Applied Optoelectronics, Inc. (AAOI) Earnings
Applied Optoelectronics, Inc. is expected to report next earnings on August 6, 2026 (in NaN days), with a consensus EPS estimate of $0.03. AAOI has beaten EPS estimates in 5 of its last 12 reported quarters (average surprise -20.7% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $-0.05 | $-0.07 | -42.9% | $151M | -3.7% |
| Nov 6, 2025 | $-0.10 | $-0.09 | +10.0% | $119M | -9.8% |
| Aug 7, 2025 | $-0.08 | $-0.16 | -100.0% | $103M | -13.2% |
| May 8, 2025 | $-0.04 | $-0.02 | +50.0% | $100M | +0.5% |
| Feb 26, 2025 | $-0.02 | $-0.02 | +0.0% | $100M | +0.3% |
| Nov 7, 2024 | $-0.17 | $-0.21 | -23.5% | $65M | -34.8% |
| May 9, 2024 | $-0.29 | $-0.31 | -6.9% | $41M | -6.7% |
| Feb 22, 2024 | $-0.06 | $0.04 | +166.7% | $60M | -7.3% |
| Nov 9, 2023 | $-0.05 | $-0.05 | +0.0% | $63M | -0.1% |
| Aug 3, 2023 | $-0.28 | $-0.21 | +25.0% | $42M | -8.4% |
| May 4, 2023 | $-0.18 | $-0.25 | -38.9% | $53M | -1.4% |
| Feb 23, 2023 | $-0.30 | $-0.19 | +36.7% | $62M | +0.5% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Pleased with solid Q1 results in line with expectations, driven by strong demand in data center and CATV businesses. • Saw strong customer engagement around 800G and 1.6T products. • Completed 4th volume shipment of 800G single-mode transceiver to a large hyperscale customer. • Working to add capacity to meet forecast demand outpacing production capacity through mid-2027. • Made progress on expanding manufacturing capacity in Texas and Taiwan.
Guidance
• Now believes 2026 revenue will exceed $1.1 billion and generate over $140 million in long-term operating income. • Q2 revenue expected between $180 million and $198 million. • Non-GAAP gross margin expected in range of 29% to 30%. • Non-GAAP net income expected in range of a loss of $2.5 million to income of $2.8 million.
Segment performance
In Q1, data center product revenue was $81.4 million, up 154% year-over-year and 9% sequentially. CATV product revenue was $66.8 million, up 4% year-over-year and 24% sequentially. Telecom product revenue was $2.6 million, down 13% year-over-year and 50% sequentially. Revenue contribution: data center 54%, CATV 44%, others 2%.
Risks & headwinds
• Risk of material supply disruptions. • Equipment delivery and installation cycle time risks. • Uncertainty in recovery of tariffs as process is new. • Potential competitive impact from contract manufacturers entering transceiver production for hyperscale customers.
Analyst Q&A
Q: Simon Leopold asked about risk profile for ramping capacity and clarification on $471 million monthly value.
A: Thompson and Stephan responded on risk from prior capacity expansions, equipment in-house development minimizing supply chain risk, and $471 million being revenue forecast considering qualification and delivery timing.
Q: George Nodder asked about ELSP customer engagements.
A: Thompson said working with several large customers on three-year long-term agreements including laser and ELSP.
Q: Michael Genovese asked about 800G qualification and second half revenue shape.
A: Thompson and Stephan responded on qualification progress and non-linear revenue growth in second half due to manufacturing and qualification processes.
Q: Tim Savageau asked about capacity vs forecast and competitive impact.
A: Thompson and Stephan responded on capacity timing and revenue realization, and uncertainty on competitive margin impact.