Applied Optoelectronics reports Q3 EPS (5c), consensus (5c)

Reports Q3 revenue $62.55M, consensus $62.61M. “We’re pleased by the continued progress we have made on improving our gross margin, which exceeded our expectations during the third quarter, driven primarily by our favorable product mix,” said Dr. Thompson Lin, CEO. “We saw increased demand for both our 100G and 400G products in our datacenter business during the quarter, and we expect this trend to continue as datacenter operators transition their networks. We also shipped our first samples of 800G datacenter products to two different customers this quarter. We’re encouraged by the sequential growth we saw in our CATV business, and believe that our market-leading amplifier products and experienced team position us well as the MSOs transition to next generation architecture.”