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Mar 31, 2023
Applied Optoelectronics Q1 2023 Earnings Report
Applied Optoelectronics reported steady improvement in gross margin, driven by improving demand for 100G products in the datacenter business and good CATV results.
Key Takeaways
Applied Optoelectronics announced its Q1 2023 financial results, highlighting a steady improvement in gross margin. The company saw improving demand for its 100G products in the datacenter business and generated another quarter of good CATV results. However, they were notified of some inventory build-up with certain CATV customers which is expected to negatively impact Q2 revenue.
Gross margin continued to improve in Q1 2023.
Demand for 100G products in the datacenter business showed improvement.
CATV results remained strong for the quarter.
Inventory build-up with certain CATV customers is expected to negatively impact Q2 revenue.
Forward Guidance
For the second quarter of 2023, the company provided forward-looking statements regarding their expectations.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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