---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-002928"
form_type: "8-K"
ticker: "AAOI"
cik: "0001158114"
company_name: "APPLIED OPTOELECTRONICS, INC."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T19:59:42.977149+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Applied Optoelectronics Q1 revenue $53M, net loss $0.56/shr; warns Q2 CATV inventory build-up

## Summary
- GAAP revenue $53.0M (flat YoY); GAAP net loss $16.3M ($0.56/shr) vs Q1 2022 loss of $16.1M ($0.58/shr).
- Non-GAAP net loss $7.1M ($0.25/shr) improved from $7.9M ($0.29/shr); non-GAAP gross margin 23.2% vs 17.5%.
- Q2 revenue negatively impacted by CATV customer inventory build-up; datacenter 100G demand improving.
- China facility sale to Yuhan Optoelectronic Technology expected to close in 2023 or early 2024.

## SEC filing metadata
- accession: 0001683168-23-002928
- form_type: 8-K
- ticker: AAOI
- cik: 0001158114
- company_name: APPLIED OPTOELECTRONICS, INC.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1158114/000168316823002928/0001683168-23-002928-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1158114/000168316823002928/aaoi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-002928
- JSON: https://secwatch.observer/filing/0001683168-23-002928.json
- Plain text: https://secwatch.observer/filing/0001683168-23-002928.txt

## Key facts
- Earnings Releases
  APPLIED OPTOELECTRONICS, INC. updated its second quarter 2023 guidance (lowered).
  - Period: second quarter 2023
  - Guidance: lowered
  - Result: guidance update
  source text: Recently we were notified of some inventory build-up with certain CATV customers which we expect will negatively impact our Q2 revenue.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1158114/000168316823002928/0001683168-23-002928-index.htm
- Earnings Releases
  APPLIED OPTOELECTRONICS, INC. reported first quarter ended March 31, 2023 results: revenue $53.0 million, net income -$16.3 million, EPS -$0.56.
  - Period: first quarter ended March 31, 2023
  - Revenue: $53.0 million
  - Net income: -$16.3 million
  - EPS: -$0.56
  - Result: reported results
  source text: First Quarter 2023 Financial Summary · GAAP revenue was $53.0 million, compared $52.2 million in the first quarter of 2022 and $61.6 million in the fourth quarter of 2022. · GAAP gross margin was 17.4%, compared with 17.3% in the first quarter of 2022 and 10.1% in the fourth quarter of 2022. Non-GAAP gross margin was 23.2%, compared with 17.5% in the first quarter of 2022 and 21.4% in the fourth quarter of 2022. · GAAP net loss was $16.3 million, or $0.56 per basic share, compared with net loss of $16.1 million, or $0.58 per basic share in the first quarter of 2022, and a net loss of $20.3 million, or $0.71 per basic share in the fourth quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1158114/000168316823002928/0001683168-23-002928-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.