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Jun 30, 2020
AOS Q4 2020 Earnings Report
AOS's revenue increased, and the company achieved solid profitability.
Key Takeaways
Alpha and Omega Semiconductor Limited reported an increase in quarterly revenue and solid profitability, demonstrating the resilience of their business model. Revenue was $122.4 million, a 14.5% increase quarter-over-quarter and a 9.4% increase year-over-year. Non-GAAP earnings per share attributable to AOS was $0.29, compared to $0.11 for the prior quarter and $0.35 for the same quarter last year.
AOS weathered the economic challenges caused by COVID-19.
Implemented protective measures for employee health and safety.
Adjusted operations to continue serving customers and business partners effectively.
Deepened partnerships with customers, driving closer engagement and increased AOS content per customer product.
Forward Guidance
For the fiscal first quarter ending September 30, 2020, AOS expects revenue to be in the range of $134 million to $138 million and gross margin to be 26.0% plus or minus 1%. Non-GAAP gross margin is expected to be 27.7% plus or minus 1%. GAAP operating expenses are expected to be in the range of $32.8 million plus or minus $1 million. Non-GAAP operating expenses are expected to be in the range of $27.8 million plus or minus $1 million.
Positive Outlook
- Revenue is expected to be in the range of $134 million to $138 million.
- Gross margin is expected to be 26.0% plus or minus 1%.
- Non-GAAP gross margin is expected to be 27.7% plus or minus 1%.
- GAAP operating expenses are expected to be in the range of $32.8 million plus or minus $1 million.
- Non-GAAP operating expenses are expected to be in the range of $27.8 million plus or minus $1 million.
Challenges Ahead
- Non-GAAP gross margin excludes $0.4 million of estimated share-based compensation charges and $2.0 million of estimated production ramp-up costs relating to the JV Company.
- Both GAAP and non-GAAP operating expenses include $3.2 million to $3.5 million of estimated expenses relating to the development of our digital power business.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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