Applied Optoelectronics Inc (NASDAQ:AAOI) reported financial results for the second quarter after the market close on Thursday. Here’s a rundown of the report.
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Applied Optoelectronics Q2 Highlights
Applied Optoelectronics reported second-quarter revenue of $191.92 million, beating analyst estimates of $190.48 million, according to Benzinga Pro. The company reported adjusted earnings of six cents per share for the quarter, beating estimates of 1 cent per share.
Applied Optoelectronics expects third-quarter revenue to be in the range of $255 million to $290 million versus estimates of $278.27 million. The company anticipates third-quarter adjusted earnings in the range of 11 cents to 26 cents per share versus estimates of 28 cents per share.
“Q2 was a pivotal quarter for AOI. We delivered record revenue for our fifth consecutive quarter and achieved an important milestone as we returned to non-GAAP profitability in the quarter. Further, we saw a strong volume ramp of our 800G products, which more than doubled sequentially,” said Thompson Lin, founder, president and CEO of Applied Optoelectronics.
“We continue to see robust customer engagement around our 800G transceivers and 1.6 Tb products, and we forecast that demand will continue to outpace our production capacity through mid-2027.”
Executives will further discuss the quarter on an earnings call at 4:30 p.m. ET.
AAOI Shares Move Lower After Hours
AAOI Price Action: Applied Optoelectronics shares were down 5.22% in after-hours, trading at $117.73 at the time of publication on Thursday, according to Benzinga Pro.
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