以下文章来源于AOSemi ，作者新品速递 AOSemi . 集设计、开发生产与全球销售一体的功率半导体供应商。 在服务器等高可靠性系统及电信应用中，输入总线保护至关重要。传统方案采用热 插拔控制器搭配分立FET的方式正逐步被更先进的eFuse技术所取代。AOS通过将创 新的TrenchFET技术与领先的IC设计相结合，成功开发出更紧凑、性能更强的eFuse 解决方案，这些产品专门针对现代服务器架构的严苛要求进行了深度优化，为客户提供了更具竞争力 的电源保护选择。 新款 AOZ17517QI 系列60A电子保险丝具有业界领先的性能和 0.65mΩ低导通电阻，专为服务器电源优 化设计。 日前，集设计研发、生产和全球销售为一体的著名功率半导体及芯片解决方案供应商 Alpha and Omega Semiconductor Limited（AOS, 纳斯达克代码:AOSL）推出了一款全新 AOZ17517QI 系列60A电子保险 丝，采用紧凑型5mm×5mm QFN封装，专为12V热插拔应用优化设计。该产品针对服务器、数据中心及电 信基础设施的12V电源轨保护需求，在确保高性能电路保护的同时，显著提升系统空间利用率 ...

Financial Performance - Alpha and Omega Semiconductor (AOSL) reported quarterly earnings of $0.02 per share, exceeding the Zacks Consensus Estimate of a loss of $0.01 per share, and compared to earnings of $0.09 per share a year ago, representing an earnings surprise of +300.00% [1] - The company posted revenues of $176.48 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 3.81%, and compared to year-ago revenues of $161.3 million [2] Market Performance - Alpha and Omega shares have declined approximately 29.6% since the beginning of the year, while the S&P 500 has gained 7.1% [3] - The current consensus EPS estimate for the upcoming quarter is $0.10 on revenues of $180.8 million, and for the current fiscal year, it is $0.13 on revenues of $697 million [7] Industry Outlook - The Electronics - Semiconductors industry, to which Alpha and Omega belongs, is currently ranked in the bottom 39% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor decisions [5]

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 was $176.5 million, representing a 9.4% year-over-year increase and a 7.2% sequential increase [6][16] - Non-GAAP gross margin was 24.4%, up from 22.5% in the previous quarter but down from 26.4% a year ago [17] - Non-GAAP EPS was $0.20, compared to a loss of $0.10 in the previous quarter and $0.09 a year ago [18] - Operating cash flow was negative $2.8 million, down from $7.4 million in the prior quarter [19] Business Line Data and Key Metrics Changes - Computing segment revenue increased by 29.7% year-over-year and 17.9% sequentially, accounting for 52.6% of total revenue [8] - Consumer segment revenue decreased by 5.8% year-over-year but increased by 23.9% sequentially, representing 15.1% of total revenue [10] - Communication segment revenue was down 1.7% year-over-year and 5.2% sequentially, making up 15.2% of total revenue [11] - Power supply and industrial segment revenue was up 7.3% year-over-year but down 9.8% sequentially, accounting for 16.8% of total revenue [12] Market Data and Key Metrics Changes - Strong demand in computing was driven by tariff-related pull-ins for PCs and growth in AI and graphics applications [5][6] - The consumer segment saw growth in wearables and gaming, while the communication segment faced challenges due to a decline in smartphone demand in China [10][11] - The power supply and industrial segment experienced weaker demand from power tools and e-mobility [12] Company Strategy and Development Direction - The company aims to transition from a component supplier to a total solutions provider, leveraging customer relationships to expand market share [7][14] - The strategic sale of 20.3% of its joint venture in Chongqing, China, for $150 million is expected to provide additional capital for technology investments and acquisitions [7][21] - The company is focused on execution, innovation, and delivering sustainable value amid a fluid geopolitical and macroeconomic environment [14] Management's Comments on Operating Environment and Future Outlook - Management noted uncertainties regarding the macro economy and geopolitics but expressed confidence in the company's ability to execute and grow [7][14] - The company anticipates a digestion period in the computing segment as initial demand for AI programs is absorbed, with expectations for low single-digit sequential growth in the next quarter [9] - Despite challenges, management remains optimistic about growth opportunities in AI, graphics, and other segments [14] Other Important Information - The company recorded an impairment charge of $76.8 million related to the equity investment in the Chongqing joint venture [22] - CapEx for the quarter was $14.3 million, with expectations for $11 million to $13 million in the next quarter [20][21] Q&A Session Summary Question: Can you provide more color on the computing segment and the digestion mentioned? - Management indicated that the digestion is related to initial shipments of a new AI program and that additional programs are in design to support future growth [25][27] Question: How much did AI contribute to growth this quarter? - AI and graphics together account for approximately 25% of the computing segment [30][31] Question: What are the expectations for gross margins moving forward? - Management expects gross margins to remain flat in the next quarter, reflecting a similar product mix and production level [32][36] Question: How will the $150 million cash inflow be prioritized? - The company plans to invest in business growth, technology, and potential M&A opportunities, with shareholder returns also being evaluated [39][41] Question: How does the company view internal capacity versus third-party foundries? - Management stated that they will continue to evaluate both internal production and third-party sourcing based on needs, emphasizing flexibility [45][47] Question: How are customers reacting to demand and tariffs? - Demand varies by market, with the computing segment seeing more caution due to tariffs, while AI and graphics remain strong [52][53]

Exhibit 99.1 Alpha and Omega Semiconductor Reports Financial Results for Fiscal Fourth Quarter and Fiscal Year Ended June 30, 2025 SUNNYVALE, California, August 6, 2025 (BUSINESS WIRE) - Alpha and Omega Semiconductor Limited ("AOS") (NASDAQ: AOSL), today reported financial results for the fiscal fourth quarter and the fiscal year ended June 30, 2025. The results for the fiscal fourth quarter ended June 30, 2025 were as follows: GAAP Financial Comparison Quarterly (in millions, except percentage and per shar ...

Core Viewpoint - Alpha and Omega Semiconductor (AOS) has agreed to sell 20.3% of its joint venture in Chongqing, China for $150 million in cash, with the transaction expected to complete by the end of 2025. This move is aimed at reinvesting in talent, tools, and intellectual property to expand its product portfolio while maintaining its manufacturing capabilities and protecting proprietary technology [3][4]. Group 1: Company Overview - AOS, founded in 2000 and headquartered in Silicon Valley, is a semiconductor company involved in the design, wafer manufacturing, and packaging/testing of power semiconductor devices. It has R&D centers in the U.S., Taiwan, and Shanghai, with production bases in the U.S., Shanghai, and Chongqing [4][5]. - The Chongqing facility, established in April 2016, is the first 12-inch power semiconductor chip manufacturing and packaging/testing base in China and the second globally. The total investment for this project was $1 billion [4][5]. Group 2: Joint Venture and Production Capacity - The Chongqing joint venture, which AOS holds a 39.2% stake in, has a monthly production capacity of approximately 10,000 12-inch wafers and nearly 400 million power devices for packaging and testing. Future plans include increasing the capacity to 50,000 wafers and 1.25 billion devices per month within 3-5 years [6][7]. - The facility has developed advanced manufacturing and packaging/testing technologies for power semiconductor products, including MOSFETs and IGBTs, which are widely used in consumer, industrial, and automotive applications [5][6]. Group 3: Regulatory Issues - AOS has agreed to pay $4.25 million to settle allegations of violating export regulations by shipping goods to Huawei without authorization in 2019. This settlement concludes a five-year investigation by the U.S. government, which did not result in any criminal charges [8][9]. - The company has emphasized its commitment to compliance with regulatory requirements and has strengthened its processes to ensure ongoing adherence to export control regulations [9][10].

I N V E S T O R P R E S E N TAT I O N D e c e m b e r 1 , 2 0 2 3 ( N a s d a q : A O S L ) SAFE HARBOR STATEMENT This presentation contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management's judgment, beliefs, current trends, and anticipated product performance. These forward-looking statements include, without limitation, statements relating to expected growth rate, our product portfolios, projected amount of ...

Group 1 - Alpha and Omega Semiconductor (AOS) has experienced a significant decline in its fortunes recently, indicating potential challenges in the power semiconductor industry [1] - The company is a supplier of a diverse range of devices for the power semiconductor sector, which suggests its role in a critical industry [1] Group 2 - The article reflects an alternative viewpoint on the company's current situation, suggesting that there may be differing opinions on its performance and future prospects [1]

Technical Analysis - Alpha and Omega Semiconductor (AOSL) has recently reached a key level of support and has overtaken the 50-day moving average, indicating a short-term bullish trend [1] - The 50-day simple moving average is a significant technical indicator that helps identify support or resistance levels for securities [1] Performance Metrics - AOSL has moved 13% higher over the last four weeks, suggesting potential for further gains [2] - The company currently holds a Zacks Rank 3 (Hold), indicating a neutral outlook [2] Earnings Estimates - There have been 2 positive earnings estimate revisions for AOSL for the current fiscal year, with no downward revisions, leading to an upward movement in the consensus estimate [2][3] - The combination of positive earnings estimate revisions and favorable technical indicators suggests that AOSL may experience additional gains in the near future [3]

Product Development and Portfolio Expansion - The company introduced over 100 new products in the fiscal year ended June 30, 2024, and 75 new products during the nine months ended March 31, 2025, expanding its portfolio to approximately 2,700 products [125]. - As of March 31, 2025, the company held 39.2% equity interest in a joint venture that operates a power semiconductor packaging and testing facility in China, which is critical for product development [128]. - The joint venture received an investment agreement for RMB 500 million ($68.5 million), with the first installment of RMB 40 million ($5.5 million) received on December 31, 2024 [128]. - The company is diversifying its product portfolio to reduce reliance on the declining PC market and improve gross margins through cost control measures [132]. Financial Performance - Revenue for the three months ended March 31, 2025, was $164,635,000, an increase from $150,060,000 in the same period of 2024, representing an increase of 9.5% [157]. - Total revenue for the three months ended March 31, 2025, was $164.6 million, an increase of $14.6 million, or 9.7%, compared to $150.1 million for the same quarter last year [159]. - Total revenue for the nine months ended March 31, 2025, was $519.7 million, an increase of $23.7 million, or 4.8%, compared to $496.0 million for the same period last year [160]. - Revenue from power discrete products increased by $13.0 million, or 13.9%, while power IC products saw an increase of $4.6 million, or 9.2% [159]. Profitability and Margins - Gross profit for the three months ended March 31, 2025, was $35,177,000, which is 21.4% of revenue, compared to $35,555,000 or 23.7% of revenue in 2024 [157]. - Gross profit for the three months ended March 31, 2025, was $35.2 million, representing a gross margin of 21.4%, down from 23.7% in the same quarter last year [161]. - Operating loss for the three months ended March 31, 2025, was $(10,658,000), slightly higher than $(10,504,000) in 2024, reflecting an operating margin of (6.4)% compared to (7.0)% [157]. - Net loss for the three months ended March 31, 2025, was $(10,807,000), compared to $(11,212,000) in 2024, representing a decrease in loss of 3.6% [157]. Research and Development - Research and development expenses are expected to fluctuate as the company continues to invest in new technologies and product development [144]. - Research and development expenses for the three months ended March 31, 2025, were $23,398,000, accounting for 14.2% of revenue, compared to $23,095,000 or 15.4% in 2024 [157]. - Research and development expenses for the three months ended March 31, 2025, were $23.1 million, an increase of $0.3 million, or 1.3%, compared to the same quarter last year [163]. Operating Expenses - The company’s operating expenses are expected to fluctuate as it aligns expenses with revenue levels in response to market conditions [143]. - Selling, general and administrative expenses for the three months ended March 31, 2025, were $22,437,000, which is 13.6% of revenue, down from $22,964,000 or 15.3% in 2024 [157]. - Selling, general and administrative expenses decreased by $0.5 million, or 2.3%, to $22.4 million for the three months ended March 31, 2025 [165]. Taxation and Regulatory Impact - The effective tax rate is influenced by the geographic distribution of profits and losses, tax laws, and the effectiveness of tax planning strategies [149]. - The Company is monitoring the potential impact of the Bermuda Corporate Income Tax Act 2023, which may impose a 15% corporate income tax starting from tax years beginning on or after January 1, 2025 [151]. - The Company is evaluating the impact of the U.S. Chips and Science Act of 2022, which provides a 25% manufacturing investment credit for semiconductor manufacturing investments [150]. - The Company recorded a valuation allowance against deferred tax assets if it is more likely than not that a portion will not be realized, based on historical profitability and future taxable income estimates [149]. Cash Flow and Liquidity - As of March 31, 2025, the company had $169.6 million in cash, cash equivalents, and restricted cash, compared to $175.5 million as of June 30, 2024 [186]. - Net cash provided by operating activities for the nine months ended March 31, 2025, was $32.5 million, an increase of $13.9 million compared to $18.6 million in the same period last year [187]. - Cash used in investing activities decreased by $6.4 million for the nine months ended March 31, 2025, primarily due to fewer purchases of property and equipment compared to the previous year [190]. - The company anticipates that its current cash and cash equivalents will be sufficient to meet its cash needs for at least the next twelve months, but may require additional capital in the long term due to changing business conditions [185]. Market Conditions and Risks - The company’s revenue is significantly affected by the PC market, which has experienced a modest global decline, impacting revenue from products such as notebooks and motherboards [131]. - The decrease in license and development services was related to the completion of a 24-month engineering and development services agreement during the three months ended March 31, 2025 [159]. - No material changes in market risks were reported compared to the previous disclosures in the Annual Report for the year ended June 30, 2024 [195]. - Recent accounting pronouncements and their expected effects on operations and financial condition are detailed in the Quarterly Report on Form 10-Q [194].

Financial Data and Key Metrics Changes - Revenue for fiscal Q3 was $164.6 million, representing a 9.7% year-over-year increase but a 4.9% sequential decline [6][19] - Non-GAAP gross margin was 22.5%, down from 24.2% in the previous quarter and 25.2% a year ago [19] - Non-GAAP EPS was a loss of $0.10, compared to a loss of $0.09 in the prior quarter and a loss of $0.04 a year ago [20] - Operating cash flow was $7.4 million, down from $14.1 million in the prior quarter and $28.2 million a year ago [21] Business Line Data and Key Metrics Changes - Computing segment revenue increased nearly 15% year-over-year and 3.6% sequentially, accounting for 47.9% of total revenue [8][11] - Consumer segment revenue decreased 9% year-over-year and 4.9% sequentially, representing 13% of total revenue [11][12] - Communications segment revenue was up 5.8% year-over-year but down 14.4% sequentially, making up 17.2% of total revenue [12][13] - Power Supply and Industrial segment revenue increased 32.4% year-over-year but declined 6.2% sequentially, accounting for 19.9% of total revenue [14][15] Market Data and Key Metrics Changes - The Computing segment saw robust demand for graphics and AI accelerated cards, driven by a key customer scaling their next-generation platform [9] - The Consumer segment is expected to see over 25% sequential growth in June, driven by gaming and home appliances [12] - Communications segment growth is anticipated to be flattish sequentially, with growth from U.S. and Korean smartphone customers offset by slower sales from China [13] Company Strategy and Development Direction - The company aims to transform from a component supplier to a total solutions provider, leveraging customer relationships to expand market share [7][8] - The focus remains on executing the strategy and delivering sustained value for stakeholders despite near-term uncertainties [17][18] Management's Comments on Operating Environment and Future Outlook - Management highlighted a dynamic landscape with macroeconomic, geopolitical, and trade-related uncertainties impacting visibility for the second half of 2025 [7][17] - The company expects low to mid-single-digit sequential revenue growth in June, driven by strength in Computing and Consumer segments [17][24] Other Important Information - The company completed the quarter with a cash balance of $169.4 million, down from $182.6 million at the end of the previous quarter [22] - CapEx for the quarter was $8.1 million, with expectations for June ranging from $12 million to $14 million [23][24] Q&A Session Summary Question: Can you quantify the magnitude of the pull-ins on the PC side and discuss graphics card success? - Management noted increased demand due to tariff situations, with an estimated $6 million of revenue increase attributed to notebook shipments [28] Question: What is the tariff impact on the company? - Direct exposure to tariffs is minimal due to limited U.S. shipments, but indirect impacts on overall demand remain uncertain [32] Question: How is the margin guidance for June despite the fall-off in licensing revenue? - Margin guidance is based on a better product mix and higher factory utilization [35] Question: Can you provide an update on the China JV and wafer requirements? - The China JV accounts for about 20% of total supply, with minimal tariff impact [38] Question: What are the cash flow dynamics expected throughout the year? - Cash flow is expected to remain stable, targeting 6% to 8% of revenue, with CapEx projected around $40 million to $50 million for the year [42][45] Question: What is the pricing environment and competitive landscape? - ASP erosion is tracking historical trends, with increased competition from all players [48]