Alpha & Omega Q3 revenue dips, beats on AI demand

Alpha and Omega Semiconductor

06/05/2026 21:21

Overview

Power semiconductor supplier's fiscal Q3 revenue dipped 0.5% yr/yr, up 0.9% sequentially

Adjusted EPS loss widened to $0.28 from $0.16 prior quarter and $0.10 last year

Company sees Q4 revenue growth and higher gross margin, citing strength in advanced computing

Outlook

Alpha and Omega Semiconductor expects Q4 revenue of $168 mln, plus or minus $10 mln

Company sees Q4 GAAP gross margin at 22.3%, non-GAAP gross margin at 23.0%, both plus or minus 1%

Company expects modest revenue growth for calendar 2026, but notes limited visibility for H2

Result Drivers

ADVANCED COMPUTING DEMAND - Co said Q3 results were supported by strength in advanced computing, including AI, servers and graphics

CONSUMER WEAKNESS - Co cited ongoing weakness in certain consumer applications and seasonal softness in PCs

PRODUCT MIX SHIFT - Co said growing contribution from higher-performance applications and an improving product mix aided results

Company press release: ID:nBw8fSxZBa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$163.80 mln
$160 mln (2 Analysts)
Q3 Adjusted EPS
-$0.28
-$0.34 (2 Analysts)
Q3 Adjusted Gross Margin
21.70%
Q3 Adjusted operating income
-$8.70 mln
Q3 Operating income
-$14.10 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "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 $23.50, about 46.3% below its May 5 closing price of $43.75

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)