Alpha & Omega (AOSL) Tops Q4 EPS by 11c, Offers Q1 Guidance

Alpha & Omega (NASDAQ: AOSL) reported Q4 EPS of $0.29, $0.11 better than the analyst estimate of $0.18. Revenue for the quarter came in at $122.4 million versus the consensus estimate of $119 million.

GUIDANCE:

Alpha & Omega sees Q1 2021 revenue of $134-138 million, versus the consensus of $125.2 million.

• Revenue is expected to be in the range of $134 million to $138 million.
• Gross margin is expected to be 26.0% plus or minus 1%. Non-GAAP gross margin is expected to be 27.7% plus or minus 1%. Note that non-GAAP gross margin excludes $0.4 million of estimated share-based compensation charges and $2.0 million of estimated production ramp-up costs relating to the JV Company.
• GAAP operating expenses are expected to be in the range of $32.8 million plus or minus $1 million. Non-GAAP operating expenses are expected to be in the range of $27.8 million plus or minus $1 million. Both GAAP and non-GAAP operating expenses include $3.2 million to $3.5 million of estimated expenses relating to the development of our digital power business. Non-GAAP operating expenses exclude $2.5 million of estimated legal expenses related to the government investigation and $2.5 million of estimated share-based compensation charges.
• Tax expense is expected to be $0.5 million to $0.7 million.
• Loss attributable to noncontrolling interest is expected to be around $1.2 million. On a non-GAAP basis, excluding estimated production ramp-up costs related to the JV Company, this item is expected to be approximately $0.2 million.

For earnings history and earnings-related data on Alpha & Omega (AOSL) click here.

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