Company: AOSL
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001387467-25-000017
Chunk: 129

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 2
Chunk 129
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.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, as compared to 27.4% for the same period last year. The decrease in gross margin was primarily due to average selling price erosion, higher material costs and less favorable product mix during the periods.

37

Research and development expenses

Three Months Ended December 31, Six Months Ended December 31, 20242023Change20242023Change (in thousands)(in thousands)(in percentage)(in thousands)(in thousands)(in percentage)Research and development expenses$23,968 $22,919 $1,049 4.6 %$46,446 $45,032 $1,414 3.1 %

Research and development expenses were $24.0 million for the three months ended December 31, 2024, an increase of $1.0 million, or 4.6%, as compared to $22.9 million for the same quarter last year.  The increase was primarily attributable to a  $0.5 million increase in employee compensation and benefit expense mainly due to higher bonus expense, as well as a