Loading...
•
Jun 30, 2023
Applied Optoelectronics Q2 2023 Earnings Report
Reported second quarter revenue in line with expectations, with non-GAAP gross margin and non-GAAP EPS above expectations due to favorable product mix and cost reduction efforts.
Key Takeaways
Applied Optoelectronics reported its second quarter 2023 results, with revenue in line with expectations and non-GAAP gross margin and EPS exceeding expectations. The company saw increased demand for its 100G and 400G datacenter products, with 400G revenue doubling sequentially and accounting for 11% of total datacenter revenue.
Second quarter revenue was in-line with expectations.
Non-GAAP gross margin and non-GAAP EPS were above expectations.
Favorable product mix and cost reduction efforts led to a strong improvement in gross margin.
Demand increased for 100G and 400G datacenter products, with 400G revenue doubling sequentially.
Forward Guidance
For the third quarter of 2023, the company currently expects:
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...