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Side-by-side financial comparison of ALPHA & OMEGA SEMICONDUCTOR Ltd (AOSL) and VERACYTE, INC. (VCYT). 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 $139.1M, roughly 1.2× VERACYTE, INC.). VERACYTE, INC. runs the higher net margin — 20.6% vs -8.4%, a 29.1% gap on every dollar of revenue. On growth, VERACYTE, INC. posted the faster year-over-year revenue change (21.5% vs -0.5%). Over the past eight quarters, VERACYTE, INC.'s revenue compounded faster (10.2% CAGR vs 0.8%).

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.

Veracyte Inc. is a leading molecular diagnostics company that develops and commercializes proprietary genomic testing solutions for early, accurate detection of cancer and other complex diseases. Its offerings help healthcare providers make better clinical decisions to improve patient outcomes, with core operations in the U.S. and expanding global market presence across key clinical segments.

AOSL vs VCYT — Head-to-Head

Bigger by revenue
AOSL
AOSL
1.2× larger
AOSL
$163.8M
$139.1M
VCYT
Growing faster (revenue YoY)
VCYT
VCYT
+22.0% gap
VCYT
21.5%
-0.5%
AOSL
Higher net margin
VCYT
VCYT
29.1% more per $
VCYT
20.6%
-8.4%
AOSL
Faster 2-yr revenue CAGR
VCYT
VCYT
Annualised
VCYT
10.2%
0.8%
AOSL

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
AOSL
AOSL
VCYT
VCYT
Revenue
$163.8M
$139.1M
Net Profit
$-13.8M
$28.7M
Gross Margin
21.1%
72.7%
Operating Margin
70.3%
16.3%
Net Margin
-8.4%
20.6%
Revenue YoY
-0.5%
21.5%
Net Profit YoY
-27.8%
EPS (diluted)
$-0.46
$0.35

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
VCYT
VCYT
Q1 26
$163.8M
$139.1M
Q4 25
$162.3M
$140.6M
Q3 25
$182.5M
$131.9M
Q2 25
$176.5M
$130.2M
Q1 25
$164.6M
$114.5M
Q4 24
$173.2M
$118.6M
Q3 24
$181.9M
$115.9M
Q2 24
$161.3M
$114.4M
Net Profit
AOSL
AOSL
VCYT
VCYT
Q1 26
$-13.8M
$28.7M
Q4 25
$-13.3M
$41.1M
Q3 25
$-2.1M
$19.1M
Q2 25
$-77.1M
$-980.0K
Q1 25
$-10.8M
$7.0M
Q4 24
$-6.6M
$5.1M
Q3 24
$-2.5M
$15.2M
Q2 24
$-2.7M
$5.7M
Gross Margin
AOSL
AOSL
VCYT
VCYT
Q1 26
21.1%
72.7%
Q4 25
21.5%
72.5%
Q3 25
23.5%
69.2%
Q2 25
23.4%
69.0%
Q1 25
21.4%
69.5%
Q4 24
23.1%
66.4%
Q3 24
24.5%
68.2%
Q2 24
25.7%
68.1%
Operating Margin
AOSL
AOSL
VCYT
VCYT
Q1 26
70.3%
16.3%
Q4 25
-8.4%
26.4%
Q3 25
-2.5%
17.4%
Q2 25
-6.6%
-4.0%
Q1 25
-6.5%
2.5%
Q4 24
-3.4%
3.5%
Q3 24
-0.1%
10.4%
Q2 24
-0.9%
4.0%
Net Margin
AOSL
AOSL
VCYT
VCYT
Q1 26
-8.4%
20.6%
Q4 25
-8.2%
29.3%
Q3 25
-1.2%
14.5%
Q2 25
-43.7%
-0.8%
Q1 25
-6.6%
6.2%
Q4 24
-3.8%
4.3%
Q3 24
-1.4%
13.1%
Q2 24
-1.7%
5.0%
EPS (diluted)
AOSL
AOSL
VCYT
VCYT
Q1 26
$-0.46
$0.35
Q4 25
$-0.45
$0.50
Q3 25
$-0.07
$0.24
Q2 25
$-2.61
$-0.01
Q1 25
$-0.37
$0.09
Q4 24
$-0.23
$0.07
Q3 24
$-0.09
$0.19
Q2 24
$-0.09
$0.07

Balance Sheet & Financial Strength

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

Metric
AOSL
AOSL
VCYT
VCYT
Cash + ST InvestmentsLiquidity on hand
$190.3M
$439.1M
Total DebtLower is stronger
$4.4M
Stockholders' EquityBook value
$800.2M
$1.3B
Total Assets
$976.4M
$1.4B
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AOSL
AOSL
VCYT
VCYT
Q1 26
$190.3M
$439.1M
Q4 25
$196.3M
$362.6M
Q3 25
$223.5M
$315.6M
Q2 25
$153.1M
$219.5M
Q1 25
$169.4M
$186.1M
Q4 24
$182.6M
$239.1M
Q3 24
$176.0M
$274.1M
Q2 24
$175.1M
$235.9M
Total Debt
AOSL
AOSL
VCYT
VCYT
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
VCYT
VCYT
Q1 26
$800.2M
$1.3B
Q4 25
$818.8M
$1.3B
Q3 25
$834.1M
$1.3B
Q2 25
$822.3M
$1.2B
Q1 25
$886.3M
$1.2B
Q4 24
$902.6M
$1.2B
Q3 24
$895.3M
$1.2B
Q2 24
$891.6M
$1.1B
Total Assets
AOSL
AOSL
VCYT
VCYT
Q1 26
$976.4M
$1.4B
Q4 25
$1.0B
$1.4B
Q3 25
$1.0B
$1.4B
Q2 25
$1.0B
$1.3B
Q1 25
$1.1B
$1.3B
Q4 24
$1.1B
$1.3B
Q3 24
$1.1B
$1.3B
Q2 24
$1.1B
$1.2B
Debt / Equity
AOSL
AOSL
VCYT
VCYT
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
VCYT
VCYT
Operating Cash FlowLast quarter
$35.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.23×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AOSL
AOSL
VCYT
VCYT
Q1 26
$35.2M
Q4 25
$-8.1M
$52.6M
Q3 25
$10.2M
$44.8M
Q2 25
$-2.8M
$33.6M
Q1 25
$7.4M
$5.4M
Q4 24
$14.1M
$24.5M
Q3 24
$11.0M
$30.0M
Q2 24
$7.1M
$29.6M
Free Cash Flow
AOSL
AOSL
VCYT
VCYT
Q1 26
Q4 25
$-23.1M
$48.8M
Q3 25
$420.0K
$42.0M
Q2 25
$-17.2M
$32.3M
Q1 25
$-1.1M
$3.5M
Q4 24
$6.6M
$20.4M
Q3 24
$4.1M
$27.7M
Q2 24
$-210.0K
$26.8M
FCF Margin
AOSL
AOSL
VCYT
VCYT
Q1 26
Q4 25
-14.2%
34.7%
Q3 25
0.2%
31.8%
Q2 25
-9.7%
24.8%
Q1 25
-0.6%
3.1%
Q4 24
3.8%
17.2%
Q3 24
2.3%
23.9%
Q2 24
-0.1%
23.4%
Capex Intensity
AOSL
AOSL
VCYT
VCYT
Q1 26
Q4 25
9.2%
2.7%
Q3 25
5.4%
2.1%
Q2 25
8.1%
1.0%
Q1 25
5.1%
1.6%
Q4 24
4.3%
3.5%
Q3 24
3.8%
1.9%
Q2 24
4.5%
2.4%
Cash Conversion
AOSL
AOSL
VCYT
VCYT
Q1 26
1.23×
Q4 25
1.28×
Q3 25
2.34×
Q2 25
Q1 25
0.76×
Q4 24
4.80×
Q3 24
1.98×
Q2 24
5.16×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AOSL
AOSL

Segment breakdown not available.

VCYT
VCYT

Testing revenue$135.1M97%
Product revenue$3.7M3%
Biopharmaceutical and other revenue$301.0K0%

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