Alpha and Omega Semiconductor Reports Financial Results for the Fiscal Third Quarter of 2023 Ended March 31, 2023
Financial Results for Fiscal Q3 Ended March 31, 2023
- Financial Results for Fiscal Q3 Ended March 31, 2023
Revenue was $132.6 million, a decrease of 29.8% from the prior quarter and a decrease of 34.8% from the same quarter last year. - GAAP gross margin was 23.2%, down from 28.1% in the prior quarter and down from 35.6% in the same quarter last year.
- Non-GAAP gross margin was 25.1%, down from 29.5% in the prior quarter and down from 36.7% in the same quarter last year.
- Non-GAAP operating expenses were $36.2 million, up from $32.8 million from last quarter and up from $34.0 million in the same quarter last year.