Company: AOSL
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001387467-25-000066
Chunk: 53

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 53
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 2025, $7.0 million for such deposits were from Customer A, $2.0 million were from Customer B, and $10.6 million were from other customers.  As of June 30, 2025, $7.0 million were from Customer A, $2.0 million were from Customer B, and $8.0 million were from other customers.The activities in the warranty accrual, included in accrued liabilities, are as follows:Three Months Ended September 30,20252024(in thousands)Beginning balance$2,118 $2,407 Additions 163 341 Released— (700)Utilization(199)(200)Ending balance$2,082 $1,848 

14

ALPHA AND OMEGA SEMICONDUCTOR LIMITEDNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

The activities in the stock rotation accrual, included in accrued liabilities, are as follows:Three Months Ended September 30,20252024(in thousands)Beginning balance$6,184 $4,660 Additions3,598 2,251 Utilization(4,123)(2,459)Ending balance$5,659 $4,452 Other long-term liabilities:  September 30,2025June 30,2025(in thousands)Customer deposits$2,000 $7,000 Other504 — Other long-term liabilities$2,504 $7,000 Customer deposits are payments received from customers for securing future product shipments.  As of September 30, 2025, $1.0 million for such deposits were from Customer A, and $1.0 million were from other customers.  As of June 30, 2025, $5.0 million were from Customer A and $2.0 million were from other customers.

15

ALPHA AND OMEGA SEMICONDUCTOR LIMITEDNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

7. Bank Borrowings 

Accounts Receivable Factoring AgreementOn August 9, 2019, one of the Company's wholly-owned subsidiaries (the "Borrower") entered into a factoring agreement with the Hongkong and Shanghai Banking Corporation Limited (“HSBC”), whereby the Borrower assigns certain of its accounts receivable with recourse. This factoring agreement