Alpha and Omega Semiconductor (AOS) reported financial results for the fiscal first quarter of 2021 ended September 30, 2020. Revenue was $151.6 million, an increase of 23.8% from the prior quarter and an increase of 28.6% from the same quarter last year. GAAP net income per share attributable to AOS was $0.36, compared to $0.00 for the prior quarter and $0.04 for the same quarter a year ago.
Revenue increased by 28.6% compared to the same quarter last year.
GAAP gross margin increased to 28.1% from 22.9% in the same quarter last year.
GAAP operating income was $10.3 million, up from a $0.6 million loss in the same quarter last year.
Non-GAAP earnings per share attributable to AOS was $0.55 compared to $0.26 for the same quarter a year ago.
AOS expects revenue to be approximately $153 million, plus or minus $3 million, for the second quarter of fiscal year 2021. GAAP gross margin is expected to be approximately 28.0% plus or minus 1%, and non-GAAP gross margin is expected to be approximately 29.0% plus or minus 1%.
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