Alpha and Omega Semiconductor Reports Financial Results for the Fiscal Third Quarter of 2024 Ended March 31, 2024

SUNNYVALE, Calif. — (BUSINESS WIRE) — May 6, 2024 — Alpha and Omega Semiconductor Limited (“AOS”) (NASDAQ: AOSL) today reported financial results for the fiscal third quarter of 2024 ended March 31, 2024.

The results for the fiscal third quarter of 2024 ended March 31, 2024 were as follows:

GAAP Financial Comparison

Quarterly

(in millions, except percentage and per share data)

(unaudited)

 

 

Three Months Ended

 

 

March 31,
2024

 

December 31,
2023

 

March 31,
2023

Revenue

 

$

150.1

 

 

$

165.3

 

 

$

132.6

 

Gross Margin

 

 

23.7

%

 

 

26.6

%

 

 

23.2

%

Operating Loss

 

$

(10.5

)

 

$

(1.1

)

 

$

(14.4

)

Net Loss

 

$

(11.2

)

 

$

(2.9

)

 

$

(18.9

)

Net Loss Per Share - Diluted

 

$

(0.39

)

 

$

(0.10

)

 

$

(0.68

)

Non-GAAP Financial Comparison

Quarterly

(in millions, except percentage and per share data)

(unaudited)

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31, 2024

 

December 31, 2023

 

March 31, 2023

Revenue

 

$

150.1

 

 

$

165.3

 

 

$

132.6

 

Non-GAAP Gross Margin

 

 

25.2

%

 

 

28.0

%

 

 

25.1

%

Non-GAAP Operating Income (Loss)

 

$

(1.1

)

 

$

8.4

 

 

$

(2.9

)

Non-GAAP Net Income (Loss)

 

$

(1.2

)

 

$

7.2

 

 

$

(5.9

)

Non-GAAP Net Income (Loss) Per Share - Diluted

 

$

(0.04

)

 

$

0.24

 

 

$

(0.21

)


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