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Dec 31, 2024
AOS Q2 2025 Earnings Report
Alpha and Omega Semiconductor reported financial results for the fiscal second quarter of 2025.
Key Takeaways
Alpha and Omega Semiconductor reported revenue of $173.2 million for the fiscal second quarter of 2025, a decrease of 4.8% from the prior quarter but an increase of 4.8% from the same quarter last year. The company reported a GAAP net loss of $6.6 million and a non-GAAP net income of $2.7 million.
Revenue for Q2 2025 was $173.2 million, down 4.8% sequentially but up 4.8% year-over-year.
GAAP gross margin was 23.1%, a decrease from 24.5% in the prior quarter and 26.6% in the same quarter last year.
The company reported a GAAP net loss of $6.6 million, or $0.23 per diluted share.
Non-GAAP net income was $2.7 million, or $0.09 per diluted share.
Forward Guidance
For the fiscal third quarter of 2025, Alpha and Omega Semiconductor expects revenue to be approximately $158 million, plus or minus $10 million. GAAP gross margin is projected to be 21.5%, plus or minus 1%, and non-GAAP gross margin to be 22.5%, plus or minus 1%.
Positive Outlook
- Anticipated strength in Communications and Industrial segments.
- Sequential growth in graphics cards, quick chargers, PC desktops, and power tools.
- Strategic focus to 'go deeper' with total solutions, expanding addressable markets and achieving higher BOM content and market share.
- Well-positioned for growth driven by strategic focus.
- Non-GAAP operating expenses expected to be in the range of $39.5 million, plus or minus $1 million.
Challenges Ahead
- Typical seasonal decline in the March quarter, primarily in markets for battery PCM in smartphones and quick chargers.
- Limited visibility for the remainder of calendar year 2025.
- Expected quarter-over-quarter decline in gross margin largely due to decrease in license and engineering service revenue.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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