Alpha and Omega Semiconductor Limited Earnings Recaps
Q4 2026
Aug 15, 2026
Shares dropped 12.1% as investors reacted negatively to cautious near-term guidance and significant expected sequential declines in the Consumer segment, signaling concerns over margin pressure and uneven demand across key markets despite pockets of strength.
Key takeaways
- Q4 revenue was $170.4 million, down 3.5% year-over-year but up 4% sequentially; non-GAAP gross margin contracted to 23.7% with a non-GAAP loss per share of $0.13.
- Advanced Computing showed strong momentum with a 35% sequential increase, currently representing 31% of Computing revenue and expected to grow over 40% next quarter, driven by AI and server platforms.
- Consumer segment revenue fell 21.3% year-over-year but grew 8% sequentially; however, a sharp 25% sequential revenue decline is forecasted next quarter due to expected weakness across Gaming, Wearables, and Home Appliances.
- Communications segment revenue rose 22.3% year-over-year but declined 2.3% sequentially; mixed outlook due to premium smartphone strength being offset by ongoing supply constraints and lower-tier softness.
- Power Supply and Industrial segment grew modestly, up 1.4% year-over-year and 5.2% sequentially, with momentum in E-Mobility and AI-related DC fans partially offset by weakness in Quick Chargers and AC-DC power supplies.
Q2 2026
Feb 6, 2026
Alpha and Omega Semiconductor reported fiscal Q2 2026 revenue of $162.3 million, reflecting seasonal fluctuations across key markets and a strategic transition toward higher-margin applications. While revenue decreased year-over-year and sequentially, the company’s focus on premium solutions is gaining traction, evidenced by disciplined capital allocation and strategic investments.
Key takeaways
- Revenue declined 6.3% YoY and 11.1% sequentially, slightly above the guidance midpoint.
- Non-GAAP gross margin stood at 22.2%, with a reported non-GAAP EPS loss of 16¢ per share.
- The company repurchased $13.9 million worth of shares, maintaining confidence in its strategy and financial position.
- Continued investment in high-performance markets, particularly in AI and advanced computing, supports longer-term growth objectives.
- Future upside anticipated as new platforms are expected to ramp up in 2026 and beyond.