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May 7, 2026 4:00 PM

Why Alpha & Omega Semiconductor Shares Are Dipping Today?

Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL) shares are tanking on Thursday. The company reported a third-quarter earnings loss in the after-market session on Wednesday.

Earnings Snapshot

Alpha & Omega Semiconductor reported:

Adjusted loss per share of 28 cents, better than the consensus loss per share of 34 cents.

Revenue of $163.8 million also slightly exceeded expectations of $160.0 million.

Gross margins weakened, with GAAP gross margin at 21.1% and adjusted margins at 21.7%, both slightly lower than the prior quarter and the year-ago period.

Cash usage from operations was $8.3 million, broadly in line with the previous quarter, while cash and equivalents stood ...