Overview
Semiconductor maker's fiscal Q2 revenue beat analyst expectations
Adjusted EPS for fiscal Q2 missed analyst expectations
Company anticipates growth in smartphone and AI data center markets
Outlook
Company expects fiscal Q3 revenue of $160 mln, plus or minus $10 mln
Alpha and Omega Semiconductor anticipates GAAP gross margin of 20.2%, plus or minus 1%
Company sees growth in smartphones due to higher charging currents in 2026
Result Drivers
SMARTPHONE SALES - Revenue was driven by strong sales to a Tier One U.S. smartphone customer, reflecting market share gains and increased BOM content on premium platforms
R&D INVESTMENTS - Co is making focused R&D investments in performance-driven applications to support future growth
PC MARKET IMPACT - Overall PC demand is expected to be affected by tightening memory supply, though growth is seen in AI data centers
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $162.30 mln | $160.67 mln (3 Analysts) |
Q2 Adjusted EPS | Miss | -$0.16 | -$0.08 (3 Analysts) |
Q2 Adjusted Gross Margin | 22.20% | ||
Q2 Adjusted operating income | -$5.20 mln | ||
Q2 Operating income | -$13.60 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy."
Wall Street's median 12-month price target for Alpha and Omega Semiconductor Ltd is $24.00, about 7.8% above its February 4 closing price of $22.27
The stock recently traded at 176 times the next 12-month earnings vs. a P/E of 87 three months ago
Press Release: ID:nBw90F757a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)