AOSL Fiscal Q4 2026 Earnings Call: AI Growth Drives Mix, September Guidance at $176M
Source Tradingkey
Key Takeaways
- Alpha and Omega Semiconductor (AOSL) reported fiscal Q4 2026 revenue of $170.4 million, up 4% sequentially and down 3.5% year over year. Revenue finished above the midpoint of management’s guidance.
- Non-GAAP gross margin improved to 23.7% from 21.7% in the prior quarter, primarily due to a better product mix and higher utilization. Non-GAAP loss narrowed to $0.13 per share from $0.28.
- Advanced Computing revenue increased 35% sequentially and reached a record 31% of Computing segment revenue, supported by AI, server, workstation and cloud applications.
- For the September 2026 quarter, management expects revenue of approximately $176 million, plus or minus $10 million, and non-GAAP gross margin of 24.5%, plus or minus 1 percentage point.
- Management expects Advanced Computing revenue to grow more than 40% sequentially in the September quarter. AI and server revenue alone is projected to rise more than 60% and account for most of Advanced Computing.
- Flooding caused by Typhoon Dolphin affected AOSL’s Shanghai packaging operations. The company’s initial assessment indicated a September-quarter revenue impact of a few million dollars, along with some margin pressure already reflected in guidance.
Core Financial Results
| Metric | Fiscal Q4 2026 result | Comparison and commentary |
|---|---|---|
| Revenue | $170.4 million | Up 4% sequentially; down 3.5% year over year |
| DMOS revenue | $113.2 million | Down 1.6% sequentially; up 5.6% year over year |
| Power IC revenue | $55.5 million | Up 18.2% sequentially; down 19.3% year over year |
| Assembly services and other revenue | $1.7 million | $1.9 million in the prior quarter; $0.5 million a year earlier |
| Non-GAAP gross margin | 23.7% | 21.7% in the prior quarter; 24.4% a year earlier |
| Non-GAAP operating expenses | $45.3 million | $44.3 million in the prior quarter; increase mainly reflected higher R&D spending |
| Non-GAAP EPS | Loss of $0.13 | Loss of $0.28 in the prior quarter; earnings of $0.02 a year earlier |
| Operating cash flow | Negative $10.0 million | Negative $8.3 million in the prior quarter |
| EBITDA excluding equity-method investment income and loss | $10.1 million | $5.9 million in the prior quarter; $10.5 million a year earlier |
| Quarter-end cash | $180.8 million | $190.3 million at the end of the prior quarter |
| Net inventory | Up $2.3 million sequentially | Average inventory days were 138, versus 139 previously |
| Capital expenditure | $14.9 million | $12.1 million in the prior quarter |
Business and Operating Performance
Computing
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Oil prices surged 5% following direct Israel-Iran strikes, while gold tumbled below $4,300 as a blowout U.S. jobs report fueled intense market anxieties over a December Federal Reserve rate hike.
XRP (XRP) price trades near $1.05, caught between a year-long downtrend and a sudden burst of buying.July has historically rewarded XRP holders. This year the month arrives with on-chain accumulation
Intel Corporation (NASDAQ: INTC) sits at $140.05, holding firm on the ascending trendline within the 2H timeframe. The RSI indicator is currently reading 55.21, positioning it as neutral-
Gold holds above $4,350 following weak US jobs data. As inflation reports approach and UBS eyes $5,000, can XAUUSD break resistance at $4,435 to rally toward $4,500?
Gold Price Analysis Today: Gold Drops 1.32% Despite Lower Fed Rate-Hike Bets, Can $4,313 Support Hold?
Gold fell 1.32% on August 13 after rising to $4,449.73, then reversing lower and closing near $4,349.918 below the $4,356.46 support. Softer US inflation data reduced Fed rate hike expectations, but selling pressure still dominated the session. Will $4,313 support hold?
Gold fell 1.32% on August 13 after rising to $4,449.73, then reversing lower and closing near $4,349.918 below the $4,356.46 support. Softer US inflation data reduced Fed rate hike expectations, but selling pressure still dominated the session. Will $4,313 support hold?
