10-Q · May 7, 2026
Applied Optoelectronics reported Q1 2026 results with a revenue of $151.1 million, representing a significant increase of 51.4% year-over-year, but missing the consensus estimate of $155.1 million. The company posted a…
Earnings analysis · 10-Q
AAOI earnings analysis
Filed November 5, 2026 · Our reading of the company's report
The latest report
AAOI reported strong top-line acceleration in Q3 2026, with revenue of $269.875 million up 40.6% sequentially and 126.8% year over year. Diluted EPS improved to $0.17 from $(0.28) in both the prior quarter and…
Read full summary
AAOI reported strong top-line acceleration in Q3 2026, with revenue of $269.875 million up 40.6% sequentially and 126.8% year over year. Diluted EPS improved to $0.17 from $(0.28) in both the prior quarter and prior-year quarter, exceeding the $0.13 estimate. The filing does not provide current gross margin, operating margin, free cash flow, segment results or quantitative guidance, while currency, interest-rate and trade-policy risks remain.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.17
What stood out
-
Revenue accelerated sharply
Revenue was $269.875 million, up 40.6% from $192 million in Q2 2026 and 126.8% from $119 million in Q3 2025.
-
EPS improved to positive
Diluted EPS was $0.17 versus $(0.28) in Q2 2026 and $(0.28) in Q3 2025, an improvement of $0.45 year over year.
-
Beat on EPS and revenue
EPS exceeded the $0.13 estimate by $0.04, while revenue exceeded the $268.31752 million estimate by approximately $1.56 million.
-
Controls remained effective
Management concluded that disclosure controls were effective as of September 30, 2026, and reported no changes in internal controls that materially affected, or were reasonably likely to materially affect, reporting.
What to watch
-
Currency and interest-rate exposure
The filing states that the company is affected by changes in currency exchange and interest rates; risk-management programs may reduce but not entirely eliminate those impacts.
-
Existing risks remain unchanged
Management reported no material changes to the risk factors from the December 31, 2025 10-K, meaning the existing risk profile remains in place rather than being reduced.
-
Trade-policy exposure remains
The company performed an updated market-risk analysis as of September 30, 2026, including the effects of international trade policies, tariffs and export controls, but noted no material revisions to prior disclosures.
Management's outlook
The 10-Q provides no quantitative revenue or EPS outlook; management states that market-risk exposure has not changed materially since December 31, 2025.
Earlier filings 4
10-K · February 26, 2026
Applied Optoelectronics reported strong top-line growth in 2025 with revenue of $455.7 million (up from $249.4M in 2024) and gross margin expanding to 30.0% in 2025 (from 24.8% in 2024). The company emphasizes a…
10-Q · November 7, 2024
Applied Optoelectronics reported quarterly revenue of $65,151,000 (up from $62,547,000 year‑over‑year) but profitability deteriorated: gross profit fell to $15,917,000 and the company recorded a GAAP net loss of…
10-Q · November 9, 2023
Q3 2023 results showed revenue improvement and margin recovery but the company remains loss-making with weakening short-term liquidity. Revenue increased to $62,547,000 and gross margin expanded to 32.3%, narrowing…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.