Earnings ·
Alpha & Omega reports $177.8M Q1 revenue, GAAP net loss of $0.20 per share
AOSLALPHA & OMEGA SEMICONDUCTOR Ltd
Alpha and Semiconductor reported fiscal first quarter 2027 revenue of $177.8 million, a 4.3% increase from the prior quarter but a 2.6% decline year-over-year. The company posted a GAAP net loss of $6.1 million, or $0.20 per diluted share, compared to a $13.1 million loss in the previous quarter and a $2.1 million loss a year ago. Non-GAAP results showed a narrower net loss of $2.1 million, or $0.07 per share, with non-GAAP gross margin expanding 150 basis points sequentially to 25.2%. Revenue growth was driven by a more than 65% sequential surge in AI and server applications, which now account for approximately 20% of total revenue, offsetting weakness in traditional PCs and consumer electronics. The company provided Q2 guidance expecting revenue of approximately $180 million plus or minus $10 million. Alpha and Omega Semiconductor Limited is a designer, developer, and global supplier of discrete power devices, wide bandgap power devices, and power management ICs.