Alpha & Omega reports Q1 EPS 33c, consensus 32c

Reports Q1 revenue $180.6M, consensus $180.0M. AOS CEO Stephen Chang commented, “We delivered solid fiscal Q1 results driven by an encouraging rebound in PC and smartphone shipments for fall device launches and the holiday season. Looking forward, we remain cautious about a sustained broader recovery as we are seeing signs of demand constraints in other end markets, which are affected by the persistent high-interest rate environment and geopolitical uncertainties. Despite ongoing market challenges, we are focused on positioning AOS towards long-term growth by extending the reach of our business into new applications and broadening our product portfolio to address increasing global power trends. We also aim to deepen our penetration in our core markets with integrated solutions and drive higher BOM content. We believe the fundamentals of our business remain strong driven by record Tier 1 customer partnerships and market share across many of our end markets and we continue to expect to navigate the current environment better than the broader market that we serve.”