NASDAQ$AOSL
Alpha and Omega Semiconductor Limited · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
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.
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.
Headline financials
Revenue & EPS history
AOS · Revenue · Quarterly
$203M
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%.
Tailwinds
- 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.
Headwinds
- 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.
- Non-GAAP gross margin guidance excludes $0.8 million amortization of acquired IP.
- Non-GAAP gross margin guidance excludes $1.3 million of estimated share-based compensation charges.
- Non-GAAP operating expenses exclude $8.1 million of estimated share-based compensation charges and $0.2 million of estimated legal expenses relating to the government investigation.
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 Q3 2022
+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
| Quarter | Report date | Reaction (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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