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Jun 30, 2024
Applied Optoelectronics Q2 2024 Earnings Report
Announced second quarter 2024 financial results, with revenue in line with expectations and non-GAAP loss per share favorable compared to expectations.
Key Takeaways
Applied Optoelectronics reported its second quarter 2024 financial results, with revenue aligning with expectations. The company's non-GAAP loss per share was favorable, although the non-GAAP gross margin was below expectations due to product mix. They are optimistic about the second half of the year, with new orders for 400G products and expected improvements in the datacenter business.
Revenue for the second quarter was in line with expectations.
Non-GAAP gross margin came in below expectations, primarily due to product mix.
Non-GAAP loss per share was favorable compared to expectations.
Began to receive orders for 400G products from another large hyperscale customer.
Revenue by Segment
Forward Guidance
For the third quarter of 2024, the company provided forward-looking statements regarding their expectations.
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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