NASDAQ$AOSL
Alpha and Omega Semiconductor Limited · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
AOS's financial performance declined due to industry-wide inventory correction and weak consumer demand.
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.
Headline financials
Revenue & EPS history
AOS · Revenue · Quarterly
$133M
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
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
+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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