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Jun 30, 2020
Applied Optoelectronics Q2 2020 Earnings Report
Announced financial results for the second quarter 2020 ended June 30, 2020.
Key Takeaways
Applied Optoelectronics reported second-quarter 2020 financial results, with revenue ahead of guidance due to strong datacenter customer demand and record telecom segment revenue driven by 5G mobile technology deployments.
Revenue exceeded expectations due to strong demand from datacenter customers.
Telecom segment achieved record revenue, driven by 5G mobile technology deployments.
Increased contributions from newer customers led to improved customer and end market diversification.
Momentum is expected to continue into the third quarter, driven by similar demand trends in datacenter and telecom markets.
Forward Guidance
For the third quarter of 2020, the company expects increased demand from both data center and telecom end markets.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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