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Mar 31, 2024
Applied Optoelectronics Q1 2024 Earnings Report
Applied Optoelectronics reported first quarter 2024 results, with revenue and gross margin below expectations due to product mix, while non-GAAP EPS met guidance.
Key Takeaways
Applied Optoelectronics announced its first quarter 2024 financial results, noting that revenue and gross margin were below expectations primarily due to product mix. However, non-GAAP EPS was in line with the company's guidance range. The company anticipates a recovery in the second quarter and a significantly improved second half of the year, citing strong long-term demand drivers across its end markets.
First quarter revenue and gross margin were below expectations due to product mix.
Non-GAAP EPS was in line with guidance.
Expect a recovery in the second quarter and a markedly improved second half of the year.
Long-term demand drivers remain strong across end markets.
Revenue by Segment
Forward Guidance
For the second quarter of 2024, the company expects improvements.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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