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Mar 31, 2024
AOS Q3 2024 Earnings Report
Reported financial results for the fiscal third quarter of 2024 ended March 31, 2024.
Key Takeaways
Alpha and Omega Semiconductor reported revenue of $150.1 million, a GAAP gross margin of 23.7%, and a GAAP operating loss of $10.5 million for the fiscal third quarter of 2024.
Revenue was $150.1 million, a decrease of 9.2% from the prior quarter and an increase of 13.2% from the same quarter last year.
GAAP gross margin was 23.7%, down from 26.6% in the prior quarter and up from 23.2% in the same quarter last year.
Non-GAAP net loss per share was $0.04 compared to $0.24 net income per share for the prior quarter and 0.21 net loss per share for the same quarter a year ago.
The Company closed the quarter with $174.4 million of cash and cash equivalents.
Forward Guidance
AOS expects revenue to be approximately $160 million, plus or minus $10 million for the fiscal fourth quarter of year 2024.
Positive Outlook
- Revenue to be approximately $160 million, plus or minus $10 million.
- GAAP gross margin to be 24.7%, plus or minus 1%.
- Non-GAAP gross margin to be 26.3%, plus or minus 1%.
- GAAP operating expenses to be in the range of $47.9 million, plus or minus $1 million.
- Non-GAAP operating expenses are expected to be in the range of $39.5 million, plus or minus $1 million.
Challenges Ahead
- Net interest expense to be approximately $0.5 million.
- Income tax expense to be approximately $0.9 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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