Alpha And Omega Semiconductor Stock Earnings Reports

Alpha and Omega Semiconductor (AOS) reported fiscal Q1 2026 revenue of $182.5M (midpoint of guidance), non-GAAP gross margin of 24.1% and non-GAAP EPS of $0.13. Product revenue excluding licensing was up ~3.3% YoY. Power ICs grew to a record quarterly high, representing nearly 40% of product revenue (Power ICs +37% YoY, +5.9% QoQ). Computing (53% of revenue) led results but is guided to decline ~20% sequentially in Dec quarter due to seasonality and a digestion phase in AI/graphics. Consumer and Power Supply & Industrial were softer; wearables and some power-tool/e-mobility wins showed pockets of strength. Management announced support for an 800-volt DC power architecture for next-generation AI data centers and emphasized a strategic shift from component supplier to total power solutions. AOS received the first ~$94M installment from a JV equity sale (total proceeds to date cited as ~$176M), and intends to deploy proceeds selectively into R&D, system-level engineering, and targeted capacity/equipment to accelerate growth in high-performance and higher-margin markets (AI, PCs, smartphones). December-quarter guidance: product revenue approx. $160M ±$10M; non-GAAP gross margin ~23% ±1%; non-GAAP Opex ~$40.5M ±$1M; CapEx expected $14–$16M. Management expects steady growth through 2026 with stronger acceleration in 2027 as design-ins convert to volume production.