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
Financial Markets 2026: Volatility Catalysts in Gold, Silver, Oil, and Blue-Chip Stocks—A CFD Trader's OutlookGet a comprehensive financial market 2026 outlook exploring key economic drivers, volatility catalysts in gold, oil and stocks, and what the evolving economic outlook means for cfd trading strategies and risk management on global markets.
Get a comprehensive financial market 2026 outlook exploring key economic drivers, volatility catalysts in gold, oil and stocks, and what the evolving economic outlook means for cfd trading strategies and risk management on global markets.
As of the European session on August 11, gold prices (XAUUSD) briefly topped $4,400 intraday, reaching a high of $4,435.2, its highest level since June 5. However, gains subsequently narr
WTI declines below $82.50 as oil inventories rise far more than expectedWest Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 during the early Asian trading hours on Thursday. WTI declines on a larger-than-expected build in US crude oil inventories. Traders will closely monitor the developments surrounding US-Iran talks for fresh impetus.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 during the early Asian trading hours on Thursday. WTI declines on a larger-than-expected build in US crude oil inventories. Traders will closely monitor the developments surrounding US-Iran talks for fresh impetus.
Here is what you need to know on Thursday, August 13:
WTI remains below $80.50 as traders monitor diplomatic efforts to reopen HormuzWest Texas Intermediate (WTI) oil price remains subdued for the third successive day, trading around $80.30 per barrel during the Asian hours on Friday. Crude oil prices edge lower as investors adopt a wait-and-see approach, closely monitoring diplomatic attempts to reopen the Strait of Hormuz.
West Texas Intermediate (WTI) oil price remains subdued for the third successive day, trading around $80.30 per barrel during the Asian hours on Friday. Crude oil prices edge lower as investors adopt a wait-and-see approach, closely monitoring diplomatic attempts to reopen the Strait of Hormuz.
