ALPHA & OMEGA SEMICONDUCTOR Ltd

Listed Company

AOSLCIK 0001387467NasdaqLarge AcceleratedSemiconductors & Related DevicesFY ends Jun 30

Period

FY 2025

Revenue

$696.16M

Net Income

$-96.98M

Total Assets

$1.03B

Equity

$822.33M

Shares Out

29.76M

Op. Cash Flow

$29.67M

Business

ALPHA & OMEGA SEMICONDUCTOR Ltd designs, develops and supplies a broad portfolio of power semiconductors for global electronics customers. It offers power discretes (MOSFETs, IGBTs, SiC devices) and power ICs (DrMOS, multiphase controllers, buck converters, smart load switches) plus integrated modules, packaging, testing and wafer fabrication services. Its operations comprise in-house wafer fabrication (Oregon), packaging and testing facilities in China, and a minority interest in a Chongqing joint venture, and it leverages both internal and third‑party foundries. Products are sold worldwide through distributors and direct OEM/ODM relationships, targeting computing, consumer, communications, industrial and power-supply markets.

Summary from filing dated 2025-08-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Revenue	696	657	691	778	657
Operating expenses	535	485	492	509	452
Gross profit	161	172	200	269	205
Research and development	94	90	88	71	63
Selling, general and administrative	95	86	89	95	78
Total operating expenses	189	176	177	167	140
Operating income (loss)	−28	−4	23	102	64
Other loss, net	−1	−73,000	−2	999,000	2
Interest income	4	5	4	−4	−6
Interest expenses	−3	−4	−5	—	—
Net income (loss) before income taxes and equity method investment loss	−28	−3	20	495	60
Income tax expense (benefit)	−9	4	6	39	4
Net income (loss) before equity method investment loss	−19	−6	14	456	56
Equity method investment loss	−78	−5	−1	−3	0
Net income (loss)	−97	−11	12	453	56
Net income (loss)	−97	−11	12	453	58
Basic (in dollars per share)	−3.3	−0.39	0.45	16.93	2.25
Diluted (in dollars per share)	−3.3	−0.39	0.42	16.07	2.13
Basic (in shares)	29	28	28	27	26
Diluted (in shares)	29	28	30	28	27

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	153	175	195	314	202
Restricted cash	400,000	400,000	415,000	299,000	233,000
Accounts receivable, net	35	13	22	66	36
Inventories	190	196	183	158	154
Other current assets	18	14	23	11	15
Total current assets	396	398	424	550	407
Property, plant and equipment, net	314	337	358	319	437
Operating lease right-of-use assets, net	21	25	24	24	35
Intangible assets, net	269,000	4	7	10	13
Equity method investment	279	356	367	378	0
Deferred income tax assets	599,000	549,000	536,000	592,000	5
Other long-term assets	23	25	20	18	19
Total assets	1,034	1,145	1,200	1,299	919
Accrued liabilities	59	72	80	117	69
Income taxes payable	2	3	6	4	3
Short-term debt	12	12	11	26	58
Deferred revenue	0	3	8	0	—
Finance lease liabilities	1	935,000	867,000	802,000	17
Operating lease liabilities	5	5	4	4	6
Total current liabilities	155	154	173	268	233
Long-term debt	15	27	38	42	78
Income taxes payable - long-term	4	4	3	2	1
Deferred income tax liabilities	13	26	27	29	2
Finance lease liabilities - long-term	1	2	3	4	13
Operating lease liabilities - long-term	17	20	21	21	30
Other long-term liabilities	7	20	51	79	44
Total liabilities	212	253	316	445	402
Commitments and contingencies (Note 15)	—	—	—	—	—
Authorized: 10,000 shares; issued and outstanding: none at June 30, 2025 and 2024	0	0	0	0	0
Authorized: 100,000 shares; issued and outstanding: 37,127 shares and 30,009 shares, respectively at June 30, 2025 and 36,107 shares and 28,969 shares, respectively at June 30, 2024	74,000	72,000	70,000	68,000	66,000
Treasury shares at cost; 7,118 shares at June 30, 2025 and 7,138 shares at June 30, 2024	−79	−79	−79	−66	−66
Additional paid-in capital	380	353	329	289	260
Accumulated other comprehensive loss	−12	−13	−8	1	2
Retained earnings	534	631	642	630	177
Total shareholders' equity	822	892	884	854	373
Total liabilities and shareholders' equity	1,034	1,145	1,200	1,299	919

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization	62	54	43	43	53
Share-based compensation expense	30	22	37	31	15
Deferred income taxes, net	−13	−880,000	−1	2	2
Loss on disposal of property and equipment	80,000	78,000	182,000	18,000	426,000
Impairment of property and equipment	1	0	0	—	—
Impairment of privately-held investment	100,000	0	0	—	—
Accounts receivable	−22	10	43	−30	−23
Inventories	6	−13	−25	−57	−19
Other current and long-term assets	−465,000	2	−19	−9	−6
Payable related to equity investee, net	2	2	−17	48	0
Accounts payable	13	−2	−20	24	−528,000
Income taxes payable	−399,000	−2	2	−2	2
Deferred revenue	−3	−5	8	0	0
Accrued and other liabilities	−27	−34	−46	76	48
Net cash provided by operating activities	30	26	20	219	129
Purchases of property and equipment	−37	−37	−110	−138	−73
Proceeds from sale of property and equipment	61,000	383,000	167,000	135,000	42,000
Government grants related to equipment	678,000	961,000	631,000	1	119,000
Net cash used in investing activities	−36	−36	−110	−131	−73
Withholding tax on restricted stock units	−11	−8	−6	−9	−7
Proceeds from exercise of stock options and ESPP	8	10	9	6	5
Payments for repurchase of common shares	0	0	−13	0	0
Proceeds from borrowings	0	0	9	64	66
Repayments of borrowings	−12	−11	−27	−36	−67
Principal payments on finance leases	−935,000	−867,000	−810,000	−4	−16
Net cash used in financing activities	−15	−10	−30	22	−19
Effect of exchange rate changes on cash, cash equivalents and restricted cash	227,000	−126,000	−280,000	−59,000	5
Net decrease in cash, cash equivalents and restricted cash	−22	−20	−119	110	42
Cash paid for interest	3	3	4	3	6
Cash paid for income taxes	5	6	2	6	970,000
Property and equipment purchased but not yet paid	11	7	13	62	20
Reissuance of treasury stock	155,000	152,000	67,000	64,000	120,000

Filings

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