AOSL Nasdaq Semiconductors & Related Devices Financials FY2017βFY2026
ALPHA & OMEGA SEMICONDUCTOR Ltd had $679M of revenue in fiscal 2026, down 2.5% on the year before. Over five years, revenue changed +0.7% a year on average.
Last close Β· Oct 26, 2026
$21.97
β$8.28 (β27.37%) past year
Hi! I read ALPHA & OMEGA SEMICONDUCTOR Ltdβs latest annual report (fiscal 2026). Here is what stands out:
Good So-so Weak
Are sales growing?
β2.5%
No. Sales fell 2.5% last year.
Does it make a profit?
β6.2%
No. It lost money last year.
Does profit turn into cash?
β10.0%
No. It spent more cash than it brought in.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA summarises the numbers
ALPHA & OMEGA SEMICONDUCTOR Ltd had $679M of revenue in fiscal 2026, down 2.5% on the year before.
Over five years, revenue changed +0.7% a year on average.
Its operating margin was β6.4%, down 2.3Β pts: of every 100 in sales, about β6 is left after running the business.
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Loss periods are shown in red.
KIRA summarises the numbers
ALPHA & OMEGA SEMICONDUCTOR Ltd lost $42.3M in fiscal 2026.
Net income
Net income
Diluted EPS
Diluted EPS
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
KIRA summarises the numbers
Free cash flow was β$68.1M in fiscal 2026, β10.0% of revenue.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
KIRA summarises the numbers
ALPHA & OMEGA SEMICONDUCTOR Ltd returned $18.2M to shareholders in fiscal 2026.
The diluted share count rose 1.9%.
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
KIRA summarises the numbers
In the last 12 months, insiders bought $0.6M and sold $2.7M of shares on the open market.
Bought, 12 months
$0.6M
1 insider
Sold, 12 months
$2.7M
4 insiders
Of sales under plans
100%
$2.7M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 16, 2026 | Bing XueEVP-WW Sales & Bus Development | Sold plan | 875 | $33.99 | $0.0M | Form 4 |
| Jun 16, 2026 | Bing XueEVP-WW Sales & Bus Development | Sold plan | 4,916 | $47.09 | $0.2M | Form 4 |
| May 22, 2026 | Claudia ChenDirector | Sold plan | 4,061 | $39.53 | $0.2M | Form 4 |
| May 18, 2026 | Bing XueEVP-WW Sales & Bus Development | Sold plan | 4,916 | $41.00 | $0.2M | Form 4 |
| Apr 17, 2026 | Stephen Chunping ChangChief Executive Officer, Director | Sold plan | 14,884 | $34.47 | $0.5M | Form 4 |
| Apr 17, 2026 | Yifan LiangCFO and Corp Secretary | Sold plan | 8,625 | $35.00 | $0.3M | Form 4 |
| Apr 16, 2026 | Bing XueEVP-WW Sales & Bus Development | Sold plan | 1,832 | $31.21 | $0.1M | Form 4 |
| Apr 14, 2026 | Stephen Chunping ChangChief Executive Officer, Director | Sold plan | 5,594 | $31.90 | $0.2M | Form 4 |
| Apr 14, 2026 | Yifan LiangCFO and Corp Secretary | Sold plan | 26,517 | $30.57 | $0.8M | Form 4 |
| Mar 16, 2026 | Bing XueEVP-WW Sales & Bus Development | Sold plan | 2,408 | $21.92 | $0.1M | Form 4 |
| Mar 9, 2026 | Mike F ChangDirector, 10% owner | Bought | 33,727 | $19.00 | $0.6M | Form 4 |
| Feb 17, 2026 | Bing XueEVP-WW Sales & Bus Development | Sold plan | 2,460 | $22.33 | $0.1M | Form 4 |
| Jan 15, 2026 | Bing XueEVP-WW Sales & Bus Development | Sold plan | 737 | $22.43 | $0.0M | Form 4 |
| Dec 15, 2025 | Bing XueEVP-WW Sales & Bus Development | Sold plan | 1,845 | $20.56 | $0.0M | Form 4 |
| Nov 14, 2025 | Bing XueEVP-WW Sales & Bus Development | Sold plan | 1,845 | $18.16 | $0.0M | Form 4 |
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably ALPHA & OMEGA SEMICONDUCTOR Ltd can carry it.
KIRA summarises the numbers
ALPHA & OMEGA SEMICONDUCTOR Ltd has $176M more cash than debt.
Cash vs debt (incl. leases)
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $314M | $195M | $175M | $153M | $181M |
| Debt incl. finance leases | $72.8M | $53.9M | $41.6M | $29.0M | $4.9M |
| Net debt / EBITDA | β1.7x | β2.1x | β2.7x | β3.7x | β12.5x |
| Debt / equity | 0.1x | 0.1x | 0.0x | 0.0x | 0.0x |
| Interest coverage | β | 4.6x | β0.9x | β10.8x | β55.7x |
| Current ratio | 2.1x | 2.5x | 2.6x | 2.6x | 3.4x |
| Quick ratio | 1.5x | 1.4x | 1.3x | 1.3x | 1.9x |
| Total assets | $1.3B | $1.2B | $1.1B | $1.0B | $964M |
| Total liabilities | $445M | $316M | $253M | $212M | $166M |
| Shareholders' equity | $854M | $884M | $892M | $822M | $798M |
| Net debt (β = net cash) | β$242M | β$141M | β$134M | β$124M | β$176M |
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
KIRA summarises the numbers
Its return on capital was β5.5%: every 100 invested in the business earned about β5 in a year.
Return on capital, equity and assets (annual)
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
KIRA summarises the numbers
ALPHA & OMEGA SEMICONDUCTOR Ltd passes 5 of 9 financial health tests (Piotroski F-score).
| Test | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 3 / 9 | 4 / 9 | 2 / 9 | 8 / 9 | 6 / 9 | 5 / 9 | 5 / 9 | 4 / 9 | 5 / 9 |
| Accruals ratio | β7.2% | 2.0% | β4.2% | β9.0% | β8.3% | 21.1% | β0.6% | β3.1% | β11.6% | β2.6% |
| Altman Z'' | 6.15 | 3.18 | 2.56 | 2.27 | 3.31 | 5.55 | 6.18 | 6.87 | 7.10 | 8.53 |
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $383M | $422M | $451M | $465M | $657M | $778M | $691M | $657M | $696M | $679M |
| Net interest income | β | β | β | β$2.7M | β$6.3M | β$3.9M | $3.8M | $5.2M | $4.3M | $4.0M |
| Gross profit | $91.8M | $112M | $115M | $103M | $205M | $269M | $200M | $172M | $161M | $152M |
| Research and development | $29.8M | $37.3M | $46.4M | $51.3M | $63.0M | $71.3M | $88.1M | $89.9M | $94.3M | $104M |
| Operating income | $13.1M | $8.4M | β$7.0M | β$13.9M | $64.1M | $102M | $22.5M | β$3.8M | β$28.4M | β$43.2M |
| Interest expense | $0.1M | $0.8M | $6.9M | β | β | β | $4.9M | $4.0M | $2.6M | $0.8M |
| Pretax income | $12.9M | $5.7M | β$13.4M | β$17.9M | $60.2M | $495M | $19.7M | β$2.6M | β$27.8M | β$35.6M |
| Income tax | $3.7M | $0.7M | $1.3M | $0.3M | $3.9M | $39.3M | $5.9M | $3.6M | β$8.6M | $7.5M |
| Net income | $13.8M | $14.3M | $1.9M | β$6.6M | $58.1M | $453M | $12.4M | β$11.1M | β$97.0M | β$42.3M |
| Diluted EPS | $0.56 | $0.57 | $0.08 | β$0.27 | $2.13 | $16.07 | $0.42 | β$0.39 | β$3.30 | β$1.41 |
| Diluted shares | 0.02B | 0.02B | 0.02B | 0.02B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B |
| Cash flow | ||||||||||
| Cash from operations | $42.6M | $3.5M | $31.4M | $62.3M | $129M | $219M | $20.5M | $25.7M | $29.7M | β$16.3M |
| Capital expenditure | β | β | β | $62.4M | $72.7M | $138M | $110M | $37.1M | $37.2M | $51.8M |
| Free cash flow | β | β | β | β$0.1M | $56.0M | $80.9M | β$90.0M | β$11.4M | β$7.5M | β$68.1M |
| Depreciation and amortization | $27.2M | $29.4M | $32.0M | $45.1M | $52.7M | $42.9M | $43.2M | $53.8M | $62.4M | $57.3M |
| Stock-based compensation | $6.6M | $11.4M | $13.2M | $10.5M | $15.3M | $31.3M | $37.5M | $21.6M | $29.6M | $26.7M |
| Share buybacks | $0.0M | $15.1M | $1.5M | $0.0M | $0.0M | $0.0M | $13.4M | $0.0M | $0.0M | $18.2M |
| Dividends and buybacks | $0.0M | $15.1M | $1.5M | $0.0M | $0.0M | $0.0M | $13.4M | $0.0M | $0.0M | $18.2M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $116M | $132M | $122M | $159M | $202M | $314M | $195M | $175M | $153M | $181M |
| Total debt | $0.0M | $34.5M | $113M | $160M | $136M | $68.0M | $49.8M | $38.4M | $26.7M | $3.6M |
| Finance lease liabilities | β | β | $51.1M | $42.1M | $29.4M | $4.7M | $4.1M | $3.2M | $2.3M | $1.3M |
| Current assets | $225M | $285M | $295M | $318M | $407M | $550M | $424M | $398M | $396M | $438M |
| Current liabilities | $94.9M | $155M | $178M | $192M | $233M | $268M | $173M | $154M | $155M | $127M |
| Inventory | $76.3M | $90.2M | $112M | $136M | $154M | $158M | $183M | $196M | $190M | $201M |
| Property and equipment, net | $148M | $332M | $410M | $412M | $437M | $319M | $358M | $337M | $314M | $315M |
| Goodwill | $0.3M | $0.3M | $0.3M | $0.3M | $0.3M | $0.3M | $0.3M | $0.3M | $0.3M | $0.3M |
| Intangible assets | $0.0M | $16.3M | $16.6M | $16.5M | $13.1M | $9.8M | $6.5M | $3.2M | $0.0M | $1.1M |
| Total assets | $398M | $667M | $739M | $793M | $919M | $1.3B | $1.2B | $1.1B | $1.0B | $964M |
| Total liabilities | $99.9M | $241M | $296M | $361M | $402M | $445M | $316M | $253M | $212M | $166M |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $271M | $279M | $291M | $294M | $373M | $854M | $884M | $892M | $822M | $798M |
| Margins | ||||||||||
| Gross margin | 24.0% | 26.6% | 25.6% | 22.1% | 31.1% | 34.5% | 28.9% | 26.2% | 23.1% | 22.3% |
| Operating margin | 3.4% | 2.0% | β1.6% | β3.0% | 9.8% | 13.1% | 3.3% | β0.6% | β4.1% | β6.4% |
| EBITDA margin | 10.5% | 9.0% | 5.5% | 6.7% | 17.8% | 18.6% | 9.5% | 7.6% | 4.9% | 2.1% |
| Net margin | 3.6% | 3.4% | 0.4% | β1.4% | 8.8% | 58.3% | 1.8% | β1.7% | β13.9% | β6.2% |
| FCF margin | β | β | β | β0.0% | 8.5% | 10.4% | β13.0% | β1.7% | β1.1% | β10.0% |
| Net interest share of revenue | β | β | β | β0.6% | β1.0% | β0.5% | 0.5% | 0.8% | 0.6% | 0.6% |
| Returns | ||||||||||
| Return on capital | 6.1% | 4.1% | β2.0% | β3.7% | 19.5% | 15.5% | 2.1% | β0.4% | β3.2% | β5.5% |
| Return on capital employed | 4.3% | 1.6% | β1.3% | β2.3% | 9.3% | 9.9% | 2.2% | β0.4% | β3.2% | β5.2% |
| Return on equity | 5.1% | 5.2% | 0.7% | β2.3% | 17.4% | 73.8% | 1.4% | β1.2% | β11.3% | β5.2% |
| Return on assets | 3.5% | 2.7% | 0.3% | β0.9% | 6.8% | 40.9% | 1.0% | β0.9% | β8.9% | β4.2% |
| Return on tangible equity | 5.1% | 5.4% | 0.7% | β2.4% | 16.2% | 53.7% | 1.4% | β1.2% | β11.8% | β5.3% |
| Growth | ||||||||||
| Revenue growth | β | 10.0% | 7.0% | 3.1% | 41.3% | 18.4% | β11.1% | β4.9% | 5.9% | β2.5% |
| Net income growth | β | 3.1% | β87.0% | β454.4% | β | 679.8% | β97.3% | β189.6% | β | β |
| EPS growth | β | 1.8% | β86.0% | β437.5% | β | 654.5% | β97.4% | β192.9% | β | β |
| FCF growth | β | β | β | β | β | 44.3% | β211.3% | β | β | β |
| Share count change | β | 0.1% | β0.6% | 0.6% | 9.8% | 3.4% | 4.7% | β4.4% | 4.1% | 1.9% |
| Financial health | ||||||||||
| Net debt / EBITDA | β2.9x | β2.6x | 1.7x | 1.4x | β0.3x | β1.7x | β2.1x | β2.7x | β3.7x | β12.5x |
| Debt / equity | 0.0x | 0.1x | 0.4x | 0.5x | 0.4x | 0.1x | 0.1x | 0.0x | 0.0x | 0.0x |
| Interest coverage | 144.4x | 10.3x | β1.0x | β | β | β | 4.6x | β0.9x | β10.8x | β55.7x |
| Current ratio | 2.4x | 1.8x | 1.7x | 1.7x | 1.7x | 2.1x | 2.5x | 2.6x | 2.6x | 3.4x |
| Quick ratio | 1.6x | 1.3x | 1.0x | 1.0x | 1.1x | 1.5x | 1.4x | 1.3x | 1.3x | 1.9x |
| Capital allocation | ||||||||||
| Capex / revenue | β | β | β | 13.4% | 11.1% | 17.7% | 16.0% | 5.6% | 5.3% | 7.6% |
| Stock comp / revenue | 1.7% | 2.7% | 2.9% | 2.2% | 2.3% | 4.0% | 5.4% | 3.3% | 4.2% | 3.9% |
| Payouts / FCF | β | β | β | β | 0.0% | 0.0% | β | β | β | β |
| Quality scores | ||||||||||
| Piotroski F-score | β | 3.0 | 4.0 | 2.0 | 8.0 | 6.0 | 5.0 | 5.0 | 4.0 | 5.0 |
| Altman Z'' | 6.2 | 3.2 | 2.6 | 2.3 | 3.3 | 5.6 | 6.2 | 6.9 | 7.1 | 8.5 |
| Accruals ratio | β7.2% | 2.0% | β4.2% | β9.0% | β8.3% | 21.1% | β0.6% | β3.1% | β11.6% | β2.6% |
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
Source: SEC EDGAR XBRL filings (CIK 0001387467). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
