$AOSL

ALPHA & OMEGA SEMICONDUCTOR Ltd

CIK:0001387467|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Income Statement [Abstract]
Revenue	$ 678,927	$ 696,162	$ 657,274
Cost of goods sold	527,383	535,158	485,356
Gross profit	151,544	161,004	171,918
Operating expenses:
Research and development	103,858	94,265	89,940
Selling, general and administrative	90,881	95,175	85,734
Total operating expenses	194,739	189,440	175,674
Operating loss	(43,195)	(28,436)	(3,756)
Other income (loss), net	4,381	(1,004)	(73)
Interest income	3,958	4,283	5,168
Interest expenses	(775)	(2,639)	(3,982)
Net loss before income taxes and equity method investment income (loss)	(35,631)	(27,796)	(2,643)
Income tax expense (benefit)	7,468	(8,625)	3,649
Net loss before equity method investment income (loss)	(43,099)	(19,171)	(6,292)
Equity method investment income (loss)	834	(77,805)	(4,789)
Net loss	(42,265)	(96,976)	(11,081)
Net loss	$ (42,265)	$ (96,976)	$ (11,081)
Net loss per common share
Basic (in dollars per share)	$ (1.41)	$ (3.30)	$ (0.39)
Diluted (in dollars per share)	$ (1.41)	$ (3.30)	$ (0.39)
Weighted average number of common share used to compute net loss per share:
Basic (in shares)	29,951	29,405	28,236
Diluted (in shares)	29,951	29,405	28,236

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Cash flows from operating activities
Net loss before equity method investment income (loss)	$ (42,265)	$ (96,976)	$ (11,081)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	57,251	62,396	53,757
Equity method investment income (loss)	(834)	77,805	4,789
Gain on recovery of privately-held investment	(290)	0	0
Share-based compensation expense	26,678	29,569	21,641
Deferred income taxes, net	(9,287)	(13,274)	(880)
Loss on disposal of property and equipment	54	80	78
Impairment of property and equipment	334	1,045	0
Impairment of privately-held investment	0	100	0
Changes in operating assets and liabilities:
Accounts receivable	(8,026)	(22,226)	9,873
Inventories	(11,707)	6,073	(12,503)
Other current and long-term assets	1,395	(465)	1,927
Payable related to equity investee, net	(7,115)	2,127	1,731
Accounts payable	(12,110)	13,289	(2,406)
Income taxes payable	1,634	(399)	(1,974)
Deferred revenue	726	(2,591)	(5,482)
Accrued and other liabilities	(12,758)	(26,885)	(33,760)
Net cash (used in) provided by operating activities	(16,320)	29,668	25,710
Cash flows from investing activities
Proceeds from sale of equity interest in the JV Company	147,652	0	0
Purchases of property and equipment	(51,752)	(37,180)	(37,088)
Purchases of intangible assets	(569)	0	0
Proceeds from sale of property and equipment	11	61	383
Proceeds from sale of privately-held investment	290	0	0
Government grants related to equipment	145	678	961
Loan receivable from suppliers	(9,677)	0	0
Net cash provided by (used in) investing activities	86,100	(36,441)	(35,744)
Cash flows from financing activities
Withholding tax on restricted stock units	(7,518)	(10,698)	(7,678)
Proceeds from exercise of stock options and ESPP	7,997	7,801	10,114
Payments for repurchase of common shares	(18,156)	0	0
Repayments of borrowings	(23,121)	(11,664)	(11,472)
Principal payments on finance leases	(1,007)	(935)	(867)
Net cash used in financing activities	(41,805)	(15,496)	(9,903)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(48)	227	(126)
Net increase (decrease) in cash, cash equivalents and restricted cash	27,927	(22,042)	(20,063)
Cash, cash equivalents and restricted cash at beginning of year	153,498	175,540	195,603
Cash, cash equivalents and restricted cash at end of year	181,425	153,498	175,540
Supplemental disclosures of cash flow information:
Cash paid for interest	1,079	2,920	2,564
Cash paid for income taxes	17,485	4,615	5,758
Supplemental disclosures of non-cash investing and financing information:
Property and equipment purchased but not yet paid	10,840	10,574	7,381
Reissuance of treasury stock	148	155	152
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation [Abstract]
Cash and cash equivalents	180,771	153,079	175,127
Restricted cash	654	419	413
Total cash, cash equivalents, and restricted cash	$ 181,425	$ 153,498	$ 175,540

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025
Current assets:
Cash and cash equivalents	$ 180,771	$ 153,079
Restricted cash	654	419
Accounts receivable, net	42,798	34,772
Inventories	201,384	189,677
Other current assets	12,311	18,215
Total current assets	437,918	396,162
Property, plant and equipment, net	314,671	314,097
Operating lease right-of-use assets, net	22,271	21,288
Intangible assets, net	1,347	269
Equity method investment	142,658	279,122
Deferred income tax assets	8,630	599
Other long-term assets	36,060	22,766
Total assets	963,555	1,034,303
Current liabilities:
Accrued liabilities	57,677	59,027
Income taxes payable	2,849	1,790
Short-term debt	3,094	11,852
Deferred revenue	726	0
Finance lease liabilities	1,085	1,007
Operating lease liabilities	6,290	4,978
Total current liabilities	127,366	154,507
Long-term debt	537	14,872
Income taxes payable - long-term	4,776	4,201
Deferred income tax liabilities	11,936	13,192
Finance lease liabilities - long-term	189	1,274
Operating lease liabilities - long-term	16,787	16,925
Other long-term liabilities	4,063	7,000
Total liabilities	165,654	211,971
Commitments and contingencies (Note 15)
Preferred shares, par value $0.002 per share:
Authorized: 10,000 shares; issued and outstanding: none at June 30, 2026 and 2025	0	0
Common shares, par value $0.002 per share:
Authorized: 100,000 shares; issued and outstanding: 38,294 shares and 30,253 shares, respectively at June 30, 2026 and 37,127 shares and 30,009 shares, respectively at June 30, 2025	77	74
Treasury shares at cost; 8,041 shares at June 30, 2026 and 7,118 shares at June 30, 2025	(97,097)	(79,058)
Additional paid-in capital	406,933	379,779
Accumulated other comprehensive loss	(3,526)	(12,390)
Retained earnings	491,514	533,927
Total shareholders' equity	797,901	822,332
Total liabilities and shareholders' equity	963,555	1,034,303
Non-related Party
Current liabilities:
Accounts payable	46,951	60,044
Related Party
Current liabilities:
Accounts payable	$ 8,694	$ 15,809