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Sep 30, 2022
Applied Optoelectronics Q3 2022 Earnings Report
Announced third quarter 2022 results, with revenue below expectations due to a faster than expected decline in 40G revenue, but encouraged by continued demand in the CATV market and the stronger telecom market.
Key Takeaways
Applied Optoelectronics reported Q3 2022 results with revenue below expectations due to a decline in 40G revenue. However, the company saw strong demand in the CATV market, achieving the highest quarterly CATV revenue in its history, and a stronger telecom market. 400G revenue more than tripled compared to Q2, indicating an anticipated ramp in this product family.
Revenue came in below expectations, primarily due to a faster than expected decline in 40G revenue.
Generated the highest quarterly CATV revenue in the Company’s history in Q3.
Ended the quarter with a healthy backlog of CATV products.
400G revenue more than tripled compared to Q2, which is believed to be the beginning of the anticipated ramp in this product family.
Forward Guidance
For the fourth quarter of 2022, the company currently expects:
Historical Earnings Impact
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Avg. Return Before/After Earnings
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