Alpha And Omega Semiconductor ( (AOSL) ) has released its Q1 earnings. Here is a breakdown of the information Alpha And Omega Semiconductor presented to its investors.
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Alpha and Omega Semiconductor Limited (AOS) is a global supplier specializing in the design and development of a wide range of power devices and management solutions, catering to high-volume applications such as personal computers, smartphones, and automotive electronics.
In its latest earnings report for the fiscal first quarter of 2026, AOS announced a slight increase in revenue to $182.5 million, reflecting a 3.4% growth from the previous quarter while remaining relatively flat compared to the same period last year. The company reported a GAAP net loss of $2.1 million, a significant improvement from the previous quarter’s loss, and a non-GAAP net income of $4.2 million.
Key financial highlights include a GAAP gross margin of 23.5% and a non-GAAP gross margin of 24.1%. The company also reported a notable increase in Power IC revenue, which rose by 37.3% year-over-year, contributing to a richer product mix and better gross margins. Operating expenses showed mixed results, with GAAP operating expenses decreasing quarter-over-quarter, while non-GAAP operating expenses saw a slight increase.
Looking forward, AOS management remains optimistic about the company’s long-term growth prospects. They plan to leverage their strengths in PCs and smartphones to expand into high-growth areas such as graphics, AI, and data-center power. Despite near-term demand normalization, AOS aims to drive innovation and capture new opportunities through strategic investments and a focused growth strategy.