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Mar 31, 2020
AOS Q3 2020 Earnings Report
AOS's financial performance was reported for Q3 2020, showing a revenue decrease but managed to stay within expectations despite COVID-19 challenges.
Key Takeaways
Alpha and Omega Semiconductor reported Q3 2020 financial results, with revenue at $106.9 million, a 9.3% decrease from the prior quarter and a 2.0% decrease year-over-year. GAAP EPS was $(0.26) and non-GAAP EPS was $0.11. The company highlighted strong demand in Computing and Gaming.
AOS finished the March quarter in line with expectations, despite COVID-19 challenges.
Revenue was $106.9 million, a decrease of 9.3% from the prior quarter and a decrease of 2.0% from the same quarter last year.
GAAP net loss per share attributable to AOS was $0.26, compared to $0.04 for the prior quarter.
Non-GAAP earnings per share attributable to AOS was $0.11 compared to $0.23 for the prior quarter.
Forward Guidance
AOS expects revenue between $117 million and $121 million for Q4 2020. GAAP gross margin is expected to be approximately 22.0% plus or minus 1%. Non-GAAP gross margin is expected to be approximately 26.5% plus or minus 1%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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