Alpha and Omega Semiconductor Limited

Thank you for standing by. Welcome to the Alpha and Omega Semiconductor Report's financial results for the fiscal third quarter of 2021 conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star 1 on your telephone. If you require any further assistance, please press star 0. Thank you. I would now like to hand the conference over to your speaker today, Mr. Gary Dvorak, managing director of the Blue Shirt Group Asia.

Good afternoon, everyone, and welcome to Alpha and Omega Semiconductors conference call to discuss fiscal 2021 third quarter financial results. I'm Gary Dvorak, investor relations representative for AOS. With me today are Dr. Mike Chang, our CEO, Stephen Chang, our president, and Yifan Liang, our CFO. This call is being recorded and broadcast live over the web. A replay will be available for seven days following the call via the link in the investor relations section of our website. The call will proceed as follows. Mike will begin with strategic highlights. Then Stephen will provide business updates and a detailed segment report. After that, Yifan will review the financial results and provide guidance for the June quarter. Finally, we will have the question and answer session. The earnings release is distributed over wire services today, May 5, 2021, after the close of the market. The release is also posted on the company's website. Our earnings release and this presentation include certain non-GAAP financial measures. We use non-GAAP measures because we believe they provide useful information about our operating performance that should be considered by investors in conjunction with the GAAP measures that we provide. A reconciliation of these non-GAAP measures to comparable GAAP measures is included in the earnings release. We remind you that during this conference call, we will make certain forward-looking statements, including discussions of the business outlook and financial projections. These forward-looking statements are based on management's current expectations and involve risks and uncertainties that could cause our actual results to differ materially from such expectations. For a more detailed description of these risks and uncertainties, please refer to our recent and subsequent filings with the FCC. We assume no obligation to update the information provided in today's call. Now, I will turn the call over to our CEO, Mike, to provide strategic highlights. Mike?

thank you gary i would like to welcome everyone to today's call i am excited to be speaking with all of you again today and to report another strong quarter in the march quarter we experienced strong year-over-year performance in each of our market segments we saw robust shipments across most of our product categories leading to results ahead of expectations revenue of 169 million dollars reflected solid year over year and sequential growth we benefited from strong end market demand which enabled us to optimize our product mix In the meantime, we continued to take a disbranded approach to our spending. All of these resulted in non-GAAP gross margin of 31.9% and non-GAAP EPS of 77 cents, which increased by seven times year over year. Yifang will go into more details on our financial performance later. I remain encouraged by our team's solid execution. The operational controls and efficiency continue to positively impact our bottom line, resulting in significant profitability improvements. As I discussed on previous calls, Our mission is to be a trusted technology partner and a global supplier of a broad portfolio of power semiconductors. This mission continues to drive our strategic focus and the work we do at AOS. Our focused R&D effort is driven broader and deeper product innovation. Our strong engineering team and technical expertise enable us to develop a broader variety of our discrete and power IC technology platforms. This allows us to expand our product offerings and deliver complete power solutions for more target applications. As a solution provider, we have deepened our relationships with customers, become their trusted strategic partners. As a result, our newer products are driving growth, primarily by increasing our farm content in core applications. On the manufacturing front, we continue to ramp up our capacity our joint venture FAB in Chongqing, according to the plan. The semiconductor capacity remains tight globally, as end-market demand outlook continues to be studied across the board. With our expanded capacity at the JV FAB, we are thankful to be able to address additional customer demand from the Chongqing joint venture. The JVFAP is fulfilling its purpose and providing us with flexible capacity management, which is critical to supporting our growth. I'm very, very pleased with the progress and we are on track to approaching the phase one target runway in the September quarter. Yifan will update you on the progress of the JV Lab later on this call. While we have made tremendous progress as a company over the last several years, we are energized by the opportunity in front of us. We believe that our focus on innovation and unwavering commitment to developing strategic partnerships with tier one OEM customers will enable us to continue to capitalize on our core growth opportunities, as well as progressively penetrate other markets. Importantly, we are confident that we will surpass our target of $600 million annual revenue for calendar year 2021. Now I will turn the call over to Stephen for an update on our business and a detailed segment report. Stephen.