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Alpha and Omega Semiconductor Limited

AOSLTechnologyNASDAQ

Semiconductors · Last scanned May 30, 2026

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Financials · Annual
Revenue
$696.2M
+5.9% YoY
Net Income
-$97.0M
-775.2% YoY
EBITDA
$37.2M
-32.4% YoY
Free Cash Flow
-$37.3M

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About Alpha and Omega Semiconductor Limited

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China,. The $1.36B market capitalization puts AOSL squarely in small-cap range for its industry. The company offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), Shielded-Gate low voltage and mid-voltage MOSFETs, SuperJunction high voltage MOSFETs, and trench-stop insulated gate bipolar transistors (IGBTs), as well as application specific MOSFETs for use in smartphone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, e-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding.

Key stats
Market Cap$1.36B
Fwd P/E-111.98
EPS$-3.60
Beta2.58
52W Change+112.4%
ROE-12.6%
Analysis

With $191.0M in cash and $29.1M in debt, AOSL maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. Free cash flow is running at -$37.3M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of -12.6% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has pulled back from $777.6M (2022) to $696.2M (2025), a 10% decline worth watching.

A beta of 2.58 means AOSL is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. With cash comfortably exceeding debt, AOSL has financial flexibility that may help navigate uncertain periods. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Alpha and Omega Semiconductor Limited and its sector.

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