Company: AOSL
Filing Date: 2025-08-28
Form Type: 10-K
Source: 0001628280-25-041297
Chunk: 42

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-08-28
Form: 10-K
Item: Item 15
Chunk 42
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3,187 4,620 Deferred(13,502)(1,669)(404)State taxes, net of federal benefit:Current(6)(6)79 Total provision (benefit) for income taxes$(8,625)$3,649 $5,937 The reconciliation of the federal statutory income tax rate to our effective income tax rate is as follows (in percentage): Year Ended June 30, 202520242023United States statutory rate21.0 %21.0 %21.0 %Stock-based compensation(0.3)(3.7)0.2 Foreign taxes, net(38.9)(186.9)13.5 Outside basis difference on equity method investment45.1 27.4 (1)Tax credits 7.7 86.2 (13.3)Non-deductible expenses(1.0)(6.9)1.5 Tax exempt income— 2.8 (1.5)Withholding taxes— — 9.0 Non-deductible executive compensation(6.0)(78.6)7.3 Foreign derived intangible income deduction2.0 0.0 (7.2)Other1.4 0.6 0.6  31.0 %(138.1)%30.1 %    As shown in the above effective tax rate analysis, the Company’s effective tax rate was 31.0%, (138.1)%, and 30.1% for fiscal year 2025, 2024 and 2023, respectively.  The primary reason for the large percentage differences in the  overall effective tax rate reconciliation between the fiscal 2024 year and fiscal 2025 year as well as between the fiscal 2024 year and fiscal 2023 year is mainly due to the smaller amount of pretax book loss of $2.6 million as the denominator in the calculation of effective tax rate reconciliation in fiscal 2024, as compared to the larger amount of pretax book loss of $27.8 million in fiscal 2025 as the 

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denominator as well as the pretax book income of $19.7 million in fiscal 2023 as the denominator in calculating the effective tax rates for these two years.When comparing the effective tax rate impact on the differences in pretax book loss between fiscal 2025 versus fiscal 202