Earnings Releases·Nov 5, 2026, 4:06 PM ET

Alpha and Omega Semiconductor — Fiscal Q1 2027 Earnings Summary

Revenue reached $177.8 million, up 4.3% sequentially but down 2.6% year-over-year; GAAP gross margin improved to 24.5% (up from 23.1% prior quarter), while Non-GAAP operating loss narrowed to $1.0 million compared to a $4.8 million loss previously.
AI and Server revenue surged more than 65% sequentially and 250% year-over-year, now comprising over 20% of total revenue, driving a business mix transformation that supports higher margins despite continued weakness in traditional PC and consumer electronics segments.
Fiscal Q2 2027 revenue guidance is set at approximately $180 million (±$10 million) with Non-GAAP gross margin projected at 25.7% (±1%), reflecting management's confidence in the total solutions strategy and accelerating AI momentum.
The company ended the quarter with $175.2 million in cash and cash equivalents, while investing in technology and manufacturing capacity to support new design wins and broaden participation across leading global customers.