Alpha and Omega Semiconductor (NASDAQ:AOSL) Releases Quarterly Earnings Results

06 May 2026, 20:18 by Doug Wharley · The Cerbat Gem

Alpha and Omega Semiconductor (NASDAQ:AOSL – Get Free Report) released its quarterly earnings results on Wednesday. The semiconductor company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.08, FiscalAI reports. The company had revenue of $163.79 million for the quarter, compared to analysts’ expectations of $160.07 million. Alpha and Omega Semiconductor had a negative net margin of 15.06% and a negative return on equity of 3.78%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned ($0.10) EPS.

Here are the key takeaways from Alpha and Omega Semiconductor’s conference call:

Revenue for fiscal Q3 was $163.8M (down 0.5% YoY, +0.9% QoQ) with non‑GAAP gross margin at 21.7% and a non‑GAAP EPS loss of $0.28, signaling continued pressure on profitability despite a cash balance of $190.3M.
Advanced computing (AI, servers, graphics) showed strong traction—medium‑voltage MOSFETs now represent ~25% of computing revenue, customer engagement and design activity are accelerating, and the company is expanding capacity with backlog giving good visibility.
The communications segment outperformed at +18.7% YoY driven by a Tier‑1 U.S. smartphone customer and BOM expansion for premium models, where rising charging currents are creating incremental content opportunities.
Management expects sequential growth and margin expansion in Q4 (guidance ~$168M ± $10M revenue, non‑GAAP gross margin ~23% ± 1%), while continuing disciplined R&D and targeted CapEx (~$15–17M guide) and executing share repurchases.

Alpha and Omega Semiconductor Trading Up 12.8%

NASDAQ:AOSL traded up $5.58 during midday trading on Wednesday, hitting $49.33. 2,684,498 shares of the stock were exchanged, compared to its average volume of 536,169. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -14.22 and a beta of 2.58. Alpha and Omega Semiconductor has a one year low of $17.01 and a one year high of $49.97. The business has a 50-day moving average price of $27.26 and a two-hundred day moving average price of $24.01.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AOSL. Zacks Research upgraded shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. B. Riley Financial increased their price objective on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Wall Street Zen lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a report on Saturday, February 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Monday, April 20th. Finally, Needham & Company LLC assumed coverage on shares of Alpha and Omega Semiconductor in a report on Friday, May 1st. They issued a “buy” rating and a $50.00 price target on the stock. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $30.50.

Get Our Latest Stock Analysis on AOSL

Insider Transactions at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 2,408 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $21.92, for a total value of $52,783.36. Following the sale, the executive vice president owned 113,631 shares of the company’s stock, valued at approximately $2,490,791.52. The trade was a 2.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mike F. Chang acquired 33,727 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was purchased at an average price of $19.00 per share, with a total value of $640,813.00. Following the acquisition, the director owned 4,369,574 shares of the company’s stock, valued at approximately $83,021,906. This trade represents a 0.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 59,860 shares of company stock valued at $1,913,960 in the last quarter. Company insiders own 16.70% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

A number of large investors have recently added to or reduced their stakes in AOSL. Northwestern Mutual Wealth Management Co. bought a new stake in Alpha and Omega Semiconductor during the third quarter worth approximately $62,000. Strs Ohio purchased a new position in Alpha and Omega Semiconductor in the 1st quarter worth about $70,000. iSAM Funds UK Ltd purchased a new position in Alpha and Omega Semiconductor in the 3rd quarter worth about $91,000. Tower Research Capital LLC TRC increased its stake in Alpha and Omega Semiconductor by 574.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,957 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 4,222 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Alpha and Omega Semiconductor by 146.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,123 shares of the semiconductor company’s stock worth $171,000 after purchasing an additional 3,635 shares in the last quarter. 78.97% of the stock is currently owned by institutional investors.

About Alpha and Omega Semiconductor

(Get Free Report)

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.