Alpha & Omega Semiconductor Ltd. Files 10-Q for Period Ending December 31, 2023

TL;DR

<b>Alpha & Omega Semiconductor Ltd. has filed its quarterly report (10-Q) for the period ending December 31, 2023, detailing financial performance and balance sheet information.</b>

AI Summary

ALPHA & OMEGA SEMICONDUCTOR Ltd (AOSL) filed a Quarterly Report (10-Q) with the SEC on February 7, 2024. Filed a 10-Q report for the period ending December 31, 2023. The company's fiscal year ends on June 30. Reported financial data for the quarters ending December 31, 2023, and December 31, 2022. Included balance sheet information as of December 31, 2023, and June 30, 2023. Provided details on common stock, treasury stock, additional paid-in capital, accumulated other comprehensive income, retained earnings, and parent equity.

Why It Matters

For investors and stakeholders tracking ALPHA & OMEGA SEMICONDUCTOR Ltd, this filing contains several important signals. This filing provides investors with the latest financial snapshot of Alpha & Omega Semiconductor Ltd., crucial for understanding its performance and financial health in the semiconductor industry. The 10-Q filing is a standard requirement for publicly traded companies, offering detailed financial statements and management discussion, which are essential for investment decisions.

Risk Assessment

Risk Level: low — ALPHA & OMEGA SEMICONDUCTOR Ltd shows low risk based on this filing. The filing is a routine 10-Q report, indicating standard financial reporting without immediate red flags.

Analyst Insight

Review the detailed financial statements and management discussion within the 10-Q to assess Alpha & Omega Semiconductor's recent performance and future outlook.

Key Numbers

• 20231231 — Period End Date (CONFORMED PERIOD OF REPORT)
• 20240207 — Filing Date (FILED AS OF DATE)
• 0630 — Fiscal Year End (FISCAL YEAR END)
• 3674 — SIC Code (STANDARD INDUSTRIAL CLASSIFICATION)

Key Players & Entities

• ALPHA & OMEGA SEMICONDUCTOR Ltd (company) — COMPANY CONFORMED NAME
• AOSL (company) — tk
• 20231231 (date) — CONFORMED PERIOD OF REPORT
• 20240207 (date) — FILED AS OF DATE
• 408-830-9742 (phone) — BUSINESS PHONE
• SUNNYVALE (location) — CITY
• CA (location) — STATE
• 94085 (zip) — ZIP

Forward-Looking Statements

• The company will continue to operate within the semiconductor industry. (ALPHA & OMEGA SEMICONDUCTOR Ltd) — high confidence, target: 2025-12-31

FAQ

Industry Context

Alpha & Omega Semiconductor Ltd. operates in the semiconductors industry, a sector characterized by rapid technological advancements and cyclical demand.

Regulatory Implications

The company is subject to SEC regulations for public companies, requiring regular filings like the 10-Q to ensure transparency for investors.

What Investors Should Do

1. Analyze the revenue and profitability trends presented in the 10-Q.
2. Examine the company's balance sheet for changes in assets, liabilities, and equity.
3. Review any disclosures regarding risks, legal proceedings, or significant business developments.

Key Dates

• 2023-12-31: Period End Date — End of the reporting quarter for the 10-Q filing.
• 2024-02-07: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial 10-Q filing for the period ending December 31, 2023, providing the latest financial data.

Filing Documents

• aosl-20231231.htm (10-Q) — 1602KB
• ex311-aosl12312023q2202410q.htm (EX-31.1) — 9KB
• ex312-aosl12312023q2202410q.htm (EX-31.2) — 9KB
• ex321-aosl12312023q2202410q.htm (EX-32.1) — 5KB
• ex322-aosl12312023q2202410q.htm (EX-32.2) — 6KB
• 0001387467-24-000022.txt (&nbsp;) — 9013KB
• aosl-20231231.xsd (EX-101.SCH) — 64KB
• aosl-20231231_cal.xml (EX-101.CAL) — 103KB
• aosl-20231231_def.xml (EX-101.DEF) — 337KB
• aosl-20231231_lab.xml (EX-101.LAB) — 883KB
• aosl-20231231_pre.xml (EX-101.PRE) — 613KB
• aosl-20231231_htm.xml (XML) — 1250KB

FINANCIAL INFORMATION

Part I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements: 1 Condensed Consolidated Balance Sheets as of December 31 , 2023 and June 30, 2023 (Unaudited) 1 Condensed Consolidated Statements of Income (Loss) for the Three and Six Months Ended December 31 , 2023 and 2022 (Unaudited) 2 Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three and Six Months Ended December 31 , 2023 and 2022 (Unaudited) 3 Condensed Consolidated Statements of Changes in Shareholders' Equity for the Three and Six Months Ended December 31 , 2023 and 2022 (Unaudited) 4 Condensed Consolidated Statements of Cash Flows for the Six Months Ended December 31 , 2023 and 2022 (Unaudited) 6 Notes to Condensed Consolidated Financial Statements (Unaudited) 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 32

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 47

Controls and Procedures

Item 4. Controls and Procedures 47

OTHER INFORMATION

Part II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 48

Risk Factors

Item 1A. Risk Factors 48

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 49

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 50

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 50

Other Information

Item 5. Other Information 50

Exhibits

Item 6. Exhibits 51

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

ITEM 1. Financial Statements ALPHA AND OMEGA SEMICONDUCTOR LIMITED CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited, in thousands except par value per share) December 31, 2023 June 30, 2023 ASSETS Current assets: Cash and cash equivalents $ 162,266 $ 195,188 Restricted cash 212 415 Accounts receivable, net 31,923 22,420 Inventories 191,709 183,247 Other current assets 20,509 22,666 Total current assets 406,619 423,936 Property, plant and equipment, net 349,046 357,831 Operating lease right-of-use assets 25,416 24,349 Intangible assets, net 5,141 6,765 Equity method investment 356,144 366,617 Deferred income tax assets 518 536 Other long-term assets 33,462 19,703 Total assets $ 1,176,346 $ 1,199,737 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 45,156 $ 50,775 Accrued liabilities 77,683 79,533 Payable related to equity investee, net 12,966 11,950 Income taxes payable 4,680 5,546 Short-term debt 11,533 11,434 Deferred revenue 3,715 8,073 Finance lease liabilities 900 867 Operating lease liabilities 4,963 4,383 Total current liabilities 161,596 172,561 Long-term debt 32,568 38,360 Income taxes payable - long-term 2,924 2,817 Deferred income tax liabilities 26,385 27,283 Finance lease liabilities - long-term 2,758 3,216 Operating lease liabilities - long-term 21,214 20,544 Other long-term liabilities 34,343 51,037 Total liabilities 281,788 315,818 Commitments and contingencies (Note 12) Shareholders' Equity: Preferred shares, par value $ 0.002 per share: Authorized: 10,000 shares; issued and outstanding: none at December 31, 2023 and June 30, 2023 — — Common shares, par value $ 0.002 per share: Authorized: 100,000 shares; issued and outstanding: 35,205 shares and 28,051 shares, respectively at December 31, 2023 and 34,811 shares and 27,654 shares, respectively at June 30, 2023 70 70 Treasury shares at cost: 7,154 shares at December 31, 2023 and 7,157 shares at June 30, 2023 ( 79,343 )

View Full Filing

View this 10-Q filing on SEC EDGAR