Company: AOSL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001387467-25-000044
Chunk: 100

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 100
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 thousands)(in thousands)(in percentage)(in thousands)(in thousands)(in percentage)Cost of goods sold$129,458 $114,505 $14,953 13.1 %$399,964 $365,497 $34,467 9.4 %Percentage of revenue78.6 %76.3 %77.0 %73.7 %Gross profit$35,177 $35,555 $(378)(1.1)%$119,714 $130,481 $(10,767)(8.3)%Percentage of revenue21.4 %23.7 %23.0 %26.3 %

Cost of goods sold was $129.5 million for the three months ended March 31, 2025, an increase of $15.0 million or 13.1%, as compared to $114.5 million for the same quarter last year.  The increase was primarily due to 9.7% increase in sales.  Gross margin decreased by 2.3 percentage points to 21.4% for the three months ended March 31, 2025, as compared to 23.7% 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 March 31, 2025.

Cost of goods sold was $400.0 million for the nine months ended March 31, 2025, an increase of $34.5 million, or 9.4%, as compared to $365.5 million for the same period last year. The increase was primarily due to 4.8% increase in sales.  Gross margin decreased by 3.3 percentage points to 23.0% for the nine months ended March 31, 2025, as compared to 26.3% 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.

36

Research and development expenses

Three Months Ended March 31,Nine Months Ended March 31, 20252024Change20252024Change (in thousands)(in thousands)(in percentage)(in thousands)(in thousands)(in percentage)Research and development expenses$23,398 $23,095 $303 1.3 %$69,844 $68