital Jeremy Kwan - Stifel Operator Ladies and gentlemen, thank you for standing by, and welcome to the Alpha and Omega Semiconductor Reports Financ ...

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 March 31, 2020 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Q3 2020 Earnings Conference Call May 5, 2020 5:00 PM ET Company Participants So-Yeon Jeong - Investor Relations Mike Chang - Chief Executive Officer Stephen Chang - Executive Vice President Yifan Liang - Chief Financial Officer Conference Call Participants David Williams - Loop Capital Tore Svanberg - Stifel Craig Ellis - B. Riley FBR Operator Ladies and gentlemen, thank you for standing by, and welcome to the Alpha and Omega Semiconductor Reports Financia ...

Product Development - The company introduced approximately 2,100 power semiconductor products, with 200 new products launched in both fiscal years 2019 and 2018, and an additional 45 new products in the six months ended December 31, 2019[108]. - The company has an extensive patent portfolio consisting of 804 patents and 87 patent applications in the United States, along with 833 foreign patents as of December 31, 2019[108]. Revenue and Sales Performance - Revenue from the personal computing (PC) market accounted for approximately 41.3% and 48.5% of total revenue for the three months ended December 31, 2019 and 2018, respectively[119]. - Total revenue for Q3 2019 was $117.9 million, an increase of $2.9 million, or 2.6%, compared to $114.9 million in Q3 2018[139]. - Total revenue for the six months ended December 31, 2019, was $235.7 million, an increase of $5.7 million, or 2.5%, compared to $230.0 million in the same period last year[140]. - Power discrete sales increased by $8.2 million, while power IC sales decreased by $4.7 million, leading to a net increase in sales[139]. - Sales of power discrete increased by $16.5 million, while power IC sales decreased by $8.4 million during the six-month period[140]. - Average selling price increased by 7.6% compared to the same quarter last year, despite a 4.1% decrease in unit shipments[139]. - Average selling price for power discrete and power IC products increased by 14.1% compared to the same period last year, despite a 9.1% decrease in unit shipments[140]. Financial Performance - Cost of goods sold for Q3 2019 was $93.5 million, representing 79.3% of revenue, compared to 74.3% in Q3 2018[135]. - Gross profit for Q3 2019 was $24.4 million, or 20.7% of revenue, down from 25.7% in Q3 2018[135]. - Operating expenses for Q3 2019 totaled $27.8 million, or 23.6% of revenue, compared to 28.5% in Q3 2018[135]. - Research and development expenses for Q3 2019 were $12.1 million, representing 10.3% of revenue, slightly down from 11.0% in Q3 2018[135]. - Gross profit for the three months ended December 31, 2019, was $24.4 million, a decrease of $5.1 million, or 17.3%, compared to $29.5 million for the same quarter last year[141]. - Gross margin for the six months ended December 31, 2019, decreased by 5.2 percentage points to 21.8% compared to 27.0% for the same period last year[142]. - Research and development expenses for the six months ended December 31, 2019, were $24.5 million, an increase of $0.5 million, or 2.2%, compared to $24.0 million for the same period last year[144]. - Selling, general and administrative expenses for the six months ended December 31, 2019, were $30.8 million, a decrease of $9.6 million, or 23.8%, compared to $40.5 million for the same period last year[146]. Joint Venture and Market Position - The joint venture company recorded a net loss of $3.6 million and $6.4 million attributable to noncontrolling interest during the three and six months ended December 31, 2019[110]. - The company anticipates that the joint venture will enhance market positions in China and drive improvements in capital expenditures[110]. - The company is incurring increased operating expenses due to costs associated with ramping up production at the joint venture and developing a new digital power business[114]. Future Outlook - The company expects a decrease in production during the quarter ending March 31, 2020, due to the coronavirus outbreak and extended Chinese New Year holiday[110]. - The company expects average selling prices of existing products to decline in the future, consistent with historical trends in the industry[117]. Compliance and Investigations - The company is currently under investigation by the U.S. Department of Justice regarding compliance with export control regulations, which may negatively impact financial performance[122]. Cash Flow and Financing - As of December 31, 2019, the company had $111.5 million in cash and cash equivalents, down from $124.3 million as of June 30, 2019[168]. - Net cash used in operating activities for the six months ended December 31, 2019 was $7.7 million, primarily due to a net loss of $6.4 million and net changes in assets and liabilities of $12.4 million[169]. - Net cash used in investing activities for the six months ended December 31, 2019 was $31.2 million, mainly for purchases of property and equipment totaling $32.4 million[173]. - Net cash provided by financing activities for the six months ended December 31, 2019 was $11.0 million, primarily from $33.7 million in borrowings[175]. - The outstanding balance of the lease financing as of December 31, 2019 was approximately $50.3 million[160]. - The company had an unused credit of approximately $30.0 million under a factoring agreement with HSBC as of December 31, 2019[159]. - As of December 31, 2019, the outstanding balance of a loan agreement with China Development Bank was $24.0 million[161]. - The company had $13.4 million remaining available under the share repurchase program as of December 31, 2019[166]. - The company drew down 190 million RMB (approximately $28.2 million) from a loan agreement with The Export-Import Bank of China as of December 31, 2019[162]. - The company was in compliance with all financial covenants as of December 31, 2019[163].

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Q2 2020 Earnings Conference Call February 5, 2020 5:00 PM ET Company Participants So-Yeon Jeong - Investor Relations Mike Chang - Chief Executive Officer Yifan Liang - Chief Financial Officer Stephen Chang - Executive Vice President Conference Call Participants David Williams - Loop Capital Carlin Lynch - B. Riley FBR Craig Ellis - B. Riley FBR Operator Ladies and gentlemen, thank you for standing by, and welcome to Alpha and Omega Semiconductor Reports Fi ...

Product Development - The company introduced 55 new products during the three months ended September 30, 2019, contributing to a total portfolio of approximately 2,100 products[100]. - The company continues to invest in research and development to develop new technologies and products critical to long-term success[118]. Financial Performance - Total revenue for the three months ended September 30, 2019, was $117.8 million, an increase of $2.7 million, or 2.4%, compared to $115.1 million for the same quarter last year[128]. - Cost of goods sold was $90.9 million for the three months ended September 30, 2019, an increase of $8.4 million, or 10.2%, compared to $82.5 million for the same quarter last year[129]. - Gross profit decreased to $26.9 million, representing a gross margin of 22.9%, down from 28.3% in the same quarter last year[129]. - Research and development expenses were $12.4 million, an increase of $1.0 million, or 8.6%, compared to $11.4 million for the same quarter last year[130]. - Selling, general and administrative expenses decreased to $15.2 million, a reduction of $5.2 million, or 25.4%, compared to $20.4 million for the same quarter last year[132]. - Interest income and other income (loss), net was $(998,000), a decrease of $1.3 million, or 480.9%, compared to $262,000 for the same period last year[133]. - Income tax expense for the three months ended September 30, 2019, was approximately $410,000, compared to $560,000 for the same period in 2018, a decrease of 26.8%[135]. - The effective tax rate for the three months ended September 30, 2019, was estimated at (27.3)%, compared to (159.8)% for the same period in 2018[135]. Operating Expenses - The company is incurring increased operating expenses due to costs associated with ramping up production activities and developing its new digital power business[106]. - The company expects selling, general and administrative expenses to fluctuate in the near future due to cost control measures and reduced pre-production costs[119]. Joint Ventures and Market Position - The company recorded a net loss of $2.9 million attributable to noncontrolling interest in the joint venture company during the September 2019 quarter[102]. - The company anticipates that the joint venture will deliver significant cost savings and enhance market positions in China in the long term[102]. Production and Manufacturing - The company expects to ramp up production at the 12-inch wafer fabrication facility gradually, which commenced limited mass production in July 2019[102]. - The company expects average selling prices of existing products to decline in the future, consistent with historical trends in the industry[109]. Cash Flow and Financing - The net cash used in operating activities for the three months ended September 30, 2019 was $1.2 million, resulting from a net loss of $1.9 million[153]. - The net cash used in investing activities for the three months ended September 30, 2019 was $15.8 million, primarily for purchases of property and equipment[155]. - The net cash used in financing activities for the three months ended September 30, 2019 was $1.1 million, primarily due to repayments of borrowings[157]. - As of September 30, 2019, the company had $105.4 million in cash, cash equivalents, and restricted cash[151]. - The company continues to finance operations and capital expenditures primarily through funds generated from operations and borrowing under various debt agreements[136]. Debt and Obligations - As of September 30, 2019, the outstanding balance of the short-term loan from China Everbright Bank was $0.8 million[137]. - The outstanding balance of the one-year loan from China Everbright Bank was 20 million RMB, equivalent to $2.8 million as of September 30, 2019[138]. - The total outstanding balance of loans from China Merchant Bank was 80 million RMB and 20 million RMB, totaling approximately $14 million as of September 30, 2019[139]. - The outstanding balance of the lease financing agreement was approximately $51.1 million as of September 30, 2019[142]. - The outstanding balance of the loan from The Export-Import Bank of China was 190 million RMB, equivalent to $26.7 million as of September 30, 2019[144]. - The outstanding balance of the term loan from Jireh was $16.6 million as of September 30, 2019[145]. Market Risks and Changes - There have been no material changes in market risks previously disclosed in the Annual Report for the year ended June 30, 2019[164]. - There were no material changes in contractual obligations from those disclosed in the Annual Report for the fiscal year ended June 30, 2019[161]. - Recent accounting pronouncements and their expected effects on operations and financial condition are detailed in the Quarterly Report[162].

Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) Q1 2020 Results Conference Call November 4, 2019 5:00 PM ET Company Participants So-Yeon Jeong - IR Mike Chang - CEO Yifan Liang - CFO Stephen Chang - EVP Conference Call Participants David Williams - Loop Capital Craig Ellis - B. Riley Jeremy Kwan - Stifel Operator Ladies and gentlemen, thank you for standing by, and welcome to Alpha and Omega Semiconductor Fiscal Q1 2020 Earnings Conference Call. [Operator Instructions] Please be advised that today's confere ...