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Alpha & Omega Semiconductor Earnings Preview: Signs of recovery ahead?
Alpha & Omega Semiconductor will announce its Q4 FY2024 results on August 07th. The midpoint of the management revenue guide for FQ4 is $160 million, representing a YoY decline of (-0.9%). Analysts expect revenue growth to resume from the December quarter. Management has been quite transparent throughout the inventory corrections in the PC space in 2022 and the growth opportunities it sees in the computing segment, not just in PCs but also extending to graphics and AI accelerators. Management is seeing signs of a gradual rebound in the coming quarters and is approaching a recovery phase of the next cycle. Until we see actual improvement in the fundamentals, we would treat the company as a momentum play.
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