Alpha and Omega Semiconductor Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew sequentially to $170.4M, led by advanced computing and AI/server strength, offsetting PC and gaming softness. Gross margin improved to 23.7%, with further margin and revenue growth expected next quarter, despite supply chain disruptions from Typhoon Dolphin.
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Fiscal Q3 2026 revenue was $163.8M, with advanced computing driving growth and offsetting PC softness. Gross margin was 21.7%, and guidance for Q4 anticipates revenue of $168M and margin improvement, supported by strong AI/server demand and disciplined R&D investment.
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Fiscal Q2 2026 revenue declined 6.3% year-over-year to $162.3 million, with non-GAAP gross margin at 22.2% and a $0.16 loss per share. Strategic investments in R&D and capacity are funded by JV monetization and support growth in AI, computing, and premium smartphone markets.
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Q1 revenue grew 3.4% sequentially to $182.5M, with Power ICs hitting a record high and strong computing segment growth. Guidance for Q2 anticipates lower revenue and margins due to seasonality, but investments in AI, smartphones, and PCs are expected to drive long-term growth.
Fiscal Year 2025
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Fiscal Q4 revenue reached $176.5M, up 9.4% year-over-year, with strong growth in AI, graphics, and Power IC. A $150M JV equity sale will fund technology and capacity expansion. September quarter revenue is guided to $183M ±$10M, with stable gross margins expected.
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Fiscal Q2 revenue and EPS met guidance, with year-over-year growth in Computing and Communications. Gross margin declined due to ASP erosion and mix, but margin recovery is expected after March. AI, smartphones, and e-mobility are set to drive growth in 2025.
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Fiscal Q1 revenue grew 12.8% sequentially to $181.9M, with broad-based segment growth and non-GAAP EPS of $0.21. Guidance anticipates a seasonal revenue decline in December, with ongoing pricing pressure and increased competition, but strategic gains in AI, desktops, and premium smartphones.
Fiscal Year 2024
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Fiscal Q4 revenue was $161.3M, up 7.5% sequentially, with non-GAAP gross margin at 26.4% and EPS of $0.09. All major segments saw sequential growth, especially in AI, graphics, and smartphones, and inventory corrections are largely complete. September quarter revenue is guided to $180M ±$10M.