Alpha & Omega (NASDAQ: AOSL) reported Q1 EPS of $0.55, $0.04 better than the analyst estimate of $0.51. Revenue for the quarter came in at $151.6 million versus the consensus estimate of $150.03 million.

AOS Chairman and Chief Executive Officer Dr. Mike Chang commented, “Business momentum accelerated in the September quarter despite the ongoing global uncertainty with the COVID-19 pandemic. We delivered solid revenue growth and robust bottom line performance. Shipments were strong across most of our product categories, particularly computing and consumer applications. Our technical expertise enables us to develop a broader variety of power discrete and power IC technology platforms and to deliver complete power solutions for more target applications. Over the years, we have evolved from a component supplier to a solution provider. We have engaged more deeply with our customers, strengthened relationships, and become their strategic partner.”

Dr. Chang continued, "We are pleased with our direction and excited about our growth trajectory. We have a strong pipeline of new products, new customers, and new design wins. We are focused on executing our growth strategy and building on the strong momentum as we continue our mission to become a leading designer, developer, and global supplier of a broad portfolio of power semiconductors. That being said, the environment in which we are operating remains highly uncertain. We are working diligently to drive growth, but are prepared to respond quickly should conditions change due to the COVID-19 pandemic, the economy, trade tensions, or other issues."

GUIDANCE:

Alpha & Omega sees Q2 2021 revenue of $150-156 million, versus the consensus of $141.4 million.

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