Loading...
•
Mar 31, 2022
AOS Q3 2022 Earnings Report
AOS reported record revenue and non-GAAP EPS, driven by increased wafer capacity and product mix optimization, despite a cybersecurity incident resulting in a $1.5 million loss.
Key Takeaways
Alpha and Omega Semiconductor Limited reported a strong fiscal third quarter of 2022, with revenue reaching a record $203.2 million, a 20% increase year-over-year. Non-GAAP EPS also hit a record of $1.34, up 74% year-over-year. The company anticipates a $20 million to $25 million revenue impact in the June quarter due to the Shanghai COVID lockdown.
Revenue reached a record $203.2 million, up 20% year-over-year.
Non-GAAP EPS reached a record $1.34, up 74% year-over-year.
The company estimates a $20 million to $25 million revenue impact in the June quarter due to the Shanghai COVID lockdown.
The company closed the quarter with $323.1 million in cash and cash equivalents.
Forward Guidance
For the fourth quarter of fiscal year 2022, AOS expects revenue to be approximately $190 million, plus or minus $10 million and non-GAAP gross margin to be 33.0% plus or minus 2%.
Positive Outlook
- Shanghai facilities have resumed partial production at the end of April.
- Guidance is based on the assumptions that Shanghai facilities remain COVID free.
- Shanghai facilities can continue to ramp up its production gradually in May.
- Shanghai facilities can return to normal production in June.
- Expect to recover a good portion of the lost revenue in the second half of the calendar year once things normalize.
Challenges Ahead
- Revenue to be approximately $190 million, plus or minus $10 million, primarily reflecting the suspension of production at Shanghai packaging and testing facilities due to the impact of the Shanghai COVID lock down.
- GAAP gross margin to be 31.9% plus or minus 2%, reflecting the estimated impact of suspension of operations and incremental expenses required in response to the Shanghai COVID shut down and gradual resumption of production.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...