AOSL

MKT CAP:$1B

Alpha and Omega Semiconductor Limited

Market Cap

$1B

Technology·Semiconductors·🇺🇸 United States·NASDAQ

Technology·Semiconductors·🇺🇸·NASDAQ

Stock Price

$44.45+$23.79 (+115.15%)

Apr 24, 2026

Company Details

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and inte...

CEO

Stephen Chunping Chang

IPO Date

Apr 29, 2010

Website

www.aosmd.com

Key Metrics TTM

Revenue

$686M

+2.9% YoY

Net Income

-$103M

EPS (Diluted)

-$3.47

Free Cash Flow

-$41M

Revenue / Share

$23.00

Gross Margin

22.5%

Operating Margin

-5.9%

Net Margin

-15.1%

FCF Margin

-6.0%

P/S

1.9x

P/E

—

Earnings Reports

Q3 2026

May 6, 2026

PENDING

Q2 2026

Feb 5, 2026

$162M-6.3%EPS -$0.45

Q1 2026

Nov 6, 2025

$183M+0.3%EPS -$0.07

FY 2025

Aug 28, 2025

$696M+5.9%EPS -$3.30

Q4 2025

Aug 28, 2025

$176M+9.4%EPS -$2.58

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 22	$203M	$72M	$31M
Q4 22	$194M	$63M	$18M
Q1 23	$208M	$71M	$26M
Q2 23	$189M	$53M	$9M
Q3 23	$133M	$31M	-$14M
Q4 23	$162M	$45M	$3M
Q1 24	$181M	$51M	$9M
Q2 24	$165M	$44M	-$1M
Q3 24	$150M	$36M	-$11M
Q4 24	$161M	$41M	-$1M
Q1 25	$182M	$45M	-$252.0K
Q2 25	$173M	$40M	-$6M
Q3 25	$165M	$35M	-$11M
Q4 25	$176M	$41M	-$12M
Q1 26	$183M	$43M	-$5M
Q2 26	$162M	$35M	-$14M

Valuation

Quarter	P/S	P/E
Q3 22	—	—
Q4 22	—	—
Q1 23	1.9x	18.5x
Q2 23	1.7x	16.7x
Q3 23	1.8x	46.4x
Q4 23	1.9x	107.1x
Q1 24	2.0x	—
Q2 24	2.1x	—
Q3 24	2.0x	—
Q4 24	2.0x	—
Q1 25	2.0x	—
Q2 25	2.0x	—
Q3 25	1.9x	—
Q4 25	1.9x	—
Q1 26	1.9x	—
Q2 26	1.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	$62M	$18M
Q4 22	$26M	-$14M
Q1 23	$37M	-$4M
Q2 23	$340.0K	-$28M
Q3 23	$12M	-$11M
Q4 23	-$28M	-$47M
Q1 24	$14M	$1M
Q2 24	-$23M	-$33M
Q3 24	$28M	$20M
Q4 24	$7M	-$210.0K
Q1 25	$11M	$4M
Q2 25	$14M	$7M
Q3 25	$7M	-$1M
Q4 25	-$3M	-$17M
Q1 26	$10M	$32.0K
Q2 26	-$8M	-$23M

Capital Expenditures

Quarter	CapEx
Q3 22	$43M
Q4 22	$40M
Q1 23	$40M
Q2 23	$28M
Q3 23	$23M
Q4 23	$19M
Q1 24	$13M
Q2 24	$10M
Q3 24	$8M
Q4 24	$7M
Q1 25	$7M
Q2 25	$8M
Q3 25	$8M
Q4 25	$14M
Q1 26	$10M
Q2 26	$15M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 23	+127.5%	+116.7%
Q3 23	-34.8%	-14.6%
Q4 23	-16.7%	-9.6%
Q1 24	-13.4%	-6.4%
Q2 24	-12.4%	-7.5%
Q3 24	+13.2%	+9.3%
Q4 24	-0.1%	+2.4%
Q1 25	+0.7%	+6.4%
Q2 25	+4.8%	+7.6%
Q3 25	+9.7%	+9.2%
Q4 25	+9.4%	+15.5%
Q1 26	+0.3%	+2.7%
Q2 26	-6.3%	-1.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$8M	4.1%
Q4 22	$10M	5.1%
Q1 23	$11M	5.1%
Q2 23	$13M	6.9%
Q3 23	$10M	7.9%
Q4 23	$3M	2.1%
Q1 24	$918.0K	0.5%
Q2 24	$9M	5.3%
Q3 24	$8M	5.6%
Q4 24	$4M	2.2%
Q1 25	$7M	3.8%
Q2 25	$8M	4.6%
Q3 25	$7M	4.3%
Q4 25	$8M	4.3%
Q1 26	$7M	3.9%
Q2 26	$8M	5.1%

OpEx Breakdown

Quarter	R&D	SG&A
Q3 22	$17M	$25M
Q4 22	$20M	$25M
Q1 23	$21M	$24M
Q2 23	$21M	$23M
Q3 23	$23M	$23M
Q4 23	$23M	$19M
Q1 24	$22M	$19M
Q2 24	$23M	$22M
Q3 24	$23M	$23M
Q4 24	$22M	$21M
Q1 25	$22M	$22M
Q2 25	$24M	$22M
Q3 25	$23M	$22M
Q4 25	$24M	$28M
Q1 26	$24M	$23M
Q2 26	$25M	$23M

Revenue Segments

Quarter	Packaging and testing services	Power Discrete	Power IC	License And Development Services
Q3 22	$2M	$141M	$60M	—
Q4 22	$2M	$139M	$53M	—
Q1 23	$2M	$145M	$62M	—
Q2 23	$1M	$138M	$50M	—
Q3 23	$552.0K	$81M	$47M	$4M
Q4 23	$638.0K	$95M	$59M	$4M
Q1 24	$745.0K	$122M	$53M	$6M
Q2 24	$744.0K	$109M	$50M	$5M
Q3 24	$1M	$94M	$50M	$5M
Q4 24	$1M	$102M	$53M	—
Q1 25	$852.0K	$122M	$53M	$6M
Q3 25	$438.0K	$107M	$55M	$3M
Q1 26	$1M	$109M	$73M	—
Q2 26	$2M	$101M	$59M	—

Revenue by Geography

Quarter	China	Hong Kong	Korea, Republic Of	Other Countries	United States
Q3 22	$32M	$165M	$3M	$522.0K	$4M
Q4 22	$29M	$158M	$3M	$694.0K	$3M
Q1 23	$28M	$172M	$3M	$785.0K	$4M
Q2 23	$16M	$159M	$4M	$2M	$8M
Q3 23	$14M	$107M	$1M	$6M	$4M
Q4 23	$26M	$123M	$2M	$7M	$3M
Q1 24	$27M	$141M	$5M	$6M	$1M
Q2 24	$31M	$124M	$4M	$6M	$1M
Q3 24	$19M	$124M	$326.0K	$5M	$2M
Q4 24	$19M	$136M	$286.0K	$5M	$810.0K
Q1 25	$21M	$153M	$290.0K	$6M	$1M
Q3 25	$19M	$141M	$515.0K	$3M	$1M
Q1 26	$2M	$178M	$479.0K	$129.0K	$1M
Q2 26	$3M	$156M	$469.0K	$2M	$1M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$323M	$0	$323M
Q4 22	$314M	$0	$314M
Q1 23	$316M	$0	$316M
Q2 23	$288M	$0	$288M
Q3 23	$266M	$0	$266M
Q4 23	$195M	$0	$195M
Q1 24	$194M	$0	$194M
Q2 24	$162M	$0	$162M
Q3 24	$174M	$0	$174M
Q4 24	$175M	$0	$175M
Q1 25	$176M	$0	$176M
Q2 25	$183M	$0	$183M
Q3 25	$169M	$0	$169M
Q4 25	$153M	$0	$153M
Q1 26	$224M	$0	$224M
Q2 26	$196M	$0	$196M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 22	28M	+27.8%	—
Q4 22	28M	+0.2%	—
Q1 23	29M	+3.4%	—
Q2 23	30M	+0.5%	+33.0%
Q3 23	28M	-6.3%	-2.5%
Q4 23	28M	-0.4%	-3.0%
Q1 24	30M	+7.9%	+1.2%
Q2 24	28M	-6.2%	-5.5%
Q3 24	28M	+1.8%	+2.6%
Q4 24	29M	+1.6%	+4.6%
Q1 25	29M	+0.4%	-2.6%
Q2 25	29M	+0.5%	+4.4%
Q3 25	30M	+1.3%	+3.9%
Q4 25	30M	+1.3%	+3.6%
Q1 26	30M	+0.4%	+3.6%
Q2 26	30M	-0.7%	+2.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 22	$51.6K	4K
Q4 22	$79.1K	2K
Q1 23	$85.1K	2K
Q2 23	$77.0K	2K
Q3 23	$54.1K	2K
Q4 23	$65.4K	2K
Q1 24	$73.2K	2K
Q2 24	$67.0K	2K
Q3 24	$60.8K	2K
Q4 24	$69.2K	2K
Q1 25	$78.0K	2K
Q2 25	$74.3K	2K
Q3 25	$70.6K	2K
Q4 25	$72.7K	2K
Q1 26	$75.2K	2K
Q2 26	$66.8K	2K

Revenue / Employee