Forensic Analysis · Technology / Software · as of Jun 27, 2026
ALPHA & OMEGA SEMICONDUCTOR Ltd (AOSL)
A forensic read on ALPHA & OMEGA SEMICONDUCTOR Ltd built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
7.1
Altman Z-score
Watch
Earnings quality
4
Forensic signals
-13.0%
ROE
$1.3B
Market cap
ALPHA & OMEGA SEMICONDUCTOR Ltd earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is 7.1, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by receivables vs revenue.
What the filings flag
18d DSOReceivables vs revenue.Days sales outstanding moved from 7 to 18 days FY2024→FY2025 (receivables +177% vs revenue +6%). Receivables are outrunning sales — a flag for aggressive revenue recognition or slipping collections.
-3%Return on invested capital.Return on invested capital is -3% and slipping from 13% — well below its ~10% cost of capital, so reinvested dollars may be destroying value, not building it.
+1.4%/yrShare-count dilution.Diluted share count changed +4% over the last 3 years to FY2025 (+1.4%/yr). The count is GROWING — existing holders are being diluted. That's ~1.4% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~4%.
stoppedShareholder returns — halted.Capital returns have STOPPED — $13M of buybacks + dividends in FY2023, but ~$0 in FY2025. A halt usually means the company is conserving cash; understand why before reading it as neutral.
Key fundamentals
Net Margin-13.9%
Debt / Equity0.03x
Free Cash Flow$-7.5M
Latest Revenue$696.2M
Return on Equity-11.8%
Revenue Growth YoY+5.9%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on ALPHA & OMEGA SEMICONDUCTOR Ltd:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about AOSL's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown