earnings
confidence high
sentiment negative
materiality 0.70
Applied Optoelectronics Q3 revenue $65.2M; GAAP EPS -$0.42; non-GAAP EPS -$0.21
APPLIED OPTOELECTRONICS, INC.
2024-Q3 EPS reported
-$1.68
revenue$149,094,000
- Revenue $65.2M (up 51% QoQ from $43.3M); GAAP gross margin 24.4% vs 32.3% YoY.
- GAAP net loss $17.8M ($0.42 loss per share) vs net loss $9.0M ($0.27) in Q3 2023.
- Non-GAAP net loss $8.8M ($0.21 per share) vs non-GAAP net loss $1.7M ($0.05) YoY.
- Data center business double-digit sequential growth; CATV revenue more than tripled QoQ.
- CFO: accelerated R&D for 1.6T transceivers caused non-GAAP loss to exceed expectations.