Alpha and Omega Semiconductor (AOSL) financial statements
Alpha and Omega Semiconductor reported revenue of $679M in fiscal 2026, up 6.6% a year over 9 years.
Net income was -$42M and the operating margin -6.4%, against 3.4% in 2017.
Free cash flow was -$68M, and the company returned $18M in net buybacks.
The diluted share count rose 21% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Alpha and Omega Semiconductor's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $383M | $422M | $451M | $465M | $657M | $778M | $691M | $657M | $696M | $679M |
| Cost of revenue | $292M | $310M | $336M | $362M | $452M | $509M | $492M | $485M | $535M | $527M |
| Gross profit | $92M | $112M | $115M | $103M | $205M | $269M | $200M | $172M | $161M | $152M |
| Research and development | $30M | $37M | $46M | $51M | $63M | $71M | $88M | $90M | $94M | $104M |
| Selling, general and admin | $49M | $66M | $76M | $65M | $78M | $95M | $89M | $86M | $95M | $91M |
| Operating income | $13M | $8M | -$7M | -$14M | $64M | $102M | $23M | -$4M | -$28M | -$43M |
| Interest expense | $91,000 | $821,000 | $7M | — | — | — | $5M | $4M | $3M | $775,000 |
| Pre-tax income | $13M | $6M | -$13M | -$18M | $60M | $495M | $20M | -$3M | -$28M | -$36M |
| Income tax | $4M | $708,000 | $1M | $348,000 | $4M | $39M | $6M | $4M | -$9M | $7M |
| Net income | $14M | $14M | $2M | -$7M | $58M | $453M | $12M | -$11M | -$97M | -$42M |
| EPS (diluted) | $0.56 | $0.57 | $0.08 | -$0.27 | $2.13 | $16.07 | $0.42 | -$0.39 | -$3.30 | -$1.41 |
| Diluted shares | 25M | 25M | 25M | 25M | 27M | 28M | 30M | 28M | 29M | 30M |
| 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% | -1.6% | -3.0% | 9.8% | 13.1% | 3.3% | -0.6% | -4.1% | -6.4% |
| Net margin | 3.6% | 3.4% | 0.4% | -1.4% | 8.8% | 58.3% | 1.8% | -1.7% | -13.9% | -6.2% |
Balance sheet
Fiscal years, from Alpha and Omega Semiconductor's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $116M | $132M | $122M | $159M | $202M | $314M | $195M | $175M | $153M | $181M |
| Receivables | $28M | $34M | $24M | $13M | $36M | $66M | $22M | $13M | $35M | $43M |
| Inventory | $76M | $90M | $112M | $136M | $154M | $158M | $183M | $196M | $190M | $201M |
| Total current assets | $225M | $285M | $295M | $318M | $407M | $550M | $424M | $398M | $396M | $438M |
| Property, plant and equipment | $148M | $332M | $410M | $412M | $437M | $319M | $358M | $337M | $314M | $315M |
| Goodwill | $300,000 | $269,000 | $269,000 | $269,000 | $269,000 | $269,000 | $269,000 | $269,000 | $269,000 | $269,000 |
| Total assets | $398M | $667M | $739M | $793M | $919M | $1.3B | $1.2B | $1.1B | $1.0B | $964M |
| Total current liabilities | $95M | $155M | $178M | $192M | $233M | $268M | $173M | $154M | $155M | $127M |
| Long-term debt | $0 | $27M | $59M | $100M | $78M | $42M | $38M | $27M | $15M | $537,000 |
| Total liabilities | $100M | $241M | $296M | $361M | $402M | $445M | $316M | $253M | $212M | $166M |
| Shareholders' equity | $271M | $279M | $291M | $294M | $373M | $854M | $884M | $892M | $822M | $798M |
| Net debt | -$116M | -$101M | -$36M | -$29M | -$66M | -$246M | -$145M | -$137M | -$126M | -$180M |
Cash flow
Fiscal years, from Alpha and Omega Semiconductor's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $43M | $3M | $31M | $62M | $129M | $219M | $20M | $26M | $30M | -$16M |
| Capital spending | $16M | $128M | $76M | $62M | $73M | $138M | $110M | $37M | $37M | $52M |
| Free cash flow | $27M | -$125M | -$45M | -$83,000 | $56M | $81M | -$90M | -$11M | -$8M | -$68M |
| Stock-based compensation | $7M | $11M | $13M | $10M | $15M | $31M | $37M | $22M | $30M | $27M |
| Share buybacks (net) | $0 | -$15M | -$2M | $0 | $0 | $0 | -$13M | $0 | $0 | -$18M |
| Net borrowing | $0 | $31M | $56M | $47M | -$708,000 | $29M | -$18M | -$11M | -$12M | -$23M |
| Free cash flow margin | 6.9% | -29.6% | -9.9% | -0.0% | 8.5% | 10.4% | -13.0% | -1.7% | -1.1% | -10.0% |
Questions
What was Alpha and Omega Semiconductor's revenue in 2026?
$679M in fiscal 2026, from its 10-K filing.
How much free cash flow does Alpha and Omega Semiconductor generate?
-$68M in fiscal 2026 (operating cash flow minus capital spending).
From Alpha and Omega Semiconductor's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.