Company: AOSL
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001387467-25-000066
Chunk: 60

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 60
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30, 2025409,563 $27.71 1.59$11,451,381 Employee Share Purchase Plan (“ESPP”)The assumptions used to estimate the fair values of common shares issued under the ESPP were as follows:Three Months Ended September 30,2025Volatility rate71.0%Risk-free interest rate4.1%Expected term1.3 yearsDividend yield—%Share-based Compensation Expense The total share-based compensation expense recognized in the Condensed Consolidated Statements of Loss for the periods presented was as follows:Three Months Ended September 30,20252024(in thousands)Cost of goods sold$1,065 $1,015 Research and development1,859 1,935 Selling, general and administrative4,208 3,952 $7,132 $6,902 As of September 30, 2025, total unrecognized compensation cost under the Company’s share-based compensation plans was $45.7 million, which is expected to be recognized over a weighted-average period of 2.4 years.

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

10. Income Taxes  

The Company recognized income tax expense of approximately $1.9 million and $1.0 million for the three months ended September 30, 2025 and 2024, respectively.  The income tax expense of $1.9 million for the three months ended September 30, 2025 included a $0.1 million discrete tax expense.  The income tax expense of $1.0 million for the three months ended September 30, 2024 included a $0.1 million discrete tax expense.  Excluding the discrete income tax items, the income tax expense for the three months ended September 30, 2025 and 2024 was $1.9 million and $1.0 million, respectively, and the effective tax rate for the three months ended September 30, 2025 and 2024 was (952.4)% and (65.8)%, respectively.  The changes in the tax expense and effective tax rate between the periods resulted primarily from changes in the mix of earnings in various geographic jurisdictions between the current period and the same period of last year, including reporting $0.6 million of income tax expense related to the Company’s