NASDAQ$AOSL

Alpha and Omega Semiconductor Limited · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

AOS reported strong revenue growth and robust bottom line performance, driven by shipments in computing and consumer applications.

Alpha and Omega Semiconductor (AOS) reported financial results for the fiscal first quarter of 2021 ended September 30, 2020. Revenue was $151.6 million, an increase of 23.8% from the prior quarter and an increase of 28.6% from the same quarter last year. GAAP net income per share attributable to AOS was $0.36, compared to $0.00 for the prior quarter and $0.04 for the same quarter a year ago.

  • Revenue increased by 28.6% compared to the same quarter last year.
  • GAAP gross margin increased to 28.1% from 22.9% in the same quarter last year.
  • GAAP operating income was $10.3 million, up from a $0.6 million loss in the same quarter last year.
  • Non-GAAP earnings per share attributable to AOS was $0.55 compared to $0.26 for the same quarter a year ago.

Headline financials

Total Revenue

$152M

Previous: $118M+28.6%
EPS (adj)

$0.55

Previous: $0.26+111.5%
Non-GAAP Gross Margin

29.0%

No prior period
Operating Cash Flow

$9.85M

No prior period
Free Cash Flow

$9.57M

Previous: $1.01M+848.9%
Net Income

$9.57M

Previous: $1.01M+848.9%
Operating Income

$10.3M

Previous: -$621K+1763.0%
Gross Profit

$42.5M

Previous: $26.9M+57.9%
Cash & Equivalents

$155M

Previous: $103M+50.0%
Total Assets

$812M

Previous: $750M+8.2%
Stock-Based Comp

$2.88M

Previous: $2.37M+21.4%

Revenue & EPS history

AOS · Revenue · Quarterly

$152M

Q1 2021+28.6%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

AOS expects revenue to be approximately $153 million, plus or minus $3 million, for the second quarter of fiscal year 2021. GAAP gross margin is expected to be approximately 28.0% plus or minus 1%, and non-GAAP gross margin is expected to be approximately 29.0% plus or minus 1%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.8%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+3.1%

Avg return

30 days after

49%

31 / 63 earnings

Positive

+28.0%

Q4 2016

Best reaction

-27.4%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-24.2%-23.5%-15.0%
Q2 2026-5.1%-6.9%-11.8%
Q1 2026-27.4%-30.1%-21.6%
Q3 2025+2.9%+23.6%+14.5%
Q2 2025-3.7%-18.2%-36.6%
Q1 2025-21.3%-22.1%+44.6%
Q4 2024+1.4%+0.8%-7.0%
Q3 2024+21.5%+21.8%+33.3%
Q2 2024-11.8%-10.0%-5.7%
Q1 2024-16.6%-18.7%-15.0%
Q4 2023+2.2%-2.3%-12.4%
Q3 2023-0.4%-3.1%+18.5%
Q2 2023-15.4%-20.3%-28.0%
Q1 2023+1.9%+6.1%+7.8%
Q4 2022+14.5%+23.0%-0.1%
Q3 2022-19.1%-25.2%-10.4%
Q2 2022+14.0%+10.6%+5.9%
Q1 2022+14.4%+16.9%+34.3%
Q4 2021+1.1%-4.4%+6.2%
Q3 2021+0.8%-3.8%+7.7%
Q2 2021+2.0%+3.2%+0.0%
Q1 2021+14.0%+18.4%+51.8%
Q4 2020+23.1%+24.9%+15.9%
Q3 2020-1.0%-0.5%+6.4%
Q2 2020-9.4%-11.7%-15.0%
Q1 2020-9.3%-6.4%-11.7%
Q4 2019+27.0%+23.0%+36.6%
Q3 2019-1.6%-9.1%-29.7%
Q2 2019-10.3%-11.5%-8.4%
Q1 2019+18.8%+16.4%+18.9%
Q4 2018+18.8%+11.3%+3.0%
Q3 2018-5.1%-2.6%+0.8%
Q2 2018-3.8%-5.7%+8.1%
Q1 2018-5.0%-4.4%-4.3%
Q4 2017-10.9%-6.9%-12.5%
Q3 2017+24.0%+15.7%+17.8%
Q2 2017+1.4%+1.6%-14.7%
Q1 2017-7.2%+2.5%+1.3%
Q4 2016+28.0%+30.0%+47.0%
Q3 2016+8.2%
Q2 2016+17.3%
Q1 2016+0.2%
Q4 2015+0.8%
Q3 2015-0.5%
Q2 2015+0.3%
Q1 2015-12.6%
Q4 2014+0.5%
Q3 2014-2.1%
Q2 2014-0.7%
Q1 2014-7.3%
Q4 2013-1.8%
Q3 2013-14.9%
Q2 2013-0.3%
Q1 2013+8.0%
Q4 2010+0.7%
Q4 2012+19.0%
Q3 2011-0.7%
Q3 2012+6.7%
Q2 2011-3.6%
Q2 2012+11.1%
Q4 2011-2.7%
Q1 2011-2.7%
Q1 2012+5.0%
Q3 2010

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