Quarterly ResultMay 6, 2026, 04:20 PM
Alpha and Omega Semiconductor Q3 Revenue $163.8M; GAAP EPS $(0.46) Loss
AI Summary
Alpha and Omega Semiconductor reported fiscal Q3 2026 revenue of $163.8 million, a 0.9% sequential increase but a 0.5% year-over-year decrease. The company posted a GAAP net loss of $(13.8) million, or $(0.46) per diluted share, and a non-GAAP net loss of $(8.3) million, or $(0.28) per diluted share, both worsening from prior periods. Management indicated results were slightly above guidance, driven by strength in Advanced Computing and a Tier One U.S. smartphone customer, offsetting PC seasonality and consumer weakness. The company anticipates a return to sequential growth and margin expansion in Q4, with revenue guidance of approximately $168 million and non-GAAP gross margin of 23.0%.
Key Highlights
- Fiscal Q3 2026 Revenue: $163.8 million, up 0.9% sequentially and down 0.5% year-over-year.
- GAAP Net Loss: $(13.8) million, resulting in a diluted EPS of $(0.46).
- Non-GAAP Net Loss: $(8.3) million, resulting in a diluted EPS of $(0.28).
- Advanced Computing revenue (AI, servers, graphics) more than doubled sequentially, up over 40% YoY.
- Q4 2026 Revenue Guidance: Approximately $168 million, plus or minus $10 million.
- Q4 2026 Non-GAAP Gross Margin Guidance: 23.0%, plus or minus 1%.
- Company repurchased 214,000 shares for $4.2 million under its share buy-back program.
- Closed the quarter with $190.3 million in cash and cash equivalents.