Loading...
•
Mar 31, 2023
AOS Q3 2023 Earnings Report
AOS's financial performance declined due to industry-wide inventory correction and weak consumer demand.
Key Takeaways
Alpha and Omega Semiconductor reported a decrease in revenue and a GAAP net loss for the fiscal third quarter of 2023, impacted by industry-wide inventory correction and weak consumer demand. However, the company is optimistic about recovery in the upcoming quarters.
Revenue was $132.6 million, a decrease of 29.8% from the prior quarter and 34.8% year-over-year.
GAAP gross margin was 23.2%, down from 28.1% in the prior quarter and 35.6% year-over-year.
GAAP operating loss was $14.4 million, compared to $8.8 million operating income in the prior quarter and $31.2 million operating income year-over-year.
The company closed the quarter with $265.9 million in cash and cash equivalents.
Forward Guidance
For the fourth quarter of fiscal year 2023, AOS expects revenue to be approximately $160 million, GAAP gross margin to be 24.0%, and non-GAAP gross margin to be 25.8%.
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...