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EX - 99.1 2 a52423343ex99_1.htm EXHIBIT 99.1 Alpha and Omega Semiconductor Reports Financial Results for the Fiscal Third Quarter of 2021 Ended March 31 , 2021 SUNNYVALE , Calif .-- ( BUSINESS WIRE ) -- May 5 , 2021 -- Alpha and Omega Semiconductor Limited ( " AOS " ) ( NASDAQ : AOSL ) today reported financial results for the fiscal third quarter of 2021 ended March 31 , 2021 . The results for the fiscal third quarter of 2021 ended March 31 , 2021 were as follows : GAAP Financial Comparison Quarterly ( in millions , except percentage and per share data ) ( unaudited ) Three Months Ended March 31 , December 31 , March 31 , 2021 2020 2020 $ 169.2 $ $ 106.9 Revenue Gross Margin 31.1 % Operating Income ( Loss ) 17.8 $ $ $ 16.1 $ Net Income ( Loss ) Attributable to AOS Net Income ( Loss ) Per Share Attributable to AOS - Diluted $ 0.58 $ 158.8 30.7 % 13.6 12.9 0.47 Non - GAAP Financial Comparison Quarterly ( in millions , except percentage and per share data ) ( unaudited ) Revenue Non - GAAP Gross Margin Non - GAAP Operating Income $ Non - GAAP Net Income Attributable to AOS $ Non - GAAP Net Income Per Share Attributable to AOS - Diluted $ March 31 , 2021 $ Three Months Ended December 31 , 2020 169.2 31.9 % 23.0 $ 21.4 $ 0.77 $ 21.0 % $ $ ( 8.6 ) $ ( 6.5 ) $ ( 0.26 ) Exhibit 99.1 $ March 31 , 2020 106.9 27.5 % 3.5 2.9 0.11 158.8 31.4 % 18.5 $ 17.8 $ 0.65 $ The non - GAAP financial measures in the schedule above and under the section " Financial Results for Fiscal Q3 Ended March 31 , 2021 " below exclude the effect of share - based compensation expenses and legal costs related to government investigation in each of the periods presented , production ramp up costs and impairment of privately - held investment for the three months ended March 31 , 2020 , as well as amortization of purchased intangible for the three months ended March 31 , 2021 and December 31 , 2020. A detailed reconciliation of GAAP and non - GAAP financial measures is included at the end of this press release .