AAOI Q2 revenue $43.3M, GAAP EPS -$0.66; new 400G orders from hyperscale customer

APPLIED OPTOELECTRONICS, INC.

2024-Q2 EPS reported -$1.27 revenue$83,943,000

GAAP revenue $43.3M vs $41.6M in Q2'23 and $40.7M in Q1'24.
GAAP gross margin 22.1% (up from 19.0%); non-GAAP gross margin 22.5% (vs 24.8% a year ago).
GAAP net loss $26.1M ($0.66/sh) vs $16.9M loss ($0.57/sh) in Q2'23; non-GAAP loss $10.9M ($0.28/sh) vs $6.1M ($0.21).
Received orders for 400G products from a new large hyperscale customer; expects CATV ramp in Q3 and continued DC improvement.

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