Alpha & Omega (AOSL) Tops Q4 EPS by 19c; Guides Q1 Revs Above Views

Alpha & Omega (NASDAQ: AOSL) reported Q4 EPS of $0.95, $0.19 better than the analyst estimate of $0.76. Revenue for the quarter came in at $177.3 million versus the consensus estimate of $170.3 million.

AOS Chairman and Chief Executive Officer Dr. Mike Chang commented, "Our fourth fiscal quarter continued the momentum we saw throughout the year. We delivered strong year-over-year performance in each of our market segments with record revenue and significantly improved profitability. We also benefited from solid end market demand, enabling us to optimize our product mix. Our fourth quarter results demonstrated the strength of our market diversification strategy, expanding product portfolio, deepening customer relationships and growing production scale. Our strong fourth quarter performance capped an outstanding fiscal year 2021, where we delivered 41% revenue growth year-over-year, expanded both gross margins and operating margins, and increased net income substantially. Importantly, we had previously set a target of $600 million in annual revenue for calendar year 2021, and I am pleased to report that we achieved $657 million in fiscal year 2021 and successfully surpassed that target ahead of plan."

Dr. Chang continued, "As we enter fiscal year 2022, there are plenty of opportunities and much work to be done to continue to grow and scale our business. I am confident that we have the right leadership and the right products in place to capitalize on these opportunities. Our mission to be a trusted technology partner and a global supplier of a broad portfolio of power semiconductors remains on track. Looking ahead, our goal is to grow our annual revenue to $1 billion in the next few years.”

GUIDANCE:

Alpha & Omega sees Q1 2022 revenue of $177-183 million, versus the consensus of $173.67 million.

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

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