NASDAQ$AOSL

Alpha and Omega Semiconductor Limited · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

AOS's Q4 2024 financial performance was reported, revealing flat revenue year-over-year and a GAAP operating loss, but driven by growth in gaming, tablets, e-mobility, A.I., and home appliances segments.

Alpha and Omega Semiconductor (AOS) reported its Q4 fiscal year 2024 financial results, showing flat revenue compared to the same quarter last year. The company experienced a GAAP operating loss of $1.5 million, while non-GAAP operating income was $3.2 million. The company saw relative strength coming from gaming, tablets, e-mobility, A.I., and home appliances.

  • Revenue was $161.3 million, flat year-over-year and up 7.5% quarter-over-quarter.
  • GAAP gross margin was 25.7%, down from 27.6% year-over-year and up from 23.7% in the prior quarter.
  • Non-GAAP earnings per share was $0.09, compared to a $0.04 net loss per share for the prior quarter and $0.19 net earnings per share for the same quarter last year.
  • The company closed the quarter with $175.1 million in cash and cash equivalents.

Headline financials

Total Revenue

$161M

Previous: $162M-0.1%
EPS (adj)

$0.09

Previous: $0.19-52.6%
GAAP Gross Margin

25.7%

No prior period
Non-GAAP Gross Margin

26.4%

No prior period
Non-GAAP Operating Income (Loss)

$3.2M

No prior period
Non-GAAP Net Income (Loss)

$2.6M

No prior period
Non-GAAP Operating Margin

2.0%

No prior period
Non-GAAP Net Margin

1.6%

No prior period
Capital Expenditures

$7.33M

Previous: $19.2M-61.8%
Net Income

-$2.73M

Previous: -$1.1M-147.5%
Operating Income

-$1.5M

Previous: $2.61M-157.4%
Gross Profit

$41.4M

Previous: $44.6M-7.1%
R&D Expense

$21.8M

No prior period
Stock-Based Comp

$3.57M

Previous: $3.37M+5.9%

Revenue & EPS history

AOS · Revenue · Quarterly

$161M

Q4 2024-0.1%vs Q4 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

For the fiscal first quarter ending September 30, 2024, AOS expects revenue to be $180 million plus or minus $10 million and gross margin to be 25.0% plus or minus 1%.

Tailwinds

  • Revenue is expected to be $180 million plus or minus $10 million.
  • Gross margin is expected to be 25.0% plus or minus 1%. Non-GAAP gross margin is expected to be 26.4% plus or minus 1%.
  • Non-GAAP operating expenses are expected to be in the range of $40.0 million plus or minus $1 million.

Headwinds

  • GAAP operating expenses are expected to be in the range of $47.0 million, plus or minus $1 million.
  • Tax expense is expected to be in the range of $0.9 million to $1.1 million.

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 Q4 2024

Historical avgQ4 2024

+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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