Company: AOSL
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001387467-25-000066
Chunk: 37

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 37
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 increase in average selling price as compared to same quarter last year due to a shift in product mix.  The net increase in revenues was primarily driven by a significant increase in the computing markets, particularly in graphics cards , note books and mother board products, partially offset by a decrease in consumer markets, particularly in home appliances and gaming products, and a decrease in power supply and industrial markets, particular in power tools products and quick chargers products, as well as a decrease in communication market, particularly in battery products.  The increase in revenue of packaging and testing services for the three months ended September 30, 2025, as compared to same quarter last year, was primarily due to increased demand.  The decrease in license and development services for the three months ended September 30, 2025 was related to the license agreement with a customer to license our proprietary SiC technology and provided 24-month engineering and development services, which was completed during the three months ended March 31, 2025.

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Cost of goods sold and gross profit

Three Months Ended September 30, 20252024Change (in thousands)(in thousands)(in percentage)Cost of goods sold$139,656 $137,361 $2,295 1.7 %Percentage of revenue76.5 %75.5 %Gross profit$42,845 $44,526 $(1,681)(3.8)%Percentage of revenue23.5 %24.5 %

Cost of goods sold was $139.7 million for the three months ended September 30, 2025, an increase of $2.3 million or 1.7%, as compared to $137.4 million for the same quarter last year.  The increase was primarily due to 0.3% increase in sales.  Gross margin decreased by 1.0 percentage points to 23.5% for the three months ended September 30, 2025, as compared to 24.5% for the same quarter last year.  The decrease in gross margin was primarily due to higher material costs during the three months ended September 30, 2025.

Research and development expenses

Three Months Ended September 30, 20252024Change (in thousands)(in thousands)(in percentage)Research and development expenses$24,145 $22,478 $1,667 7.4 %

Research and development expenses were $24.1 million for the three months ended September