Alpha & Omega reports Q3 adjusted EPS (28c), consensus (36c)

Reports Q3 revenue $163.8M, consensus $160.08M. AOS Chief Executive Officer Stephen Chang commented, “Our March quarter results were slightly above the midpoint of our guidance, supported by strength in Advanced Computing, including AI, servers and graphics, as well as continued momentum with our Tier One U.S. smartphone customer. While seasonal softness in PCs and ongoing weakness in certain consumer applications persisted, we are encouraged by the growing contribution from higher-performance applications and improving product mix. We believe the December and March quarters marked a near-term bottom for both revenue and margins, and we are seeing early signs of momentum building as we move into the June quarter, driven by a richer product mix and stronger contributions from higher-performance applications.”