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ALPHA & OMEGA SEMICONDUCTOR Ltd (AOSL) Stock Fundamental Analysis & AI Rating 2026

AOSL Nasdaq Semiconductors & Related Devices CIK: 0001387467
Updated This Month • Analysis: Mar 20, 2026 • SEC Data: 2025-12-31
Combined AI Rating
SELL
80% Confidence
AGREEMENT
SELL
82% Conf
HOLD
77% Conf

📊 AOSL Key Takeaways

Revenue: $344.8M
Net Margin: -4.5%
Free Cash Flow: $-22.7M
Current Ratio: 3.44x
Debt/Equity: 0.00x
EPS: $-0.52
AI Rating: SELL with 82% confidence
ALPHA & OMEGA SEMICONDUCTOR Ltd (AOSL) receives a SELL rating with 80% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $344.8M, net profit margin of -4.5%, and return on equity (ROE) of -1.9%, ALPHA & OMEGA SEMICONDUCTOR Ltd demonstrates mixed fundamentals in the Technology sector. Below is our complete AOSL stock analysis for 2026.

Is ALPHA & OMEGA SEMICONDUCTOR Ltd (AOSL) a Good Investment?

Claude

Despite exceptional revenue growth of 16,154% YoY, Alpha & Omega is unprofitable with negative operating income, net loss, and deteriorating free cash flow, indicating growth is not translating to sustainable earnings. The company is burning cash with -$22.7M FCF despite strong liquidity, raising concerns about the quality and sustainability of this explosive growth trajectory.

ChatGPT

ALPHA & OMEGA SEMICONDUCTOR shows strong balance-sheet quality with substantial cash, minimal long-term debt, and solid liquidity, which provides resilience despite current losses. However, profitability remains weak with negative operating and net margins, free cash flow is negative, and the extreme reported revenue growth suggests growth quality should be treated cautiously until it converts into sustained earnings and cash generation.

Why Buy ALPHA & OMEGA SEMICONDUCTOR Ltd Stock? AOSL Key Strengths

Claude
  • + Exceptional revenue growth of 16,154% YoY demonstrates significant market demand and business expansion
  • + Strong balance sheet with $1.0B in total assets, $818.8M stockholders' equity, and minimal debt ($2.1M long-term)
  • + Excellent liquidity position with 3.44x current ratio and $196.3M cash, providing runway to fund operations
ChatGPT
  • + Strong liquidity with a 3.44x current ratio and $196.34M in cash
  • + Very low leverage with only $2.11M of long-term debt and a near-zero debt/equity ratio
  • + Large equity base of $818.77M provides financial flexibility

AOSL Stock Risks: ALPHA & OMEGA SEMICONDUCTOR Ltd Investment Risks

Claude
  • ! Severe profitability crisis: negative operating income (-5.3% margin), net losses (-4.5% margin), and negative ROE/ROA indicate fundamental business unprofitability
  • ! Negative free cash flow of -$22.7M despite $2.1M operating cash flow reveals cash burn exceeds operations, unsustainable without equity or debt financing
  • ! Growth quality concerns: massive YoY revenue increase (16,154%) is not credible as organic growth, suggesting accounting anomalies, acquisition, or unsustainable one-time factors
ChatGPT
  • ! Negative operating margin and net margin indicate the business is not currently generating profits
  • ! Free cash flow is negative due to weak operating cash flow relative to capital spending
  • ! Reported revenue growth appears unusually extreme, raising questions about sustainability and comparability

Key Metrics to Watch

Claude
  • * Reconcile the 16,154% revenue growth claim - verify if organic, acquisition-driven, or data error
  • * Operating cash flow sustainability and path to positive free cash flow
  • * Gross margin trend (22.5% current) and ability to achieve operating profitability at current revenue levels
ChatGPT
  • * Operating margin trend and net income improvement
  • * Free cash flow generation relative to capital expenditures

ALPHA & OMEGA SEMICONDUCTOR Ltd (AOSL) Financial Metrics & Key Ratios

Revenue
$344.8M
Net Income
$-15.4M
EPS (Diluted)
$-0.52
Free Cash Flow
$-22.7M
Total Assets
$1.0B
Cash Position
$196.3M

💡 AI Analyst Insight

Strong liquidity with a 3.44x current ratio provides a solid financial cushion.

AOSL Profit Margin, ROE & Profitability Analysis

Gross Margin 22.5%
Operating Margin -5.3%
Net Margin -4.5%
ROE -1.9%
ROA -1.5%
FCF Margin -6.6%

AOSL vs Technology Sector: How ALPHA & OMEGA SEMICONDUCTOR Ltd Compares

How ALPHA & OMEGA SEMICONDUCTOR Ltd compares to Technology sector averages

Net Margin
AOSL -4.5%
vs
Sector Avg 18.0%
AOSL Sector
ROE
AOSL -1.9%
vs
Sector Avg 22.0%
AOSL Sector
Current Ratio
AOSL 3.4x
vs
Sector Avg 2.5x
AOSL Sector
Debt/Equity
AOSL 0.0x
vs
Sector Avg 0.5x
AOSL Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is ALPHA & OMEGA SEMICONDUCTOR Ltd Stock Overvalued? AOSL Valuation Analysis 2026

Based on fundamental analysis, ALPHA & OMEGA SEMICONDUCTOR Ltd has mixed fundamental signals relative to the Technology sector in 2026.

Return on Equity
-1.9%
Sector avg: 22%
Net Profit Margin
-4.5%
Sector avg: 18%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

ALPHA & OMEGA SEMICONDUCTOR Ltd Balance Sheet: AOSL Debt, Cash & Liquidity

Current Ratio
3.44x
Quick Ratio
2.01x
Debt/Equity
0.00x
Debt/Assets
18.3%
Interest Coverage
-2.63x
Long-term Debt
$2.1M

AOSL Revenue & Earnings Growth: 5-Year Financial Trend

AOSL 5-year financial data: Year 2021: Revenue $656.9M, Net Income $1.9M, EPS $0.08. Year 2022: Revenue $777.6M, Net Income -$6.6M, EPS $-0.27. Year 2023: Revenue $777.6M, Net Income $58.1M, EPS $2.13. Year 2024: Revenue $777.6M, Net Income $453.2M, EPS $16.07. Year 2025: Revenue $696.2M, Net Income $12.4M, EPS $0.42.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: ALPHA & OMEGA SEMICONDUCTOR Ltd's revenue has shown modest growth of 6% over the 5-year period. The most recent EPS of $0.42 reflects profitable operations.

AOSL Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-6.6%
Free cash flow / Revenue

AOSL Quarterly Earnings & Performance

Quarterly financial performance data for ALPHA & OMEGA SEMICONDUCTOR Ltd including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q2 2026 $162.3M -$6.6M $-0.23
Q1 2026 $181.9M -$2.1M $-0.07
Q3 2025 $150.1M -$10.8M $-0.30
Q2 2025 $165.3M $2.9M $0.10
Q1 2025 $180.6M -$2.5M $-0.09
Q3 2024 $132.6M -$8.3M $-0.30
Q2 2024 $165.3M $2.9M $0.10
Q1 2024 $180.6M $5.8M $0.19

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

ALPHA & OMEGA SEMICONDUCTOR Ltd Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$2.1M
Cash generated from operations
Stock Buybacks
$14.0M
Shares repurchased (TTM)
Capital Expenditures
$24.7M
Investment in assets
Dividends
None
No dividend program

AOSL SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for ALPHA & OMEGA SEMICONDUCTOR Ltd (CIK: 0001387467)

📋 Recent SEC Filings

Date Form Document Action
Mar 18, 2026 4 xslF345X06/wk-form4_1773864144.xml View →
Mar 18, 2026 4 xslF345X06/wk-form4_1773864123.xml View →
Mar 18, 2026 4 xslF345X06/wk-form4_1773864079.xml View →
Mar 18, 2026 4 xslF345X06/wk-form4_1773864069.xml View →
Mar 18, 2026 4 xslF345X06/wk-form4_1773864061.xml View →

Frequently Asked Questions about AOSL

What is the AI rating for AOSL?

ALPHA & OMEGA SEMICONDUCTOR Ltd (AOSL) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (HOLD) with 80% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are AOSL's key strengths?

Claude: Exceptional revenue growth of 16,154% YoY demonstrates significant market demand and business expansion. Strong balance sheet with $1.0B in total assets, $818.8M stockholders' equity, and minimal debt ($2.1M long-term). ChatGPT: Strong liquidity with a 3.44x current ratio and $196.34M in cash. Very low leverage with only $2.11M of long-term debt and a near-zero debt/equity ratio.

What are the risks of investing in AOSL?

Claude: Severe profitability crisis: negative operating income (-5.3% margin), net losses (-4.5% margin), and negative ROE/ROA indicate fundamental business unprofitability. Negative free cash flow of -$22.7M despite $2.1M operating cash flow reveals cash burn exceeds operations, unsustainable without equity or debt financing. ChatGPT: Negative operating margin and net margin indicate the business is not currently generating profits. Free cash flow is negative due to weak operating cash flow relative to capital spending.

What is AOSL's revenue and growth?

ALPHA & OMEGA SEMICONDUCTOR Ltd reported revenue of $344.8M.

Does AOSL pay dividends?

ALPHA & OMEGA SEMICONDUCTOR Ltd does not currently pay dividends.

Where can I find AOSL SEC filings?

Official SEC filings for ALPHA & OMEGA SEMICONDUCTOR Ltd (CIK: 0001387467) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is AOSL's EPS?

ALPHA & OMEGA SEMICONDUCTOR Ltd has a diluted EPS of $-0.52.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is AOSL a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, ALPHA & OMEGA SEMICONDUCTOR Ltd has a SELL rating with 80% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is AOSL stock overvalued or undervalued?

Valuation metrics for AOSL: ROE of -1.9% (sector avg: 22%), net margin of -4.5% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.

Should I buy AOSL stock in 2026?

Our dual AI analysis gives ALPHA & OMEGA SEMICONDUCTOR Ltd a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is AOSL's free cash flow?

ALPHA & OMEGA SEMICONDUCTOR Ltd's operating cash flow is $2.1M, with capital expenditures of $24.7M. FCF margin is -6.6%.

How does AOSL compare to other Technology stocks?

Vs Technology sector averages: Net margin -4.5% (avg: 18%), ROE -1.9% (avg: 22%), current ratio 3.44 (avg: 2.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 20, 2026 | Data as of: 2025-12-31 | Powered by Claude AI