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Sep 30, 2023
Applied Optoelectronics Q3 2023 Earnings Report
Applied Optoelectronics reported third quarter 2023 results, highlighting improved gross margin driven by favorable product mix and increased demand for 100G and 400G products in the datacenter business.
Key Takeaways
Applied Optoelectronics announced its Q3 2023 financial results, noting progress in improving gross margin, which exceeded expectations due to a favorable product mix. The company saw increased demand for 100G and 400G products in its datacenter business and shipped first samples of 800G datacenter products. There was also sequential growth in the CATV business.
Gross margin improved and exceeded expectations due to favorable product mix.
Increased demand observed for 100G and 400G products in the datacenter business.
First samples of 800G datacenter products were shipped to two customers.
CATV business experienced sequential growth.
Forward Guidance
The company expects for the fourth quarter of 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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