Alpha & Omega (NASDAQ: AOSL) reported Q3 EPS of $0.11, $0.07 better than the analyst estimate of $0.04. Revenue for the quarter came in at $106.9 million versus the consensus estimate of $106.67 million.

“Despite unprecedented challenges resulting from the COVID-19 pandemic, we finished the March quarter in line with expectations, with revenue in our guidance range. As we navigate through this difficult time, our top priority is the health and well-being of our employees and their families. We are thankful that all 4,000 of our employees are safe and well, our global operations are running, and our manufacturing facilities are operating at expected levels. I am both humbled by and proud of our amazing group of employees, who delivered extraordinary performance with a strong sense of ownership and commitment, while sustaining a safe and healthy work environment,” stated Dr. Mike Chang, Chairman and CEO of AOS.

Dr. Chang continued, “Even with the overall downturn in the economy, near-term end demand for Computing and Gaming is strong. Our JV Company is starting to fulfill its purpose, as highlighted in our strategic plan for sustainable growth. It has played a critical role in enabling us to capture the surge in Computing demand. In difficult times like these, supporting our customers through uninterrupted supply of products is more important than ever. The power semiconductor market is large and growing, and we are determined and committed to accomplish our mission to expand rapidly and become a top-tier supplier to this market.”

GUIDANCE:

Alpha & Omega sees Q4 2020 revenue of $117-121 million, versus the consensus of $110 million.

For earnings history and earnings-related data on Alpha & Omega (AOSL) click here.