Loading...
•
Sep 30, 2024
Applied Optoelectronics Q3 2024 Earnings Report
Announced third quarter 2024 financial results, demonstrating growth in data center and CATV businesses.
Key Takeaways
Applied Optoelectronics reported a solid third quarter with double-digit sequential growth in the data center business and a tripling of the CATV business. Revenue and gross margin were in line with expectations, but the non-GAAP loss per share was larger than expected due to accelerated R&D spending.
Recorded double-digit sequential growth in the data center business, driven by new wins for 400G products.
CATV business more than tripled from the second quarter as customers actively transition to new architectures.
Revenue and gross margin for the third quarter were in-line with expectations.
Non-GAAP loss per share was larger than expected due to accelerated R&D spending.
Forward Guidance
For the fourth quarter of 2024, the company provided business outlook.
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...