NAS:AAOI

Applied Optoelectronics, reported its Q2 2026 results on August 6, 2026, delivering $191.9 million

Next Earnings Date: November 5, 2026 (Q3 2026 results).

Expected Revenue Growth

• Q3 2026 Revenue Guidance: $255.0 million – $290.0 million
• Midpoint: ~$272.5 million
• YoY Growth: ~128% – 130% increase compared to Q3 2025.

Revenue Segment Highlights

• Data Center Segment: $107.7 million (+140.4% YoY, +32.3% QoQ), representing ~56% of total revenue.

* 800G Transceivers: $12.8 million (more than doubled sequentially and up >10x YoY).
* 400G Transceivers: $48.4 million (up >4x YoY, +27.4% QoQ).

• CATV Segment: Record $80.6 million (+43.8% YoY, +20.6% QoQ), driven by 1.8 GHz / DOCSIS 4.0 network upgrades.

Applied Optoelectronics, commenced construction on a nearly 400,000-square-foot expansion in Pearland, Texas, to support volume production of its 800G and 1.6T optical transceivers for AI datacenters.

Sector Rotation out of Crowded AI Infrastructure Trades

• Capex Sustainability Concerns: Concerns over hyperscaler capital expenditure returns (highlighted by heavy capex outlays across big-tech AI buyers) triggered widespread profit-taking across crowded AI component trades.
• Peer De-rating: Peers like Lumentum (LITE) and Coherent (COHR) also faced steep pullbacks as high-multiple optical names were sold off in favor of cash-generative value trades.

5/8 Update: Hold and watch the earnings release. Scheduled to release its Q2 2026 financial results on Thursday, August 6, 2026, after Market Close.

Wall Street Expectations

• Revenue Guidance / Estimates: Management guided Q2 revenue in the range of $180.0M – $198.0M.
• EPS Estimate: Consensus estimates project Non-GAAP EPS around -$0.03 to +$0.03 per share.

Applied Optoelectronics, commenced construction on a nearly 400,000-square-foot expansion in Pearland, Texas, to support volume production of its 800G and 1.6T optical transceivers for AI datacenters.

Sector Rotation out of Crowded AI Infrastructure Trades

• Capex Sustainability Concerns: Concerns over hyperscaler capital expenditure returns (highlighted by heavy capex outlays across big-tech AI buyers) triggered widespread profit-taking across crowded AI component trades.
• Peer De-rating: Peers like Lumentum (LITE) and Coherent (COHR) also faced steep pullbacks as high-multiple optical names were sold off in favor of cash-generative value trades.

scheduled to release its Q2 2026 financial results on Thursday, August 6, 2026, after Market Close.

Wall Street Expectations

• Revenue Guidance / Estimates: Management guided Q2 revenue in the range of $180.0M – $198.0M.
• EPS Estimate: Consensus estimates project Non-GAAP EPS around -$0.03 to +$0.03 per share.