Company: AOSL
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001387467-25-000017
Chunk: 102

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 8
Chunk 102
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 in revenue of packaging and testing services for the six months ended December 31, 2024, as compared to same period last year, was primarily due to increased demand.  The decrease in license and development services for the six months ended December 31, 2024 was related to the license agreement with a customer to license our proprietary SiC technology and to provide 24-month engineering and development services.  

Cost of goods sold and gross profit

Three Months Ended December 31, Six Months Ended December 31, 20242023Change20242023Change (in thousands)(in thousands)(in percentage)(in thousands)(in thousands)(in percentage)Cost of goods sold$133,145 $121,284 $11,861 9.8 %$270,506 $250,992 $19,514 7.8 %Percentage of revenue76.9 %73.4 %76.2 %72.6 %Gross profit$40,011 $44,001 $(3,990)(9.1)%$84,537 $94,926 $(10,389)(10.9)%Percentage of revenue23.1 %26.6 %23.8 %27.4 %

Cost of goods sold was $133.1 million for the three months ended December 31, 2024, an increase of $11.9 million or 9.8%, as compared to $121.3 million for the same quarter last year.  The increase was primarily due to 4.8% increase in sales.  Gross margin decreased by 3.5 percentage points to 23.1% for the three months ended December 31, 2024, as compared to 26.6% for the same quarter last year.  The decrease in gross margin was primarily due to average selling pricing erosion, higher material costs and less favorable product mix during the three months ended December 31, 2024.

Cost of goods sold was $270.5 million for the six months ended December 31, 2024, an increase of $19.5 million, or 7.8%, as compared to $251.0 million for the same period last year. The increase was primarily due to 2.6% increase in sales.  Gross margin decreased by 3.6 percentage points to 23.8% for the six months ended December 31, 2024,