These Analysts Lower Their Forecasts On Alpha And Omega Semiconductor Following Q1 Results

Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) on Thursday reported better-than-expected first-quarter financial results.

Alpha & Omega posted adjusted loss of 7 cents per share, beating market estimates of a loss of 14 cents per share. The company’s sales came in at $177.756 million, beating expectations of $176.204 million.

Alpha & Omega said it sees second-quarter sales of $170.000 million-$190.000 million, versus market estimates of $171.746 million.

AOS Chief Executive Officer Stephen Chang said, “Our September quarter results demonstrate the accelerating momentum in AI and Server, where revenue grew more than 65% sequentially and 250% year-over-year, reaching over 20% of total company revenue. This exceptional growth, driven by increasing demand for AI infrastructure, was complemented by strong performance in Communications and Power Supply and Industrial, including premium smartphone battery protection, Power Tools, and DC Fans. Despite continued weakness in traditional PCs and consumer electronics, our improving business mix contributed to higher gross margins and underscores the tangible progress we are making in transforming AOS into a higher-performance power semiconductor company.”

Alpha and Omega Semiconductor shares jumped 5.6% to $19.52 in pre-market trading.

These analysts made changes to their price targets on Alpha and Omega Semiconductor following earnings announcement.

• Needham analyst David Williams maintained the stock with a Buy and lowered the price target from $45 to $30.
• Stifel analyst Tore Svanberg maintained the stock with a Hold and lowered the price target from $34 to $27.

Considering buying AOSL stock? Here’s what analysts think:

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