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Applied Optoelectronics (AAOI)
NASDAQ:AAOI
Earnings Data
Report Date
Apr 30, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.02Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and commercial momentum: record 2025 revenue, substantial data center and CATV growth, improved margins, strengthened cash position, multiple 800G/1.6T customer engagements, and an ambitious 2026 revenue/profitability outlook. However, near-term execution risks were emphasized — notably firmware-driven delays for 800G, tariff exposure and uncertainty, elevated CapEx and operating expenses, inventory build-up, customer concentration, and the need to rapidly scale manufacturing to meet demand. Overall, management presented confident demand visibility and a clear capacity roadmap, but acknowledged short-term operational and macro policy headwinds that must be managed during the aggressive scale-up.Company Guidance
Record Full-Year Revenue and Strong YoY Growth
Total revenue for fiscal 2025 reached a record $456,000,000, an increase of 83% year-over-year.
Strong Fourth Quarter Performance
Q4 revenue was $134,300,000, up 34% year-over-year and 13% sequentially, and within guidance ($125M–$140M).
Data Center Momentum — Product Mix and Rapid Growth
Full-year data center revenue (~$190M–$196M) rose ~32% year-over-year. Q4 data center revenue was $74,900,000, up 69% YoY and 70% sequentially. Sales of 100G products increased 54% YoY and 400G products increased 141% YoY in Q4.
CATV Segment Surge (Full Year)
CATV revenue nearly tripled to $245,000,000 for fiscal 2025 versus 2024. Q4 CATV revenue was $54,000,000 (up 3% YoY, down 24% sequentially from record Q3).
Gross Margin Expansion and Earnings Improvement
Non-GAAP gross margin in Q4 was 31.4% (above guidance of 29%–31%), up from 28.9% year-ago and 31% in Q3. Non-GAAP net loss per share narrowed to $0.01 in Q4 (from $0.02 prior-year) and GAAP net loss improved to $2,000,000 (loss of $0.03 per share) versus a much larger prior-year GAAP loss.
Capacity Buildout and Automation Progress
Near-term 800G capacity approached ~90,000 units/month at year-end (target ~100,000 units/month). Company is expanding manufacturing (leased new building in Sugar Land) and targets production capability of over 500,000 pieces per month of 800G and 1.6T products by the end of calendar year, with roughly 25% from Texas initially and plans to increase U.S. share.
Customer Wins and Product Qualifications
Received significant 800G volume orders and multiple hyperscale customer engagements: a fourth 800G volume order from a major hyperscaler, additional indications from other hyperscalers for 800G and early discussions for 1.6T qualification; Taiwan and Texas facilities have achieved product qualifications for various 800G types.
Cash Position Strengthened
Ended Q4 with $216,000,000 in cash, cash equivalents, short-term investments and restricted cash, up from $150,700,000 at the end of Q3.
Aggressive 2026 Outlook and Path to Profitability
Company provided 2026 guidance targeting over $1,000,000,000 in revenue and non-GAAP operating profit of over $120,000,000; expects non-GAAP profitability beginning in Q2 2026 and Q1 revenue guidance of $150M–$165M.
Strategic Vertical Integration — In-House Laser Manufacturing
In-house indium phosphide laser manufacturing cited as strategic advantage to mitigate industry shortages and support scaling; plans to more than triple laser manufacturing in Texas.
AAOI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AAOI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $53.69 | $84.23 | +56.88% |
Nov 06, 2025 | $29.10 | $28.57 | -1.82% |
Aug 07, 2025 | $22.33 | $21.59 | -3.31% |
May 08, 2025 | $14.76 | $14.67 | -0.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Applied Optoelectronics (AAOI) report earnings?
Applied Optoelectronics (AAOI) is schdueled to report earning on Apr 30, 2026, TBA (Confirmed).
What is Applied Optoelectronics (AAOI) earnings time?
Applied Optoelectronics (AAOI) earnings time is at Apr 30, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AAOI EPS forecast?
AAOI EPS forecast for the fiscal quarter 2026 (Q1) is -0.05.