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Alpha & Omega Q4: Revenue in Line, All Segments Rebound Sequentially
Alpha and Omega reported Q4 revenue in line with guidance, while margins rebounded at the high end of management’s guided range. Each of Alpha and Omega’s four key segments recorded sequential growth in the quarter, with management saying this “broad-based” rebound “confirmed the inventory correction is largely complete.” However, management noted that PCs are “taking longer to recover than originally expected,” though sequential growth is still expected in the September quarter due to seasonal strength. Intel’s report last week showed that the challenged chipmaker is going all-in on AI PCs, making the decision to “more quickly ramp” its Core Ultra AI PC chips at the expense of margins and profitability.
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