Benzinga | Aug 11, 2021 04:03PM EDT

Alpha and Omega Semiconductor Sees Q1 Sales $177M-$183M vs $173.67M Est.

Business Outlook for Fiscal Q1 Ending September 30, 2021

The following statements are based on management's current expectations. These statements are forward-looking, and actual results may differ materially. AOS undertakes no obligation to update these statements.

* Revenue is expected to be $180 million plus or minus $3 million.

* Gross margin is expected to be 33.7% plus or minus 1%. Non-GAAP gross margin is expected to be 34.5% plus or minus 1%. Note that non-GAAP gross margin excludes $0.6 million of estimated share-based compensation charges and $0.8 million of amortization of purchased intangible.

* GAAP operating expenses are expected to be in the range of $37.7 million, plus or minus $1 million. Non-GAAP operating expenses are expected to be in the range of $33.5 million plus or minus $1 million. Non-GAAP operating expenses exclude $0.5 million of estimated legal expenses related to the government investigation and $3.9 million of estimated share-based compensation charges.

* Tax expense is expected to be $1.0 million to $1.4 million.

* Loss attributable to noncontrolling interest is expected to be around $0.5 million.