Alpha and Omega Semiconductor Limited · Q4 2022 earnings

Briefing

AOS reported strong Q4 2022 financial results, outperforming guidance midpoint despite challenges in Shanghai.

Alpha and Omega Semiconductor Limited reported Q4 revenue of $194.0 million, a 9.4% increase year-over-year. GAAP EPS was $0.53 and Non-GAAP EPS was $0.95. The company ended the quarter with $314.4 million in cash and cash equivalents.

• Revenue increased by 9.4% year-over-year to $194.0 million.
• GAAP gross margin was 32.6%, while Non-GAAP gross margin was 33.8%.
• GAAP EPS was $0.53, and Non-GAAP EPS was $0.95.
• The company closed the quarter with $314.4 million in cash and cash equivalents.

Headline financials

Revenue & EPS history

For the fiscal Q1 ending September 30, 2022, AOS expects revenue to be $210 million plus or minus $3 million and gross margin to be 33.8% plus or minus 1%. Non-GAAP gross margin is expected to be 35.0% plus or minus 1%. GAAP operating expenses are expected to be in the range of $45.7 million, plus or minus $1 million. Non-GAAP operating expenses are expected to be in the range of $36.5 million plus or minus $1 million. Interest expense is expected to be $1.2 million, and Tax expense is expected to be $1.2 million to $1.4 million.