Alpha and Omega Semiconductor Limited

Good afternoon, and thank you for attending today's Alpha and Omega Semiconductor Conference Call. My name is Austin, and I'll be your moderator for today. All lines will be muted during the presentation portion of the call, with an opportunity for questions and answers at the end. If you'd like to ask a question, please press star 1 on your telephone keypad. I would now like to pass the conference over to our host, Gary Jvoracek, Investor Relations Representative of Alpha and Omega Semiconductor. Gary, you may proceed.

Good afternoon, everyone, and welcome to Alpha and Omega Semiconductor's conference call to discuss fiscal 2022 fourth 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. Our call will proceed as follows. Mike will begin with strategic highlights, and Stephen will provide business updates and a detailed segment report. After that, Yvonne will review the financial results and provide guidance for the September quarter. Finally, we will have a question and answer session. The earnings release was distributed over wire services today, August 10, 2022, after the close of the market. The release is also posted on the company's website. Our earnings release on this presentation includes 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. 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 SEC. We assume no obligations to update the information provided in today's call. Now I'll turn the call over to our CEO, Dr. Mike Chang, to provide strategic highlights.

Mike? Thank you, Gary. I would like to welcome everyone to today's call. It's good to be speaking with all of you again. Our fiscal Q4 was another strong quarter despite the challenge posed by the COVID lockdown in Shanghai. Once again, we outperformed our guidance midpoint. Revenue was $194 million, growing 9% year over year. Non-GAAP growth margin was 33.8%, and the non-GAAP EPS was 95%. I'm very proud of our people's ability and determination to execute each quarter despite the uncertainty and challenges. As you may remember, in early April, our Shanghai packaging and testing facilities was forced to shut down due to the citywide COVID Our ability to assemble and ship products was severely limited for most of April. Once the lockdown eased and we were cleared to restart operations at the end of April, it took time for our assembly lines to return to full utilization. It also took time for logistic support and supply chains to ramp up to full functional capacity. Our Shanghai facilities are mostly back to normal and are currently operating at full capacity. We are taking careful steps to reduce the risk of new COVID infections in compliance with local guidelines. I am most proud of and grateful for the great collaboration dedication that our people especially our shanghai team demonstrated during these challenging times our employees work as one team relentlessly pressing on our mission and the values which is to help our customers succeed i want to say thank you to our employees once again for their selfless devotion, loyalty, and support. Looking to the rest of 2022, we are seeing inventory corrections happening in certain consumer and the market. While we are not immune to current global market conditions, as of today, our demand and backlog are still higher than our overall capacity. Whether we are in up cycle or down cycle, We always focus on the basics and strengthen the foundation to speed up future growth. I founded AOS in September 2000, just as the internet bubble crashed and led to recession. This happened to be the best timing for a startup. Over our 22 years of history, the AOS team has navigated many semiconductor cycles surviving and striving, even when we were far smaller than we are now. Today, we are stronger than ever in terms of our leading technology, more diversified product portfolio, tier one customer base in all our business segments, expanding manufacturing capability and supply chain, strong balance sheet and dedicated and experienced management team. We are confident that we can navigate the current economic environment. More importantly, we are confident that near-term cyclical fluctuations will not overshadow substantial long-term opportunities for our business. The electrification of everything is just getting started, and our power products sit at the forefront of that trend. I believe our strategic position within our sector is resilient and our customers list and market share tier one customers is the highest it has ever been. We are confident we can achieve our $1 billion annual revenue target in the next quarter of years and are actively investing to position ourselves to achieve even more updates. Thank you. I will now send a call over to Stephen for an update on our business and a detailed segment report. Stephen.