Alpha and Omega Semiconductor Q2 revenue beats analyst expectations

Alpha and Omega Semiconductor

05/02/2026 21:12

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.)