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Alpha & Omega Semiconductor Ltd (AOSL) stock

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NASDAQ: AOSL Nasdaq Semiconductors Next results ~November 5, 2026

C Fundamentals grade

Alpha & Omega Semiconductor Ltd is a US-listed company in the semiconductors industry. Its financial year ends in June.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$27

Valuation models combined (5)

Base case. Range ~$19–$60. Weighted average of 5 models (growth cash-flow model, residual income, justified price-to-book, forward price-to-sales vs peers, revenue-to-maturity model), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Alpha & Omega Semiconductor Ltd valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 4 selling1 purchase and 19 sales by directors and officers, last 12 monthsInsider trades
  • Funds121 adding, 90 cuttingOf 39 active managers that changed their stake, 19 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Alpha & Omega Semiconductor files

Where Alpha & Omega Semiconductor stands after its latest 10-K

Revenue for the twelve months to June 2026 was $679m, down 2.5% on a year earlier, against growth of 0.6% a quarter earlier. That puts it 46 of 55 for growth among the semiconductor companies we cover. Free-cash-flow margin fell to -10.0% from -1.1% a year earlier. Operating margin narrowed to -6.4% from -4.1%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 5 of our 7 financial-health checks. Our valuation models combined value is $29.01 a share, against a share price of $22.98.

Source: 10-K filed August 27, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Alpha & Omega Semiconductor Ltd's trailing-twelve-month revenue fell 2.5% year on year, with a free-cash-flow margin of -10.0%. Where it stands out: days sales outstanding of 23 days ranks 4 of 62 semiconductor companies we cover. Where it lags: gross margin of 22.3% ranks 64 of 73 semiconductor companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 806.2% while net income grew 56.4%: a 863pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.2bn.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 2.5% over the last 12 months.
  • Loss-making. Operating margin is -6.4%: costs exceed revenue.
  • Burning cash. Free cash flow was -10.0% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 89% and a beta of 3.5 against the S&P 500.
  • Growth easing. The growth rate is 3.1 points lower than a quarter earlier.

Latest results: FY2026 Q4

Filed August 27, 2026
Earnings per share
-$0.13 against an average estimate of -$0.24: beat by 45.8%
Revenue
$170m, down 3.5% on a year earlier
Share reaction
-12.1% in the first session after the results on August 12, 2026, against +0.9% for the S&P 500
Next report
November 5, 2026; average EPS estimate -$0.14

Alpha & Omega Semiconductor's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-7.5%
  • 1 week-3.3%
  • 1 month-29.7%
  • This year+7.3%
  • 1 year-24.3%
  • 5 years-42.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$679M
Operating margin
-6.4%
Net margin
-6.2%
EPS (TTM, diluted)
$-1.41

Growth

Revenue growth
−2.5%
Change in growth rate
−3.1 pts
Share count change
+1.9%

Cash

Free cash flow (TTM)
-$68.1M
FCF margin
-10.0%
Stock pay % of revenue
3.9%

Earnings

Last results
August 12, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Alpha & Omega Semiconductor Ltd valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Alpha & Omega Semiconductor Ltd as an operating company, with every model that fits that kind of business. Cost of equity 13.4%: the 10-year Treasury yield (4.9%) plus a beta of 1.89 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$27 ~$19–$33 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$4.8 ~$4.5–$8.2 Left out: far from the other models (more than 3x away from their median)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$21 ~$15–$30 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$21 ~$20–$24 Included
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$60 ~$60–$170 Included, half weight
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$19 ~$19–$24 Included
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$27 ~$19–$60 5 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Alpha & Omega Semiconductor Ltd with Semiconductors in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2017201820192020202120222023202420252026
Share price$16.67$14.24$9.34$10.88$30.39$33.34$32.80$37.37$25.66$47.33
Market value$414m$354m$231m$270m$829m$940m$969m$1.1bn$755m$1.4bn
+ Net debt (− = net cash)−$115m−$67m−$36m−$27m−$8m−$221m−$134m−$125m−$115m−$177m
Enterprise value$299m$287m$195m$243m$820m$720m$835m$930m$640m$1.2bn
Multiples
Price / sales 1.1x0.8x0.5x0.6x1.3x1.2x1.4x1.6x1.1x2.1x
Price / earnings 29.9x24.8x124.0x—14.3x2.1x78.3x———
Price / free cash flow ————14.8x11.6x————
EV / EBITDA 7.4x7.6x7.8x7.8x7.0x5.0x12.7x18.6x18.8x88.2x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

34 /100

Weak moat

How hard Alpha & Omega Semiconductor's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 12 / 20

    Cash operating profit has been a median 10.1% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 25.9%, moving by 3.8 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 0.7%; its worst year was -6.4%.

  • Cash conversion 2 / 20

    Free cash flow was positive in 1 of 6 years, at a median -1.4% of revenue.

  • Discipline 12 / 20

    The diluted share count rose 9.8% over five years; stock-based pay has been a median 3.1% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $176m and EPS of −$0.14 (range −$0.16 to −$0.12) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.55 −29% $698m +3%
Next $0.32 +157% $777m +11%

Next year's EPS estimate has moved −79.5% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +15.1% on 90 days ago. In the last 30 days, 2 analysts raised Alpha & Omega Semiconductor Ltd's forecast and 2 cut it.

Consensus EPS forecast Alpha & Omega Semiconductor Ltd, last 90 days
−$1.00 $0.00 $1.00 $2.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.48 Current fiscal year, 60 days ago: −$0.55 Current fiscal year, 30 days ago: −$0.55 Current fiscal year, 7 days ago: −$0.55 Current fiscal year, Now: −$0.55 −$0.55 Next fiscal year, 90 days ago: $1.54 Next fiscal year, 60 days ago: $0.32 Next fiscal year, 30 days ago: $0.32 Next fiscal year, 7 days ago: $0.32 Next fiscal year, Now: $0.32 $0.32

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.48$1.54
60 days ago −$0.55$0.32
30 days ago −$0.55$0.32
7 days ago −$0.55$0.32
Now −$0.55$0.32

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.24 −$0.13 +45.8%
Mar 2026 −$0.36 −$0.28 +22.2%
Dec 2025 −$0.08 −$0.16 −92.0%
Sept 2025 $0.09 $0.13 +44.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

4 analysts, Oct 2026
Buy250%
Hold250%
Sell00%

Monthly trend

  1. Oct 20261124
  2. Sep 20261124

Counts of recommendations published by analysts covering Alpha & Omega Semiconductor Ltd, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
12.6%
of tradable shares
Days to cover
5.8
at average volume
Short interest, 1 month
+9%
to October 15, 2026
Held by institutions
77%
of shares
Held by insiders
17.0%
of shares
Employees
2,519
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −24.3%

$28.06 on October 31, 2025 to $21.25

ThenNowEffect
Revenue (last 12 months) $696m $679m −2.5%
P/S multiple 1.2x 0.9x −20.9%
Share count 29m 30m −1.8%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −17.7%

$25.81 on November 3, 2023 to $21.25

ThenNowEffect
Revenue (last 12 months) $691m $679m −1.8%
P/S multiple 1.1x 0.9x −15.0%
Share count 30m 30m −1.4%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
AOSL+156%−53%−9%+42%−47%+7%
Industry peers (median)+35%−34%+16%−15%+19%+17%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
AOSL67%50%50%50%42%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
AOSL−40%−58%−46%−44%−63%−60%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 75% from March 24, 2022 to April 21, 2025. Getting back needed a 304% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$17.47 – $53.32
From 52-week high
−60.1%
vs 50-day average
−16.8%
vs 200-day average
−30.3%
Volatility (1 year)
89%
Beta vs S&P 500
3.46

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
3 up, 9 down
typical move ±11.8%
After a week
4 up, 8 down
typical move ±15.7%
After a month
4 up, 8 down
typical move ±18.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 12, 2026 −12.1% +0.9% −22.1% −26.0%
May 6, 2026 −14.4% +1.1% −4.9% −4.0%
February 5, 2026 −4.1% +0.6% −7.2% −10.9%
November 5, 2025 −25.3% −0.7% −27.8% −19.2%
August 6, 2025 −5.3% +0.7% +6.1% +7.2%
May 7, 2025 +4.7% +1.1% +23.3% +16.3%
February 5, 2025 −3.3% +0.8% −20.4% −36.4%
November 4, 2024 −21.3% +1.0% −17.3% +44.6%
August 7, 2024 +1.4% +1.6% +1.7% −7.0%
May 7, 2024 +21.5% +0.1% +24.6% +33.3%
February 6, 2024 −11.8% +1.1% −14.7% −5.7%
November 6, 2023 −16.6% +0.5% −18.8% −15.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Alpha & Omega Semiconductor Ltd in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Alpha & Omega Semiconductor Ltd
$640M $660M $680M $700M FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue (TTM), FY24 Q1: $663.5M Revenue (TTM), FY24 Q2: $640M Revenue (TTM), FY24 Q3: $657.5M Revenue (TTM), FY24 Q4: $657.3M Revenue (TTM), FY25 Q1: $658.5M Revenue (TTM), FY25 Q2: $666.4M Revenue (TTM), FY25 Q3: $681M Revenue (TTM), FY25 Q4: $696.2M Revenue (TTM), FY26 Q1: $696.8M Revenue (TTM), FY26 Q2: $685.9M Revenue (TTM), FY26 Q3: $685M Revenue (TTM), FY26 Q4: $678.9M $678.9M

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period Revenue (TTM)
FY24 Q1 $663.5M
FY24 Q2 $640M
FY24 Q3 $657.5M
FY24 Q4 $657.3M
FY25 Q1 $658.5M
FY25 Q2 $666.4M
FY25 Q3 $681M
FY25 Q4 $696.2M
FY26 Q1 $696.8M
FY26 Q2 $685.9M
FY26 Q3 $685M
FY26 Q4 $678.9M
Revenue growth, TTM YoY Alpha & Omega Semiconductor Ltd
-20% -10% 0% 10% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue growth, TTM YoY, FY24 Q1: -17.0% Revenue growth, TTM YoY, FY24 Q2: -19.4% Revenue growth, TTM YoY, FY24 Q3: -9.2% Revenue growth, TTM YoY, FY24 Q4: -4.9% Revenue growth, TTM YoY, FY25 Q1: -0.7% Revenue growth, TTM YoY, FY25 Q2: 4.1% Revenue growth, TTM YoY, FY25 Q3: 3.6% Revenue growth, TTM YoY, FY25 Q4: 5.9% Revenue growth, TTM YoY, FY26 Q1: 5.8% Revenue growth, TTM YoY, FY26 Q2: 2.9% Revenue growth, TTM YoY, FY26 Q3: 0.6% Revenue growth, TTM YoY, FY26 Q4: -2.5% -2.5%

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q1 -17.0%
FY24 Q2 -19.4%
FY24 Q3 -9.2%
FY24 Q4 -4.9%
FY25 Q1 -0.7%
FY25 Q2 4.1%
FY25 Q3 3.6%
FY25 Q4 5.9%
FY26 Q1 5.8%
FY26 Q2 2.9%
FY26 Q3 0.6%
FY26 Q4 -2.5%
Operating margin (TTM) Alpha & Omega Semiconductor Ltd
-8% -6% -4% -2% 0% 2% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Operating margin (TTM), FY24 Q1: 1.0% Operating margin (TTM), FY24 Q2: -0.6% Operating margin (TTM), FY24 Q3: 0.1% Operating margin (TTM), FY24 Q4: -0.6% Operating margin (TTM), FY25 Q1: -2.0% Operating margin (TTM), FY25 Q2: -2.7% Operating margin (TTM), FY25 Q3: -2.7% Operating margin (TTM), FY25 Q4: -4.1% Operating margin (TTM), FY26 Q1: -4.7% Operating margin (TTM), FY26 Q2: -5.9% Operating margin (TTM), FY26 Q3: -6.4% Operating margin (TTM), FY26 Q4: -6.4% -6.4%

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q1 1.0%
FY24 Q2 -0.6%
FY24 Q3 0.1%
FY24 Q4 -0.6%
FY25 Q1 -2.0%
FY25 Q2 -2.7%
FY25 Q3 -2.7%
FY25 Q4 -4.1%
FY26 Q1 -4.7%
FY26 Q2 -5.9%
FY26 Q3 -6.4%
FY26 Q4 -6.4%
FCF margin (TTM) Alpha & Omega Semiconductor Ltd
-15% -10% -5% 0% 5% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 FCF margin (TTM), FY24 Q1: -12.8% FCF margin (TTM), FY24 Q2: -14.1% FCF margin (TTM), FY24 Q3: -8.9% FCF margin (TTM), FY24 Q4: -1.7% FCF margin (TTM), FY25 Q1: -1.3% FCF margin (TTM), FY25 Q2: 4.6% FCF margin (TTM), FY25 Q3: 1.4% FCF margin (TTM), FY25 Q4: -1.1% FCF margin (TTM), FY26 Q1: -1.6% FCF margin (TTM), FY26 Q2: -6.0% FCF margin (TTM), FY26 Q3: -8.8% FCF margin (TTM), FY26 Q4: -10.0% -10.0%

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q1 -12.8%
FY24 Q2 -14.1%
FY24 Q3 -8.9%
FY24 Q4 -1.7%
FY25 Q1 -1.3%
FY25 Q2 4.6%
FY25 Q3 1.4%
FY25 Q4 -1.1%
FY26 Q1 -1.6%
FY26 Q2 -6.0%
FY26 Q3 -8.8%
FY26 Q4 -10.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jun 2010 2011 Jun 2011 2012 Jun 2012 2017 Jun 2017 2018 Jun 2018 2019 Jun 2019 2020 Jun 2020 2021 Jun 2021 2022 Jun 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026
Income
Revenue 302 361 342 383 422 451 465 657 778 691 657 696 679
Gross profit 80 105 83 92 112 115 103 205 269 200 172 161 152
EBITDA 42 54 41 40 38 25 31 117 145 66 50 34 14
Operating income 33 38 17 13 8 −7 −14 64 102 23 −4 −28 −43
Net income 38 38 13 14 14 2 −7 58 453 12 −11 −97 −42
Diluted EPS $1.78 $1.51 $0.50 $0.56 $0.57 $0.08 −$0.27 $2.13 $16.07 $0.42 −$0.39 −$3.30 −$1.41
Growth (year on year)
Revenue — +19.7% −5.3% +12.0% +10.0% +7.0% +3.1% +41.3% +18.4% −11.1% −4.9% +5.9% −2.5%
EBITDA — +29.7% −23.4% −2.6% −6.2% −33.9% +24.5% +274.8% +24.1% −54.6% −23.9% −32.1% −58.6%
Operating income — +14.8% −55.7% −21.5% −35.9% — — — +59.2% −77.9% −116.7% — —
Net income — +0.0% −65.9% +7.1% +3.1% −87.0% — — +679.8% −97.3% — — —
Diluted EPS — −15.2% −66.9% +12.0% +1.8% −86.0% — — +654.5% −97.4% — — —
Margins
Gross margin 26.6% 29.1% 24.3% 24.0% 26.6% 25.6% 22.1% 31.1% 34.5% 28.9% 26.2% 23.1% 22.3%
EBITDA margin 13.8% 15.0% 12.1% 10.5% 9.0% 5.5% 6.7% 17.8% 18.6% 9.5% 7.6% 4.9% 2.1%
Operating margin 10.9% 10.5% 4.9% 3.4% 2.0% −1.6% −3.0% 9.8% 13.1% 3.3% −0.6% −4.1% −6.4%
Net margin 12.5% 10.5% 3.8% 3.6% 3.4% 0.4% −1.4% 8.8% 58.3% 1.8% −1.7% −13.9% −6.2%
Free-cash-flow margin 5.2% −3.3% −1.0% — — — −0.0% 8.5% 10.4% −13.0% −1.7% −1.1% −10.0%
Cash flow
Cash from operations 30 30 33 43 3 31 62 129 219 20 26 30 −16
Capital spending 14 42 36 — — — 62 73 138 110 37 37 52
Free cash flow 16 −12 −3 — — — −0 56 81 −90 −11 −8 −68
Stock-based pay 4 6 5 7 11 13 10 15 31 37 22 30 27
Free cash flow after stock pay 12 −18 −9 — — — −11 41 50 −127 −33 −37 −95
Balance sheet
Cash 119 87 82 116 132 122 159 202 314 195 175 153 181
Total debt 0 0 24 1 65 86 131 194 94 61 50 39 4
Net debt (negative = net cash) −119 −87 −59 −115 −67 −36 −27 −8 −221 −134 −125 −115 −177
Diluted shares 21m 25m 26m 25m 25m 25m 25m 27m 28m 30m 28m 29m 30m
Returned to shareholders
Buybacks 0 1 2 0 15 2 0 0 0 13 0 0 18
Total returned 0 1 2 0 15 2 0 0 0 13 0 0 18

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 7 checks passed · June 30, 2026
What it owns · $964m
Short-term assets $438mLonger-term assets $526m
What it owes, and who funded it · $964m
Short-term liabilities $127mLonger-term liabilities $38mShareholders' equity $798m
  • Short-term assets cover short-term liabilities $438m of assets due within a year against $127m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $438m short-term assets against $38m of longer-dated liabilities.
  • More cash than debt $181m of cash against $4m of debt.
  • Debt below 40% of shareholders' equity Debt is 0% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 2% to 0% over five years.
  • A year's operating cash flow covers at least 20% of debt −$16m of operating cash flow against $4m of debt.
  • Operating profit covers interest at least five times over Operating income of −$43m against $775,000 of interest.

From Alpha & Omega Semiconductor Ltd's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Buybacks, last 3 fiscal years
$18.2M
Diluted share count
+1.9%
year over year
R&D spending
15.3%
of revenue
Sales & admin spending
13.4%
of revenue
Days sales outstanding
23 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in semiconductors
Last 12 months unless stated AOSL DQ MXL LSCC IMOS RMBS Median
Revenue, last 12 months $679m $665m $661m $651m $769m $796m $1.1bn
Revenue growth, last 12 months −2.5% −35.3% 56.0% 33.3% 8.8% 17.3% 13.7%
Revenue growth, 3-year average −0.6% 82.8% −8.4% −3.4% — 20.0% 3.9%
Revenue growth, latest quarter −3.5% — 72.4% 62.2% — 22.3% 20.1%
Gross margin 22.3% −20.7% 58.0% 69.0% 10.8% 79.1% 48.3%
Operating margin −6.4% −40.6% −0.9% 7.4% 4.8% 36.3% 4.8%
Operating margin, 3-year average −3.7% 20.8% −31.3% 10.3% 12.5% 34.6% 4.8%
Net margin −6.2% −25.6% −4.4% 5.6% 2.3% 33.4% 5.3%
Cash from operations / revenue −2.4% 7.5% −1.1% 37.4% 16.7% 43.6% 17.4%
Free-cash-flow margin −10.0% −18.5% −3.1% 30.6% 0.6% 39.3% 9.6%
Free-cash-flow margin, 3-year average −4.3% 4.7% −7.7% 29.2% 1.0% 40.4% 8.5%
Stock pay / revenue 3.9% 8.4% 13.2% 18.7% 0.2% 7.4% 5.8%
Change in share count 1.9% 1.8% 7.7% 0.8% −2.9% 0.9% 0.9%

Median of all 75 companies we cover in semiconductors. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

75 semiconductor companies
Measure Company Peer median Rank
Revenue growth Growth -2.5% 13.7% 61 of 75
Change in growth rate Growth -3.1pp +3.7pp 57 of 75
Gross margin Profitability 22.3% 48.3% 64 of 73
Operating margin Profitability -6.4% 4.8% 55 of 75
Net margin Profitability -6.2% 5.3% 51 of 75
Free-cash-flow margin Cash generation -10.0% 9.6% 61 of 75
Stock pay as % of revenue Cash generation 3.9% 6.4% 31 of 74
Long-term debt as % of assets Balance sheet 0.1% 14.0% 5 of 47
Change in share count Balance sheet 1.9% 0.9% 47 of 72
Days sales outstanding Balance sheet 23 days 58 days 4 of 62

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to June 30, 2026
Products and services
Line of business Revenue Share YoY
Power Discrete $438M 64.5% ▼ 2.6%
Power Ic $234M 34.4% ▲ 1.7%
Packaging and Testing Services $7.3M 1.1% ▲ 151.7%
License and Development Serivces $0 0.0% ▼ 100.0%
Geography
Region Revenue Share YoY
Hong Kong $649M 95.6% ▲ 5.1%
China $16.4M 2.4% ▼ 71.9%
United States $7.3M 1.1% ▲ 77.7%
Other Countries $4.1M 0.6% ▼ 71.6%
South Korea $1.9M 0.3% ▲ 12.7%

From Alpha & Omega Semiconductor Ltd's 10-K filed August 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.1B
Institutions reporting
214
Shares held vs prior quarter
▲ 3.2%
Positions opened / closed
62 / 25

Top buyers and sellers, Q2 2026: 121 institutions bought and 90 sold ; the biggest buyer was State Street Corp (+946K shares) and the biggest seller Wellington Management Group LLP (−282K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $201M 4.3M 18.6% ▲ 9.0%
State Street Corp $111M 2.3M 10.3% ▲ 67.5%
Manufacturers Life Insurance Company, The $65.1M 1.4M 6.0% ▼ 12.7%
Dimensional Fund Advisors LP $63.2M 1.3M 5.8% ▼ 14.6%
Vanguard Portfolio Management LLC $52.6M 1.1M 4.9% ▼ 4.9%
Vanguard Capital Management LLC $50.7M 1.1M 4.7% ▲ 1.9%
Two Sigma Investments, LP $45M 952K 4.2% ▲ 72.1%
FMR LLC $37.5M 792K 3.5% ▲ 45.3%
Geode Capital Management, LLC $31.2M 659K 2.9% ▲ 4.8%
Connor, Clark & Lunn Investment Management Ltd. $30.1M 637K 2.8% ▲ 89.1%
Weber Capital Management LLC $25.5M 538K 2.4% ▼ 0.7%
Wellington Management Group LLP $19.5M 413K 1.8% ▼ 40.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Alpha & Omega Semiconductor Ltd's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $640,813 1 trade by 1 insider, last 12 months Insider sales History → $2.7M 19 trades by 4 insiders · 100% under pre-set plans
Net ▼ $2M net selling
Insider Date Trade Shares Price Value
Xue Bing EVP-WW Sales & Bus Development July 16, 2026 Sell pre-set plan 875 $33.99 $29,741
Xue Bing EVP-WW Sales & Bus Development June 16, 2026 Sell pre-set plan 4,916 $47.09 $231,494
Chen Claudia Director May 22, 2026 Sell pre-set plan 3,844 $39.47 $151,723
Chen Claudia Director May 22, 2026 Sell pre-set plan 217 $40.54 $8,797
Xue Bing EVP-WW Sales & Bus Development May 18, 2026 Sell pre-set plan 4,916 $41.00 $201,556
Chang Stephen Chunping Chief Executive Officer April 17, 2026 Sell pre-set plan 9,911 $34.90 $345,894
Chang Stephen Chunping Chief Executive Officer April 17, 2026 Sell pre-set plan 1,492 $32.90 $49,087
Chang Stephen Chunping Chief Executive Officer April 17, 2026 Sell pre-set plan 3,481 $33.90 $118,006
Liang Yifan CFO and Corp Secretary April 17, 2026 Sell pre-set plan 8,625 $35.00 $301,875
Xue Bing EVP-WW Sales & Bus Development April 16, 2026 Sell pre-set plan 1,832 $31.21 $57,177
Chang Stephen Chunping Chief Executive Officer April 14, 2026 Sell pre-set plan 5,594 $31.90 $178,449
Liang Yifan CFO and Corp Secretary April 14, 2026 Sell pre-set plan 11,187 $32.00 $357,984

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

No trades in Alpha & Omega Semiconductor Ltd disclosed in the last 12 months; 1 earlier trade on record.

  • Tom Malinowski(D-NJ 7):Sale (full), $1,001 - $15,000, traded February 16, 2021, filed March 6, 2021

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 12, 2026
  • May 6, 2026
  • February 5, 2026
  • November 5, 2025
  • August 6, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on Alpha & Omega Semiconductor Ltd was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Alpha & Omega Semiconductor Ltd in brief

What does Alpha & Omega Semiconductor Ltd do?
Alpha & Omega Semiconductor Ltd is a US-listed company in the semiconductors industry. Its financial year ends in June.
What is Alpha & Omega Semiconductor Ltd's stock ticker?
Alpha & Omega Semiconductor Ltd trades under the ticker AOSL on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Alpha & Omega Semiconductor Ltd's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Alpha & Omega Semiconductor Ltd reported revenue of $679M, 2.5% lower than a year earlier, according to its SEC filings.
What is Alpha & Omega Semiconductor Ltd's free cash flow?
Alpha & Omega Semiconductor Ltd's free-cash-flow margin is -10.0% of revenue over the trailing twelve months, ranking 61 of the 75 semiconductor companies we cover.
Who are Alpha & Omega Semiconductor Ltd's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., State Street Corp and Manufacturers Life Insurance Company, The. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Alpha & Omega Semiconductor Ltd's market cap?
On June 30, 2026, Alpha & Omega Semiconductor Ltd's market capitalisation was about $1.4B and net debt of -$177M. Market figures come from third-party market data and may be delayed.
How much debt does Alpha & Omega Semiconductor Ltd have?
Alpha & Omega Semiconductor Ltd's debt-to-equity ratio is 0.5%, from its latest balance sheet (1.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Alpha & Omega Semiconductor Ltd's competitors?
In our Semiconductors peer group, the companies closest to Alpha & Omega Semiconductor Ltd are Daqo NEW Energy Corp., Maxlinear, Inc, Lattice Semiconductor Corp, Chipmos Technologies Inc and Rambus Inc. The side-by-side comparison below sets their revenue, margins and growth against Alpha & Omega Semiconductor Ltd's.
Are insiders buying or selling Alpha & Omega Semiconductor Ltd stock?
Over the last 12 months, Alpha & Omega Semiconductor Ltd's directors and officers reported 1 open-market purchases and 19 sales on Form 4. The insider trading page charts every trade.
When is Alpha & Omega Semiconductor Ltd's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Alpha & Omega Semiconductor Ltd announces its own schedule.