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Side-by-side financial comparison of ALPHA & OMEGA SEMICONDUCTOR Ltd (AOSL) and Liquidia Corp (LQDA). Click either name above to swap in a different company.

ALPHA & OMEGA SEMICONDUCTOR Ltd is the larger business by last-quarter revenue ($163.8M vs $92.0M, roughly 1.8× Liquidia Corp). Liquidia Corp runs the higher net margin — 15.8% vs -8.4%, a 24.2% gap on every dollar of revenue. On growth, Liquidia Corp posted the faster year-over-year revenue change (3054.6% vs -0.5%).

Alpha & Omega Semiconductor Ltd designs, manufactures and markets a broad portfolio of power semiconductors, including power MOSFETs, IGBTs, analog ICs and power management modules. Its products are applied across consumer electronics, industrial equipment, automotive systems, telecom and computing segments, with sales networks covering major global markets.

Liquidia Corp is a late-stage biopharmaceutical firm focused on developing and commercializing innovative inhaled therapies for respiratory and rare diseases. It uses its proprietary PRINT particle engineering tech to create optimized drug products, with core markets in North America covering pulmonary arterial hypertension and asthma indications.

AOSL vs LQDA — Head-to-Head

Bigger by revenue
AOSL
AOSL
1.8× larger
AOSL
$163.8M
$92.0M
LQDA
Growing faster (revenue YoY)
LQDA
LQDA
+3055.1% gap
LQDA
3054.6%
-0.5%
AOSL
Higher net margin
LQDA
LQDA
24.2% more per $
LQDA
15.8%
-8.4%
AOSL

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
AOSL
AOSL
LQDA
LQDA
Revenue
$163.8M
$92.0M
Net Profit
$-13.8M
$14.6M
Gross Margin
21.1%
Operating Margin
70.3%
21.5%
Net Margin
-8.4%
15.8%
Revenue YoY
-0.5%
3054.6%
Net Profit YoY
-27.8%
137.9%
EPS (diluted)
$-0.46
$0.18

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AOSL
AOSL
LQDA
LQDA
Q1 26
$163.8M
Q4 25
$162.3M
$92.0M
Q3 25
$182.5M
$54.3M
Q2 25
$176.5M
Q1 25
$164.6M
Q4 24
$173.2M
Q3 24
$181.9M
Q2 24
$161.3M
Net Profit
AOSL
AOSL
LQDA
LQDA
Q1 26
$-13.8M
Q4 25
$-13.3M
$14.6M
Q3 25
$-2.1M
$-3.5M
Q2 25
$-77.1M
Q1 25
$-10.8M
Q4 24
$-6.6M
Q3 24
$-2.5M
Q2 24
$-2.7M
Gross Margin
AOSL
AOSL
LQDA
LQDA
Q1 26
21.1%
Q4 25
21.5%
Q3 25
23.5%
Q2 25
23.4%
Q1 25
21.4%
Q4 24
23.1%
Q3 24
24.5%
Q2 24
25.7%
Operating Margin
AOSL
AOSL
LQDA
LQDA
Q1 26
70.3%
Q4 25
-8.4%
21.5%
Q3 25
-2.5%
3.3%
Q2 25
-6.6%
Q1 25
-6.5%
Q4 24
-3.4%
Q3 24
-0.1%
Q2 24
-0.9%
Net Margin
AOSL
AOSL
LQDA
LQDA
Q1 26
-8.4%
Q4 25
-8.2%
15.8%
Q3 25
-1.2%
-6.5%
Q2 25
-43.7%
Q1 25
-6.6%
Q4 24
-3.8%
Q3 24
-1.4%
Q2 24
-1.7%
EPS (diluted)
AOSL
AOSL
LQDA
LQDA
Q1 26
$-0.46
Q4 25
$-0.45
$0.18
Q3 25
$-0.07
$-0.04
Q2 25
$-2.61
Q1 25
$-0.37
Q4 24
$-0.23
Q3 24
$-0.09
Q2 24
$-0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AOSL
AOSL
LQDA
LQDA
Cash + ST InvestmentsLiquidity on hand
$190.3M
$190.7M
Total DebtLower is stronger
$4.4M
Stockholders' EquityBook value
$800.2M
$44.7M
Total Assets
$976.4M
$327.9M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AOSL
AOSL
LQDA
LQDA
Q1 26
$190.3M
Q4 25
$196.3M
$190.7M
Q3 25
$223.5M
$157.5M
Q2 25
$153.1M
Q1 25
$169.4M
Q4 24
$182.6M
Q3 24
$176.0M
Q2 24
$175.1M
Total Debt
AOSL
AOSL
LQDA
LQDA
Q1 26
$4.4M
Q4 25
Q3 25
Q2 25
$14.9M
Q1 25
Q4 24
Q3 24
Q2 24
$26.7M
Stockholders' Equity
AOSL
AOSL
LQDA
LQDA
Q1 26
$800.2M
Q4 25
$818.8M
$44.7M
Q3 25
$834.1M
$22.1M
Q2 25
$822.3M
Q1 25
$886.3M
Q4 24
$902.6M
Q3 24
$895.3M
Q2 24
$891.6M
Total Assets
AOSL
AOSL
LQDA
LQDA
Q1 26
$976.4M
Q4 25
$1.0B
$327.9M
Q3 25
$1.0B
$276.0M
Q2 25
$1.0B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Debt / Equity
AOSL
AOSL
LQDA
LQDA
Q1 26
0.01×
Q4 25
Q3 25
Q2 25
0.02×
Q1 25
Q4 24
Q3 24
Q2 24
0.03×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AOSL
AOSL
LQDA
LQDA
Operating Cash FlowLast quarter
$44.2M
Free Cash FlowOCF − Capex
$42.2M
FCF MarginFCF / Revenue
45.9%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
3.04×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AOSL
AOSL
LQDA
LQDA
Q1 26
Q4 25
$-8.1M
$44.2M
Q3 25
$10.2M
$-9.8M
Q2 25
$-2.8M
Q1 25
$7.4M
Q4 24
$14.1M
Q3 24
$11.0M
Q2 24
$7.1M
Free Cash Flow
AOSL
AOSL
LQDA
LQDA
Q1 26
Q4 25
$-23.1M
$42.2M
Q3 25
$420.0K
$-10.7M
Q2 25
$-17.2M
Q1 25
$-1.1M
Q4 24
$6.6M
Q3 24
$4.1M
Q2 24
$-210.0K
FCF Margin
AOSL
AOSL
LQDA
LQDA
Q1 26
Q4 25
-14.2%
45.9%
Q3 25
0.2%
-19.7%
Q2 25
-9.7%
Q1 25
-0.6%
Q4 24
3.8%
Q3 24
2.3%
Q2 24
-0.1%
Capex Intensity
AOSL
AOSL
LQDA
LQDA
Q1 26
Q4 25
9.2%
2.2%
Q3 25
5.4%
1.7%
Q2 25
8.1%
Q1 25
5.1%
Q4 24
4.3%
Q3 24
3.8%
Q2 24
4.5%
Cash Conversion
AOSL
AOSL
LQDA
LQDA
Q1 26
Q4 25
3.04×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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