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Alpha and Omega
(NASDAQ:AOSL)
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Rating:49Neutral
Price Target:
$31.00
▲(0.49% Upside)
Action:Reiterated
Date:08/18/26
AOSL’s score is held back primarily by weak operating performance and cash flow (losses, margin compression, and negative free cash flow), partially offset by a low-leverage balance sheet. Technically, momentum remains soft with the stock below key medium-term moving averages and a negative MACD. The earnings call adds some support due to improving mix toward Advanced Computing/AI-server and guided sequential margin improvement, but ongoing demand headwinds and working-capital pressure keep the overall outlook moderate.
Positive Factors
Low-Leverage Balance Sheet
Low leverage and substantial equity provide financial resilience during the semiconductor downturn. This reduces refinancing risk and preserves flexibility to fund capacity expansion and R&D while profitability recovers.
Negative Factors
Persistent Losses and Margin Pressure
Recent losses and lower margins indicate that demand, pricing, product mix, or factory utilization remain unfavorable. A sustained earnings recovery is not yet established, and continued losses could erode equity and constrain investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Low-Leverage Balance Sheet
Low leverage and substantial equity provide financial resilience during the semiconductor downturn. This reduces refinancing risk and preserves flexibility to fund capacity expansion and R&D while profitability recovers.
Read all positive factors
Alpha and Omega Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down Alpha and Omega’s sales by country or region to reveal market concentration, regional growth trends, and potential exposure to geopolitical or supply-chain issues. Understanding the regional mix helps gauge how resilient and diversified the business is.
Breaks down Alpha and Omega’s sales by country or region to reveal market concentration, regional growth trends, and potential exposure to geopolitical or supply-chain issues. Understanding the regional mix helps gauge how resilient and diversified the business is.
Data provided by:
The Fly
The FlyAlpha and Omega (AOSL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$849.40M
Dividend YieldN/A
Average Volume (3M)719.83K
Price to Earnings (P/E)―
Beta (1Y)2.52
Revenue Growth-2.48%
EPS Growth56.59%
CountryUS
Employees2,428
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-1.41
Shares Outstanding29,929,579
10 Day Avg. Volume680,892
30 Day Avg. Volume719,825
Financial Highlights & Ratios
PEG Ratio0.59
Price to Book (P/B)1.79
Price to Sales (P/S)2.10
P/FCF Ratio-87.42
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$43.75Price Target Upside41.82% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.66
Revenue Forecast (FY)$706.65M
Alpha and Omega Business Overview & Revenue Model
Company Description
Alpha and Omega Semiconductor Limited (AOSL) is a global enterprise that designs, develops, and supplies crucial power semiconductor solutions for a wide range of applications, including computing, consumer electronics, communication, and industri...
How the Company Makes Money
null...
Alpha and Omega Earnings Call Summary
Earnings Call Date:Aug 12, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Nov 09, 2026
Earnings Call Sentiment Positive
The call conveyed constructive strategic progress: strong momentum in Advanced Computing and sequential margin improvement, supported by capacity expansion, targeted R&D, and a constructive September quarter guide. These positives offset ongoing near‑term headwinds including Consumer weakness, Power IC year‑over‑year declines, supply/memory constraints, a small typhoon‑related production disruption, and negative operating cash flow. Overall, management presented a credible path to higher margins and more profitable growth driven by AI/server exposure and product mix shift.Positive Updates
Revenue and Near-Term Guidance
Total fiscal Q4 revenue of $170.4M, up 4.0% sequentially and down 3.5% year‑over‑year; results came in above the midpoint of guidance. Management guided September-quarter revenue of approximately $176M ± $10M.
Negative Updates
Year‑over‑Year Revenue and EPS Pressure
Revenue declined 3.5% year‑over‑year. Non‑GAAP EPS was a loss of $0.13 per share (vs. $0.02 EPS a year ago), reflecting ongoing transition costs and mix dynamics.
Read all updates
Q4-2026 Updates
Positive
Negative
Revenue and Near-Term Guidance
Total fiscal Q4 revenue of $170.4M, up 4.0% sequentially and down 3.5% year‑over‑year; results came in above the midpoint of guidance. Management guided September-quarter revenue of approximately $176M ± $10M.
Read all positive updates
Company Guidance
The company guided September-quarter revenue of approximately $176 million ± $10 million (range $166M–$186M) with GAAP gross margin 23.8% ± 1% (22.8%–24.8%) and non‑GAAP gross margin 24.5% ± 1% (23.5%–25.5%); GAAP operating expenses of $52.5M ± $1M and non‑GAAP operating expenses of $46.5M ± $1M; net interest income about $0.6M and income tax expense $1.1M–$1.3M. They expect CapEx of $15M–$17M, noted a slight typhoon-related impact of “a few million dollars,” and provided segment pacing: Advanced Computing to grow >40% sequentially (AI/server >60% and to be the majority of Advanced Computing), with Advanced Computing >40% of Computing and approaching ~20% of total revenue; Consumer down ~25% sequentially; Communications up ~10%; Power Supply & Industrial up ~30%.Alpha and Omega Financial Statement Overview
Summary
Income Statement
36
Negative
Balance Sheet
78
Positive
Cash Flow
34
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 678.93M | 696.16M | 657.27M | 691.32M | 777.55M |
| Gross Profit | 151.54M | 161.00M | 171.92M | 199.54M | 268.56M |
| EBITDA | 22.24M | 37.24M | 55.10M | 67.78M | 539.21M |
| Net Income | -42.27M | -96.98M | -11.08M | 12.36M | 453.16M |
Balance Sheet | |||||
| Total Assets | 963.55M | 1.03B | 1.15B | 1.20B | 1.30B |
| Cash, Cash Equivalents and Short-Term Investments | 180.77M | 153.08M | 175.13M | 195.19M | 314.35M |
| Total Debt | 27.98M | 50.91M | 67.21M | 78.80M | 97.51M |
| Total Liabilities | 165.65M | 211.97M | 253.41M | 315.82M | 444.54M |
| Stockholders Equity | 797.90M | 822.33M | 891.61M | 883.92M | 854.09M |
Cash Flow | |||||
| Free Cash Flow | -16.32M | -7.51M | -11.38M | -89.95M | 80.85M |
| Operating Cash Flow | -16.32M | 29.67M | 25.71M | 20.47M | 218.87M |
| Investing Cash Flow | 86.10M | -36.44M | -35.74M | -109.63M | -130.82M |
| Financing Cash Flow | -41.80M | -15.50M | -9.90M | -29.61M | 21.85M |
Alpha and Omega Technical Analysis
Negative
30.85
Price Trends
36.82
Negative
37.25
Negative
29.29
Negative
Market Momentum
-1.70
Positive
36.79
Neutral
10.39
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AOSL, the sentiment is Negative. The current price of 30.85 is below the 20-day moving average (MA) of 31.79, below the 50-day MA of 36.82, and above the 200-day MA of 29.29, indicating a bearish trend. The MACD of -1.70 indicates Positive momentum. The RSI at 36.79 is Neutral, neither overbought nor oversold. The STOCH value of 10.39 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AOSL.
Alpha and Omega Risk Analysis
Alpha and Omega disclosed 52 risk factors in its most recent earnings report. Alpha and Omega reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Alpha and Omega Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $4.02B | -469.39 | -4.66% | ― | -15.21% | -81.50% | |
63 Neutral | $2.80B | -66.41 | -4.91% | ― | 32.66% | 55.60% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | $1.97B | 27.28 | 9.29% | 1.34% | 22.52% | 1433.51% | |
50 Neutral | $46.67M | -0.27 | -135.06% | ― | -33.68% | ― | |
50 Neutral | $1.01B | -5.41 | -44.79% | ― | 6.19% | 11.87% | |
49 Neutral | $849.40M | -19.24 | -0.02% | ― | -2.48% | 56.59% |
* Technology Sector Average
AOSL
Alpha and Omega
27.14
0.86
3.27%
AEHR
Aehr Test Systems
107.96
90.58
521.17%
IMOS
ChipMOS Technologies
52.44
37.47
250.32%
COHU
Cohu
55.19
35.66
182.59%
SQNS
Sequans Communications S A
3.01
-7.29
-70.78%
INDI
indie Semiconductor
4.01
-0.32
-7.29%
Alpha and Omega Corporate Events
Business Operations and StrategyExecutive/Board Changes
Alpha and Omega Semiconductor Adds Independent Director Joshua Chien
Positive
Jul 10, 2026
On July 8, 2026, Alpha and Omega Semiconductor appointed Joshua Chien as an independent director to its Board, with his term running until the company’s 2026 annual general meeting of shareholders and the election of his successor.Chien, a v...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.