Company: AOSL
Filing Date: 2025-08-28
Form Type: 10-K
Source: 0001628280-25-041297
Chunk: 139

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-08-28
Form: 10-K
Item: Item 7
Chunk 139
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696,162 $657,274 $38,888 5.9 %

Total revenue was $696.2 million for fiscal year 2025, an increase of $38.9 million, or 5.9%, as compared to $657.3 million for fiscal year 2024.  The increase was primarily due to an increase of $23.4 million and $24.1 million in sales of power discrete products and power IC products, respectively, offset by a decrease of $1.2 million in sales of packaging and testing services and other, as well as a decrease of $7.4 million in license and development services.  The increase in power discrete and power IC product sales was primarily due to a 17.1% increase in unit shipments, offset by an 8.0% decrease in average selling price as compared to last fiscal year due to a shift in product mix.  The decrease in revenue from packaging and testing services and other for fiscal year 2025 as compared to the last fiscal year was primarily due to decreased demand.  The decrease in license and development services for the fiscal year 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 in February 2025.

Cost of goods sold and gross profit

 Year Ended June 30, Change 20252024FY25 vs. FY24 (in thousands)(in thousands)(in percentage)Cost of goods sold$535,158 $485,356 $49,802 10.3 %  Percentage of revenue76.9 %73.8 %Gross profit$161,004 $171,918 $(10,914)(6.3)%  Percentage of revenue23.1 %26.2 %

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Cost of goods sold was $535.2 million for fiscal year 2025, an increase of $49.8 million, or 10.3%, as compared to $485.4 million for fiscal year 2024.  The increase was primarily due to 5.9% increase in revenue.  Gross margin decreased by 3.1 percentage points to 23.1% for fiscal year 2025, as compared to 26.2% for fiscal year 2024.  The decrease in gross margin was primarily due to average selling pricing erosion, higher material costs and less favorable product mix during fiscal