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Alpha & Omega Semiconductor cash flow, quarter by quarter

Latest: Q1 FY27 · from the cash-flow statements filed with the SEC

Free cash flow−$3.6M in Q1 FY27 · −$72.1M over twelve months

Operating cash flow$5.6M
Capital spending−$9.2M
Free cash flow−$3.6M

Analysis

In Q1 FY27, Alpha & Omega Semiconductor generated $5.6M of operating cash flow and spent $9.2M on capital projects, leaving free cash flow of −$3.6M. That is $4.0M less than in Q1 FY26 ($420K).

Over the twelve months to Sep 30, 2026, operating cash flow was −$20.9M; the largest uses were capital spending ($51.2M), operating cash flow ($20.9M), other financing ($10.2M); besides operations, cash came from other investing ($45.4M); the cash balance fell by $48.3M.

Operating cash flow was $5.6M against net income of −$6.1M. The largest differences: depreciation & amortization +$14.6M, receivables −$10.5M, stock-based pay +$7.1M.

Free cash flow

Alpha & Omega Semiconductor: free cash flow by quarterAlpha & Omega Semiconductor: free cash flow by quarter$6.6MQ2 FY25−$1.1MQ3 FY25−$17.2MQ4 FY25$420KQ1 FY26−$23.1MQ2 FY26−$20.5MQ3 FY26−$24.9MQ4 FY26−$3.6MQ1 FY27
Operating cash flow less capital spending.
Alpha & Omega Semiconductor: operating cash flow against capital spendingAlpha & Omega Semiconductor: operating cash flow against capital spendingOperating cash flowCapital spending$14.1M$7.5MQ2 FY25$7.4M$8.4MQ3 FY25−$2.8M$14.3MQ4 FY25$10.2M$9.8MQ1 FY26−$8.1M$15.0MQ2 FY26−$8.3M$12.1MQ3 FY26−$10.0M$14.9MQ4 FY26$5.6M$9.2MQ1 FY27
Latest (Q1 FY27): Operating cash flow $5.6M, Capital spending $9.2M.

Capital allocation, year by year

Alpha & Omega Semiconductor: where the cash came from (up) and went (down), by fiscal yearAlpha & Omega Semiconductor: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksFY22: Operating cash flow $219MFY22: Net borrowing $24.4MFY22: Shares issued $6.1MFY22: Asset sales $135KFY22: Capital spending −$138M$249MFY22FY23: Operating cash flow $20.5MFY23: Net borrowing −$18.8MFY23: Shares issued $9.0MFY23: Asset sales $167KFY23: Capital spending −$110MFY23: Buybacks −$13.4M$29.6MFY23FY24: Operating cash flow $25.7MFY24: Net borrowing −$12.3MFY24: Shares issued $10.1MFY24: Asset sales $383KFY24: Capital spending −$37.1M$36.2MFY24FY25: Operating cash flow $29.7MFY25: Net borrowing −$12.6MFY25: Shares issued $7.8MFY25: Asset sales $61KFY25: Capital spending −$37.2M$37.5MFY25FY26: Operating cash flow −$16.3MFY26: Net borrowing −$24.1MFY26: Shares issued $8.0MFY26: Asset sales $11KFY26: Capital spending −$51.8MFY26: Buybacks −$18.2M$8.0MFY26
Over these 5 years operating cash flow totalled $278M; the largest uses were capital spending ($374M) and net borrowing ($67.8M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$175M
Debt$6.0M
Net cash$169M
Due within a year$6.0M
Cash runway2.4 years

Alpha & Omega Semiconductor is burning cash: its operations consume cash, a free cash flow of −$72.1M a year at the current rate against $175M of cash and investments: a runway of about 2.4 years; $6.0M of debt also comes due within a year, which the cash covers before any new financing.

Where the cash came from and went

Alpha & Omega Semiconductor: sources (+) and uses (−) of cash, Q1 FY27Alpha & Omega Semiconductor: sources (+) and uses (−) of cash, Q1 FY27Capital spending−$9.2MCash drawn (+) / kept (−)$5.8MOperating cash flow$5.6MNet borrowing (+) / repaid (−)−$1.0MOther investing−$783KTaxes on employees’ shares−$443KExchange rates$56KAsset & business sales$2K
Alpha & Omega Semiconductor: sources (+) and uses (−) of cash, TTM to Q1 FY27Alpha & Omega Semiconductor: sources (+) and uses (−) of cash, TTM to Q1 FY27Capital spending−$51.2MCash drawn (+) / kept (−)$48.3MOther investing$45.4MOperating cash flow−$20.9MOther financing−$10.2MTaxes on employees’ shares−$7.5MNet borrowing (+) / repaid (−)−$4.0MExchange rates$74K

From profit to cash

Alpha & Omega Semiconductor: net income to operating cash flow, Q1 FY27Alpha & Omega Semiconductor: net income to operating cash flow, Q1 FY27Net income−$6.1MDepreciation & amortization$14.6MStock-based pay$7.1MGains on disposals$382KOther non-cash$581KReceivables−$10.5MInventory$5.1MPayables−$3.1MAccrued liabilities$319KDeferred revenue−$726KPrepaid and other assets$434KIncome taxes payable$773KOperating cash flow$5.6M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q1 FY27$5.6M−$9.2M—−$1.0M—$5.8M−$3.6M
Q4 FY26−$10.0M−$14.9M—−$997K$4.4M$9.3M−$24.9M
Q3 FY26−$8.3M−$12.1M−$4.2M−$978K—$6.1M−$20.5M
Q2 FY26−$8.1M−$15.0M—−$960K$3.6M$27.2M−$23.1M
Q1 FY26$10.2M−$9.8M—−$21.2M—−$70.4M$420K
Q4 FY25−$2.8M−$14.3M—−$3.2M$4.3M$16.1M−$17.2M
Q3 FY25$7.4M−$8.4M—−$3.2M—$13.2M−$1.1M
Q2 FY25$14.1M−$7.5M—−$3.1M$3.4M−$6.6M$6.6M

Alpha & Omega Semiconductor: income statement and cash flow

Alpha & Omega Semiconductor, Q1 FY27: revenue $178M (-3% year over year), operating margin -5.1%. The chart follows the revenue to costs, profit and cash.

Alpha & Omega Semiconductor: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.