Alpha And Omega Semiconductor Limited · NASDAQ:AOSL
Alpha And Omega Semiconductor — Investor Presentation (February 2026)
20 slides from Alpha And Omega Semiconductor's investor presentation, Feb 5, 2026
Slide 1: Investor Presentation
I N V E S T O R P R E S E N TAT I O N F eb r uar y 5 th ,2 0 26 (Nas da q: AOSL)
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management's judgment, beliefs, current trends, and anticipated product performance. These forward-looking statement
Slide 3: Alpha and Omega Semiconductor (NASDAQ: AOSL)
ALPHA AND OMEGA SEMICONDUCTOR (NASDAQ: AOSL) Emerging total solution provider in >$70B market Solid foundation enabling accelerated growth Strong pipeline with major growth drivers Consistent execution approaching target model AOS Confidential 3
Slide 4: Large and Growing Market for Power
LARGE AND GROWING MARKET FOR POWER $90B $80B $70B $60B $50B $40B Industrial $30B $20B Communications $10B Consumer Computing $0B 2020 2021 2022 2023 2024 2025 2026 2027 Source: Omdia 2023: Power Discrete, Modules and IC Calendar year base AOS Confidential 4
Slide 5: Diversified Product Portfolio - Total Power Solution
DIVERSIFIED PRODUCT PORTFOLIO - TOTAL POWER SOLUTION + Multiphase Controller Co-packaged Power IC and Modules High Voltage + IGBT + SiC Mid Voltage Low Voltage Voltage 40V 400V 1350V AOS Confidential 5
Slide 6: Built for Scale
BUILT FOR SCALE In house Oregon 8” Fab In house Shanghai A&T CQ JV: 12” Fab + A&T Third-party Foundries & Subcons 6 AOS Confidential
Slide 7: Strategic Customers: World Class OEMs/ODMs
STRATEGIC CUSTOMERS: WORLD CLASS OEMS/ODMS United States Mainland China Japan South Korea India Europe Taiwan
Slide 8: Revenue Growth and Growth Areas
Revenue Growth Growth Areas >$10B SAM $1B $686M Phone Battery Power Tools Computing $443M Power Supply Home Appliances Automotive CY2018 CY2025 Mid Term * * - Our target 8
Slide 9: Focused Markets (as of Q2 FY2026)
FOCUSED MARKETS (AS OF Q2 FY2026) Communications Power Supply / Industrial ▪ Smartphone ▪ Quick Chargers / PD ▪ Telecom 17% ▪ Power Tools 21% ▪ AC/DC ▪ E-Mobility 12% Consumer Computing ▪ Home Appliance ▪ Notebook / PC ▪ Gaming ▪ Graphics Card 50% ▪ Wearable ▪ Server / AI ▪ TV ▪ Tablet Chart exclude
Slide 10: Computing: BOM Expansion + Share Gains
COMPUTING: BOM EXPANSION + SHARE GAINS COMPUTING EXPANDING BOM ▪ Market leader in PC ▪ High performance CPU Vcore MOSFET and PIC Graphic Cards ▪ Expanding BOM DDR Memory PD Adapter System Power SAM: $2B+ Type C Battery Protection AI AOS Confidential 10
Slide 11: Strategic Alignment with Global OEMs
STRATEGIC ALIGNMENT WITH GLOBAL OEMS MOBILE POWER BATTERY PROTECTION QUICK CHARGER Supply all major smartphone vendors SAM: $1B+ • Safe operation • AOS 1st to support QC • Longer battery life • 10W → 18W+ • Robust performance • High performance MV FET AOS Confidential 11
Slide 12: Intelligent Modules for Home Appliances
INTELLIGENT MODULES FOR HOME APPLIANCES HOME APPLIANCE SIZE COMPARISON AOS IPM Solution with IGBT offers: 17 chips inside! • Smaller Footprint mm2 • Better Efficiency • Higher ESD and Reliability 1000 179% 900 800 151% 700 123% 600 Refrigerators, Washers / Dryers, 100% Air-con Fans 500 SAM: $2B+ 400
Slide 13: Financials
FINANCIALS AOS Confidential
Slide 14: Revenue
REVENUE (in $millions) 176.5 181.9 182.5 173.2 164.6 160.0* 161.3 162.3 Jun Q 2024 Jun Q 2025 Sep Q 2024 Sep Q 2025 Dec Q 2024 Dec Q 2025 Mar Q 2025 Mar Q 2026 * Mid point of revenue guidance for Mar Q 2026 AOS Confidential 14
Slide 15: EBITDAS
EBITDAS (in $millions) $177 Non-GAAP Net Income EBITDAS $129 $136 $101 $80 $72 $55 $63 $52 $23 $18 $29 $7 -$1 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Q2 Note: Non-GAAP net income excludes share-based compensation expenses, production ramp up costs and pre-production costs related to joint venture, amorti
Slide 16: JV: Build a Supplier + Create Equity Value
JV: BUILD A SUPPLIER + CREATE EQUITY VALUE ▪ Phased 1 of JV was fully ramped up in Sep Q 2021, expanding to Phase 2 ▪ In December 2021, completed sales of 3.2% JV CQ JV equity interest for $26.3 million ▪ In December 2021, deconsolidated JV financials, resulted in >$300 million gain ▪ In July 2025,
Slide 17: Key Financial Items Breakdown
KEY FINANCIAL ITEMS BREAKDOWN (in $ millions) JUNE QE 2024 JUNE QE 2025 DECEMBER QE 2025 CASH 175.1 153.1 196.3 DEBT 41.6 29.0 6.9 INVENTORY 195.7 189.7 200.1 FIXED ASSETS 336.6 314.1 311.0 OPERATING CASH 7.1 -2.8 -8.1 FLOW CAPEX PAID 7.2 14.3 15.0 EBITDAS 16.0 10.5 9.7 AOS Confidential 17
Slide 18: Mid Term Target Model
MID TERM TARGET MODEL NON-GAAP MODEL Mid Term REVENUE $1 BILLION GROSS MARGIN* >30% OPERATING EXPENSE** ~20% Target model is subject to general and overall market conditions. • * NonGAAP gross margin excludes share-based compensation expenses. • ** NonGAAP Operating Expense excludes share-based comp
Slide 19: Alpha and Omega Semiconductor (NASDAQ: AOSL)
ALPHA AND OMEGA SEMICONDUCTOR (NASDAQ: AOSL) Emerging total solution provider in >$70B market Solid foundation enabling accelerated growth Strong pipeline with major growth drivers Consistent execution approaching target model AOS Confidential 19
Slide 20: Thank You
ALPHA « OMEGA SEMICONDUCTOR Thank You a
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