Q1 2025 Alpha and Omega Semiconductor Ltd Earnings Call Transcript
Key Points
- Alpha & Omega Semiconductor Ltd (AOSL) reported fiscal Q1 revenue of $181.9 million, which was in line with guidance.
- The company experienced broad-based demand across major segments, with notable strength in PC desktops, notebooks, servers, gaming, and wearables.
- AOSL is transitioning from a component supplier to a total solutions provider, leveraging strengths in high-performance silicon packaging and intelligent ICs.
- The company is seeing growth opportunities in advanced computing, AI data centers, and smartphones, driven by trends like foldable screens and faster charging.
- AOSL's computing segment revenue increased by 8.6% year-over-year and 6.6% sequentially, outperforming expectations for mid-single-digit growth.
- Non-GAAP gross margin decreased to 25.5% from 26.4% last quarter and 28.8% a year ago, impacted by ASP erosion and mix changes.
- The consumer segment is expected to see a close to 30% sequential decline in the December quarter due to seasonal declines in gaming and TVs.
- The power supply and industrial segment was down 23.7% year-over-year, despite a 15.6% sequential increase.
- The company anticipates a low double-digit sequential decline in the communications segment for the December quarter due to seasonality.
- Visibility into 2025 remains limited, with the first calendar quarter of 2025 expected to be seasonally soft.
Good afternoon. Thank you for attending today's Alpha and Omega Semiconductor fiscal first quarter, 2025 earnings call. My name is Jaylen. I'll be a moderator for today. (Operator Instructions). And I'd like to turn the conference over to our host, Steven Pelayo.
Good afternoon, everyone and welcome to Alpha and Omega Semiconductor's conference call to discuss fiscal 2025 first quarter, financial results. I'm Steven Paleo Investor Relations representative for AOS with me. Today are Stephen Chang, our CEO and Yifan Liang, Our CFO.
This call is being recorded and broadcast live over the web. Replay will be available for seven days following the call via link in the investor relations section of our website. Our call will proceed as follows today. Steven will begin business updates including strategic highlights and a detailed segment report. After that, Yifan will review the financial results and provide guidance for the December quarter. Finally, we will have a Q&A session.
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