Alpha and Omega Semiconductor Reports Financial Results for the Fiscal Second Quarter of 2016 Ended December 31, 2015

SUNNYVALE, Calif., Feb. 03, 2016 (GLOBE NEWSWIRE) -- Alpha and Omega Semiconductor Limited (“AOS”) (NASDAQ:AOSL), today reported financial results for the fiscal second quarter of 2016 ended December 31, 2015.

The results for the fiscal second quarter of 2016 ended December 31, 2015 were as follows:

GAAP Financial Comparison
Quarterly
(in millions except percentage and per share data)
(unaudited)
 
  Three Months Ended
  December 31, 2015 September 30, 2015 December 31, 2014
Revenue $79.8  $81.4  $81.3 
Gross Margin 18.8% 18.5% 18.7%
Operating Loss $(0.6) $(0.8) $(0.3)
Net Loss $(1.6) $(2.0) $(1.3)
Loss Per Share - Diluted $(0.07) $(0.09) $(0.05)
             

On a non-GAAP basis excluding the effect of share-based compensation charges in each of the periods presented and impairment of long-lived assets in the current quarter ended December 31, 2015, the results were as set forth below (see detailed reconciliation included at the end of this press release).

Non-GAAP Financial Comparison
Quarterly
(in millions except percentage and per share data)
(unaudited)
       
  Three Months Ended
  December 31, 2015 September 30, 2015 December 31, 2014
Revenue $79.8  $81.4  $81.3 
Gross Margin 19.0% 18.7% 19.0%
Operating Income $0.9  $  $1.0 
Net Loss $(0.1) $(1.2) $ 
Loss Per Share - Diluted $  $(0.05) $ 
             

“AOS closed the December quarter with strong execution, and delivered better than expected revenue and improved gross margin,” said Dr. Mike Chang, AOS chairman and CEO. “At the same time, we continued to generate healthy cash flow, and returned capital to shareholders through our repurchase program.”

“Our strategy of delivering differentiated products into diversified markets continues to gain strong traction at the design win level.  Although we are not immune from the current market turbulence, based on the new product momentum coupled with growing orders from expanded customer base, we remain confident that AOS can achieve meaningful revenue growth and return to profitability in calendar year 2016.”

Business Outlook for Fiscal Q3 Ending March 31, 2016

The following statements are based on management's current expectations. These statements are forward-looking, and actual results may differ materially. AOS undertakes no obligation to update these statements. 

  • Revenue is expected to be between $79 million and $83 million.

  • GAAP gross margin is expected to be 18.5% plus or minus 1%. 

  • GAAP operating expenses are expected to be in the range of $15.2 million to $17.2 million. 

  • Tax expense is expected to be approximately $1.0 million to $1.2 million. 

1 | 2 | 3 | 4 | 5 | 6  Next Page »
Featured Video
Editorial
More Editorial  
Jobs
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
GPU Design Verification Engineer for AMD at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
Upcoming Events
MEMS & Sensors Executive Congress (MSEC 2024) at Château-Bromont Hotel in Bromont Quebec Canada - Oct 7 - 9, 2024
PCB West 2024 at Santa Clara Convention Center Santa Clara CA - Oct 8 - 11, 2024
DVcon Europe 2024 at Holiday Inn Munich City Center, Munich Germany - Oct 15 - 16, 2024
International Test Conference (ITC) at United States - Nov 3 - 8, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise