Georgijevic Alpha and Omega Semiconductor or AOS (NASDAQ:AOSL), a supplier of a wide range of devices for the power semiconductor industry, struggled for much of 2024. The stock even hit a multi-year low as recently as April 19. However, the stock has since gone on a huge rally that has resulted in AOSL more than doubling its market cap in less than three months. Why will be covered next. AOSL turns it around in a big way A previous article from last April took note of the risks inherent in AOSL, but after ...

Have you been paying attention to shares of Alpha and Omega Semiconductor (AOSL) ? Shares have been on the move with the stock up 49.7% over the past month. The stock hit a new 52-week high of $46.73 in the previous session. Alpha and Omega Semiconductor has gained 75.3% since the start of the year compared to the 26.2% move for the Zacks Computer and Technology sector and the -42% return for the Zacks Electronics - Semiconductors industry.What's Driving the Outperformance?The stock has a great record of po ...

Group 1: Alpha and Omega Semiconductor (AOSL) - AOSL shares increased by 6.7% to close at $39.62, with a notable trading volume compared to normal sessions, and a total gain of 21.1% over the past four weeks [1] - The company's growth is driven by strong demand for power semiconductors, including Power MOSFET, IGBT, IPM, and Power IC, as well as increasing demand for products like tablets, graphics cards, and AI applications [1] - AOSL is expected to report quarterly earnings of $0.05 per share, reflecting a year-over-year decline of 73.7%, with revenues projected at $160 million, down 1% from the previous year [1] Group 2: Earnings Estimates and Market Trends - The consensus EPS estimate for AOSL has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [2] - AOSL currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook in the market [2] - The company is part of the Zacks Electronics - Semiconductors industry, which includes QuickLogic (QUIK), another stock in the same sector that closed 2.7% higher at $11.12, but has seen a return of -8.1% over the past month [2] Group 3: QuickLogic (QUIK) - QuickLogic's consensus EPS estimate for the upcoming report is $0.01, representing a significant increase of 108.3% compared to the previous year [3] - QuickLogic also holds a Zacks Rank of 3 (Hold), indicating a similar neutral market outlook as AOSL [3]

Group 1 - Alpha and Omega Semiconductor (AOSL) is currently ranked 1 (Strong Buy) in the Zacks Rank system, indicating strong analyst sentiment and a favorable earnings outlook [2] - AOSL has gained approximately 12.7% year-to-date, outperforming the Computer and Technology sector's average return of 7.1% [2] - The Zacks Consensus Estimate for AOSL's full-year earnings has increased by 62.6% over the past quarter, reflecting improved analyst sentiment [2] Group 2 - AOSL is part of the Electronics - Semiconductors industry, which consists of 41 companies and is currently ranked 171 in the Zacks Industry Rank [3] - The Electronics - Semiconductors industry has seen an average gain of 17% year-to-date, indicating that AOSL is slightly underperforming its industry [3] - In comparison, Alkami Technology (ALKT), another stock in the Computer and Technology sector, has increased by 11.8% year-to-date and is part of the Internet - Software industry, which has gained 14% [3]

Alpha and Omega Semiconductor Limited (AOSL) recently expanded its package portfolio options for its second-generation 650V to 1200V αSiC MOSFETs, providing clients with enhanced flexibility and streamlined manufacturing processes. This update is pivotal for applications such as xEV charging, solar inverters and industrial power supplies, allowing designers multiple system optimization options to maximize efficiency.The new offerings include the AOBB040V120X2Q, a 1200V/40mOhm αSiC MOSFET in a D2PAK-7L surfa ...

Alpha and Omega Semiconductor (AOSL) recently launched the cutting-edge AONG36322 XSPairFET solution, compactly designed for “space-constrained” DC-DC applications.The AONG36322 is uniquely designed, comprising two 30V MOSFETs arranged in a half-bridge configuration within an asymmetric DFN3.5x5 XSPairFET package. This design helps save space by up to 60% compared to the existing DFN5x6 solution, highlighted AOSL. The reduction in PCB footprint simplifies the DC-DC architecture, leading to enhanced efficien ...

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, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...

Financial Data and Key Metrics Changes - Revenue for Q3 2024 was $150.1 million, representing a year-over-year increase of 13.2% and a sequential increase of 9.2% [15] - Non-GAAP gross margin was 25.2%, slightly up from 25.1% year-over-year but down from 28% sequentially [16] - Non-GAAP EPS was a loss of $0.04, an improvement from a loss of $0.21 a year ago and a loss of $0.24 in the previous quarter [16] - Operating cash flow was $28.2 million, significantly up from $11.6 million last year and a negative $23.5 million in the prior quarter [17] Business Segment Data and Key Metrics Changes - **Computing Segment**: Revenue was up 80.4% year-over-year but down 4.3% sequentially, accounting for 45.8% of total revenue. Expected growth in the June quarter is mid to upper single-digits [9] - **Consumer Segment**: Revenue decreased 47.1% year-over-year but increased slightly by 0.3% sequentially, representing 15.7% of total revenue. Forecasted double-digit sequential growth for the June quarter [10] - **Communications Segment**: Revenue increased 39.2% year-over-year but decreased 7.4% sequentially, making up 17.9% of total revenue. Expected to be flat sequentially in the June quarter [11] - **Power Supply and Industrial Segment**: Revenue decreased 6.5% year-over-year and 29% sequentially, accounting for 16.5% of total revenue. Expected mid to upper single-digit growth in the June quarter [12] Market Data and Key Metrics Changes - Demand for newer applications such as graphics cards and AI applications increased during the March quarter, indicating a shift in market dynamics [7] - The overall semiconductor cycle is approaching a recovery phase, with inventory corrections nearing completion across most end markets [6] Company Strategy and Development Direction - The company is transitioning from a component supplier to a comprehensive solution provider, aiming to increase BOM content and penetrate new products and verticals [8] - Focus on advanced technology and a diversified product portfolio to address a broadening array of end markets [13] - Emphasis on power management trends such as AI, digitalization, connectivity, and electrification to support long-term growth [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about a gradual rebound in demand as inventory corrections conclude, particularly in gaming and consumer electronics [6][7] - The second half of 2024 is anticipated to be stronger than the first half, driven by new product launches in smartphones and PCs [7][13] Other Important Information - The company repurchased 287,000 shares of employee restricted stock units vested during the quarter for $6.7 million [17] - Cash balance at the end of the quarter was $174.4 million, up from $162.3 million in the previous quarter [18] Q&A Session Summary Question: Smartphone order patterns and flagship launches - Management noted that smartphone orders showed better-than-normal seasonality, particularly in the China market, which helped offset typical seasonal declines [22] Question: Shipping to Huawei - Currently, the company does not ship products to Huawei [24] Question: New products in the compute market - The company is expanding BOM content in computing, with expectations of growth from $2 to $3 per unit due to new product introductions [25] Question: Home appliances market share - The home appliances market is seen as a significant opportunity, with the company currently holding about 1% market share in a $2 billion market [28] Question: Ranking end markets by content gain - Management indicated that the smartphone market would benefit the most from content gains, followed by PCs, which are still recovering from a downturn [31] Question: Gross margin expectations - Management expects gross margin improvements to come primarily from product mix as the company approaches $1 billion in revenue [39] Question: Competitive landscape changes - No significant changes in the competitive landscape were noted in the past three months, although improvements were seen in specific end markets [43] Question: Gaming recovery and BOM increases - The gaming segment is expected to see a recovery driven by both inventory corrections and increased BOM content, with orders returning for existing parts [45]

Company Performance - Alpha and Omega Semiconductor (AOSL) reported a quarterly loss of $0.04 per share, better than the Zacks Consensus Estimate of a loss of $0.14, and an improvement from a loss of $0.21 per share a year ago, indicating a 71.43% earnings surprise [1] - The company achieved revenues of $150.06 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 0.04% and showing an increase from $132.56 million in the same quarter last year [1] - Over the last four quarters, Alpha and Omega has consistently surpassed consensus EPS and revenue estimates [1] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.02 on revenues of $158.05 million, while the estimate for the current fiscal year is $0.42 on revenues of $654 million [4] - The estimate revisions trend for Alpha and Omega is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [4] Industry Context - The Electronics - Semiconductors industry, to which Alpha and Omega belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, indicating potential challenges for stock performance [5] - Nova Ltd. (NVMI), another company in the same industry, is expected to report quarterly earnings of $1.27 per share, reflecting a year-over-year change of +3.3%, with revenues anticipated to be $137 million, up 3.6% from the previous year [5][6]

Exhibit 99.1 Alpha and Omega Semiconductor Reports Financial Results for the Fiscal Third Quarter of 2024 Ended March 31, 2024 SUNNYVALE, California, May 7, 2024 - Alpha and Omega Semiconductor Limited ("AOS") (NASDAQ: AOSL) today reported financial results for the fiscal third quarter of 2024 ended March 31, 2024. The results for the fiscal third quarter of 2024 ended March 31, 2024 were as follows: | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------|-----------------|---- ...