Company: AOSL
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001387467-25-000017
Chunk: 21

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 1
Chunk 21
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371 Short-term customer deposits are payments received from customers for securing future product shipments.  As of December 31, 2024, $9.0 million for such deposits were from Customer A, $4.5 million were from Customer B, and $13.9 million were from other customers.  As of June 30, 2024, $9.0 million were from Customer A, $8.9 million were from Customer B, and $14.3 million were from other customers.The activities in the warranty accrual, included in accrued liabilities, are as follows: Six Months Ended December 31,20242023(in thousands)Beginning balance$2,407 $1,674 Additions 656 643 Released(700)— Utilization(403)(165)Ending balance$1,960 $2,152 

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

The activities in the stock rotation accrual, included in accrued liabilities, are as follows: Six Months Ended December 31,20242023(in thousands)Beginning balance$4,660 $5,588 Additions4,709 5,504 Utilization(5,231)(5,634)Ending balance$4,138 $5,458 Other long-term liabilities:  December 31,2024June 30,2024(in thousands)Customer deposits$8,000 $19,661 Computer software liabilities390 — Other long-term liabilities$8,390 $19,661 Customer deposits are payments received from customers for securing future product shipments.  As of December 31, 2024, $5.0 million for such deposits were from Customer A, $1.0 million were from Customer B, and $2.0 million were from other customers.  As of June 30, 2024, $12.0 million were from Customer A, $2.0 million were from Customer B, and $5.7 million were from other customers.

19

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

7. Bank Borrowings 

Short-term borrowingsIn March 2024, Bank of Communications Limited in China provided a