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Sep 30, 2022
AOS Q1 2023 Earnings Report
AOS's Q1 2023 financial results were reported, with revenue reaching a record high and non-GAAP EPS exceeding expectations.
Key Takeaways
Alpha and Omega Semiconductor (AOS) reported its fiscal first quarter 2023 results, revealing a record high in revenue at $208.5 million, driven by an 11.5% year-over-year growth. The non-GAAP EPS was reported at $1.20. The company anticipates an industry inventory correction in PCs and smartphones in the near term.
Revenue reached a record high of $208.5 million, up 11.5% year-over-year.
Non-GAAP EPS was $1.20.
The company expects to be impacted by an industry inventory correction in PCs and smartphones.
Gaming and Quick Chargers segments have been a great success.
Forward Guidance
For the second quarter of fiscal year 2023, AOS expects revenue to be approximately $195 million, plus or minus $3 million. GAAP gross margin is anticipated to be 30.0%, plus or minus 1%, with non-GAAP gross margin expected to be 31.0%, plus or minus 1%. GAAP operating expenses are projected to be in the range of $43.5 million, plus or minus $1 million, while non-GAAP operating expenses are expected to be in the range of $34.5 million, plus or minus $1 million.
Positive Outlook
- Revenue to be approximately $195 million, plus or minus $3 million.
- GAAP gross margin to be 30.0%, plus or minus 1%.
- Non-GAAP gross margin to be 31.0%, plus or minus 1%.
- GAAP operating expenses to be in the range of $43.5 million, plus or minus $1 million.
- Non-GAAP operating expenses are expected to be in the range of $34.5 million, plus or minus $1 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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