Alpha & Omega reports Q1 EPS 21c, consensus 22c

Reports Q1 revenue $181.9M, consensus $180.07M. The company said, “Looking into the rest of calendar year 2024, we anticipate a typical seasonal decline in notebooks and smartphones that will lead to a sequential decrease in December quarter revenue. However, we expect slight sequential growth in our Computing and Industrial segments-driven by strength in desktops, graphics cards, and quick chargers-to help partially offset this decline. Looking into next year, although visibility is limited, our strategic transition from a component supplier to a total solutions provider with a diverse product portfolio and premier customer base positions us well to outperform the broader markets we serve.”