Alpha Omega Semiconductor Ltd (AOSL) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 31, 2018

Exhibit 99.1

Alpha and Omega Semiconductor Reports Financial Results for the Fiscal Third Quarter of 2018 Ended March 31, 2018

SUNNYVALE, Calif.--(BUSINESS WIRE)--May 2, 2018--Alpha and Omega Semiconductor Limited (“AOS”) (NASDAQ: AOSL), today reported financial results for the fiscal third quarter of 2018 ended March 31, 2018.

The results for the fiscal third quarter of 2018 ended March 31, 2018 were as follows:

On a non-GAAP basis excluding the effect of share-based compensation expenses in each of the periods presented, income tax benefit from tax reform for the quarter ended December 31, 2017, and pre-production costs relating to the Chongqing joint venture, the results were as set forth below (see detailed reconciliation included at the end of this press release).

“We posted solid results for the March quarter and delivered all key financial metrics above the mid points of our guidance ranges. Underpinned by a record level of design ins and design wins, our core business momentum continues to gain strong traction,” stated Dr. Mike Chang, chairman and CEO of the company, “While consistently delivering quality results, we have been carefully planning and investing in the capacity expansion of our Oregon fab, which we expect to be substantially completed by the end of the June quarter. The increased capacity in the second half of calendar 2018 will enable us to not only realize more of our revenue potential, but also cultivate deeper relationships with key customers. We are optimistic about the opportunities in front of us, and remain committed to execute our business plans to invigorate our earnings power.”