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: | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------|-----------------|---- ...

Core Viewpoint - Alpha and Omega Semiconductor (AOSL) has experienced a significant decline in stock price, falling below a critical support level that had held for about a year, indicating bearish sentiment in the market. However, there are arguments for considering AOSL as a speculative investment due to its low valuation relative to book value and potential for recovery in earnings [2][12][13]. Financial Performance - AOSL reported a GAAP loss of $17.15 million or $0.63 per share on a trailing twelve months (TTM) basis, with three of the last four quarters ending in the red. The company has seen a decline in revenue for five consecutive quarters, with Q2 FY2024 revenue down 12.4% year-over-year [7][11]. - The Q2 FY2024 earnings report showed non-GAAP EPS of $0.24, beating estimates, but the GAAP loss of $0.10 per share reflects ongoing financial stress [7][9]. - Guidance for Q3 FY2024 anticipates revenue between $140 million and $160 million, which is below expectations despite a projected year-over-year increase of 13.1% at the midpoint [8][10]. Stock Valuation - AOSL's total assets amount to approximately $1.18 billion, with a book value of about $894.56 million or $32.35 per share, indicating that the stock is trading at a price-to-book ratio of 0.6x, suggesting it is undervalued [6][12]. - The current stock price of $19.55 implies a market capitalization of roughly $552.87 million, which is below the TTM sales of $640 million, resulting in a price-to-sales ratio of 0.86 [6][12]. Market Trends and Outlook - The analog market is expected to grow by 3.7% year-over-year to $84 billion in 2024, following a decline of 8.9% in 2023, which may positively impact AOSL's performance [11]. - AOSL is projected to see improvements in earnings in the upcoming quarters due to seasonal factors and a potential rebound in demand, with expectations of returning to profitability by Q1 FY2025 [11][12].

SUNNYVALE, Calif.--(BUSINESS WIRE)--Alpha and Omega Semiconductor Limited (AOS) (Nasdaq: AOSL), a designer, developer, and global supplier of a broad range of discrete power devices, wide band gap power devices, power management ICs, and modules will showcase its complete line of advanced power management solutions at the Applied Power Electronics Conference (APEC). The new products are designed to meet key power management challenges in several key application areas and markets AOS focuses on. Booth highl ...

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 December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ...

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Q2 2024 Earnings Call Transcript February 6, 2024 5:00 PM ET Company Participants Steve Pelayo - IR Stephen Chang - Chief Executive Officer Yifan Liang - Chief Financial Officer Conference Call Participants Craig Ellis - B. Riley Securities David Williams - Benchmark Jeremy Kwan - Stifel Operator Good afternoon, ladies and gentlemen. Thank you for joining today's Alpha and Omega Semiconductor Fiscal Q2 2024 Earnings Call. My name is Tia, and I'll be your m ...

Core Viewpoint - Alpha and Omega Semiconductor Limited (AOS) reported a decline in financial performance for the fiscal second quarter of 2024, with revenue and net income both decreasing compared to previous quarters and the same quarter last year. The company anticipates a challenging fiscal third quarter but sees potential recovery in the second half of 2024 driven by new product launches and market demand in specific sectors [1][4][5]. Financial Performance Summary - Revenue for the fiscal second quarter ended December 31, 2023, was $165.3 million, down 8.5% from the prior quarter and 12.4% year-over-year [4][5]. - GAAP gross margin was 26.6%, a decrease from 28.2% in the prior quarter and 28.1% in the same quarter last year [4][5]. - GAAP operating loss was $1.1 million, a significant decline from an operating income of $9.4 million in the prior quarter and $8.8 million in the same quarter last year [4][5]. - GAAP net loss was $2.9 million, compared to a net income of $5.8 million in the prior quarter and $6.3 million in the same quarter last year [4][5]. - Non-GAAP net income per share was $0.24, down from $0.33 in the prior quarter and $0.67 year-over-year [5][21]. Cash Flow and Liquidity - The company reported a consolidated cash flow used in operating activities of $23.5 million, compared to a cash flow provided of $13.8 million in the prior quarter [5]. - AOS ended the quarter with $162.3 million in cash and cash equivalents [5]. Business Outlook - For the fiscal third quarter ending March 31, 2024, AOS expects revenue to be approximately $150 million, with GAAP gross margin anticipated at 23.5% [6]. - The company anticipates a decrease in gross margin due to lower factory utilization related to seasonality and the Lunar New Year holiday [6]. Management Commentary - AOS CEO Stephen Chang noted that the fiscal Q2 results were in line with guidance, driven by recovery in various sectors, although offset by inventory corrections in gaming and weak demand for certain products [5]. - The CEO expressed confidence in the company's diverse product portfolio and its ability to navigate current market challenges while preparing for a potential resurgence in the second half of 2024 [5].

SUNNYVALE, Calif.--(BUSINESS WIRE)--As previously disclosed by Alpha and Omega Semiconductor Limited (the “Company”), since late 2019, the Company has been cooperating with the U.S. Department of Justice (“DOJ”) in connection with its criminal investigation into the Company’s compliance with export control regulations relating to certain business transactions with Huawei and its affiliates. On January 19, 2024, DOJ informed the Company that it has closed such investigation without any charges. The Company i ...

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 September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANG ...

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Q1 2024 Earnings Conference Call November 6, 2023 5:00 PM ET Company Participants Yujia Zhai - The Blueshirt Group, Investor Relations Stephen Chang - Chief Executive Officer Yifan Liang - Chief Financial Officer Conference Call Participants Jeremy Kwan - Stifel David Williams - Benchmark Craig Ellis - B. Riley Securities Operator Good afternoon. Thank you for attending today's Alpha and Omega Semiconductor Fiscal Q1 2024 Earnings Call. My name is Cole and ...