Company: AOSL
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001387467-25-000066
Chunk: 77

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 77
---
75.5 %Gross profit$42,845 $44,526 $(1,681)(3.8)%Percentage of revenue23.5 %24.5 %

Cost of goods sold was $139.7 million for the three months ended September 30, 2025, an increase of $2.3 million or 1.7%, as compared to $137.4 million for the same quarter last year.  The increase was primarily due to 0.3% increase in sales.  Gross margin decreased by 1.0 percentage points to 23.5% for the three months ended September 30, 2025, as compared to 24.5% for the same quarter last year.  The decrease in gross margin was primarily due to higher material costs during the three months ended September 30, 2025.

Research and development expenses

Three Months Ended September 30, 20252024Change (in thousands)(in thousands)(in percentage)Research and development expenses$24,145 $22,478 $1,667 7.4 %

Research and development expenses were $24.1 million for the three months ended September 30, 2025, an increase of $1.7 million, or 7.4%, as compared to $22.5 million for the same quarter last year.  The increase was primarily attributable to a $1.6 million increase in employee compensation and benefit expense mainly due to increased headcount, merit salary increases, and higher bonus expense.

Selling, general and administrative expenses

Three Months Ended September 30, 20252024Change (in thousands)(in thousands)(in percentage)Selling, general and administrative$23,284 $22,300 $984 4.4 %

Selling, general and administrative expenses were $23.3 million for the three months ended September 30, 2025, an increase of $1.0 million, or 4.4%, as compared to $22.3 million for the same quarter last year.  The increase was primarily due to a $0.9 million increase in employee compensation and benefits expenses primarily due to merit salary increases and higher bonus expense, a $0.2 million increase in share-based compensation expense as a result of more grants of awards, and a $0.2 million increase in audit fees, partially offset by $0.2 million decrease in design-win commission.

Other income (loss),