APPLIED OPTOELECTRONICS (AAOI) Company Report

Applied Optoelectronics, Inc. (AAOI) entered into an Equity Distribution Agreement on November 7, 2025, with Raymond James & Associates, Inc. and Needham & Company, LLC.
The agreement allows the company to issue and sell shares of its common stock with an aggregate offering price of up to $180 million.
Sales of shares will be made through the Sales Agents in "at the market" offerings.
The Sales Agents will receive compensation of 2% of the gross sales price of the shares sold.

Nov 7, 2025, 9:20 PM

8-K

Applied Optoelectronics Reports Strong Q3 2025 Revenue and Provides Q4 Guidance

AAOI

Earnings

Guidance Update

New Projects/Investments

Applied Optoelectronics (AAOI) reported Q3 2025 revenue of $118.6 million, marking a 15% sequential and 82% year-over-year increase, primarily driven by a record CATV revenue of $70.6 million.
The company achieved a non-GAAP gross margin of 31% and a non-GAAP loss per share of $0.09, both aligning with its guidance for the quarter.
For Q4 2025, AAOI anticipates revenue to be between $125 million and $140 million, with non-GAAP EPS projected to range from a loss of $0.13 to a loss of $0.04 per share.
Significant progress has been made on 800G product qualification, with meaningful shipments expected in Q4 2025, and the company is expanding capacity to reach 100,000 units per month for 800G/1.6T products by Q2 2026.
The company successfully raised $147 million net through an ATM program, which will be primarily used for new equipment and machinery to support production and research and development, including capacity expansion in Texas.

Nov 6, 2025, 9:30 PM

Transcript

AAOI Reports Record Q3 2025 Revenue and Provides Q4 Guidance

AAOI

Earnings

Guidance Update

New Projects/Investments

AAOI achieved record quarterly revenue of $118.6 million in Q3 2025, representing an 82% year-over-year increase, with non-GAAP gross margin at 31% and non-GAAP loss per share at $0.09, all aligning with guidance.
The record revenue was primarily driven by the CATV segment, which recorded $70.6 million. For Q4 2025, the company projects revenue between $125 million and $140 million, anticipating a substantial sequential increase in data center revenue, including meaningful shipments of 800G products.
AAOI is expanding its manufacturing capacity, aiming to produce over 200,000 pieces per month by mid-2026 for advanced optical transceivers, supported by $147 million raised through an ATM program and $49.9 million in Q3 capital investments.

Nov 6, 2025, 9:30 PM

Transcript

Applied Optoelectronics Reports Third Quarter 2025 Results and Provides Q4 2025 Outlook

AAOI

Earnings

Guidance Update

Revenue Acceleration/Inflection

Applied Optoelectronics, Inc. reported GAAP revenue of $118.6 million and a non-GAAP net loss of $0.09 per basic share for the third quarter ended September 30, 2025.
The company achieved a non-GAAP gross margin of 31.0% in Q3 2025, driven by strong demand in its CATV business, which recorded its highest quarterly revenue in the company's history.
Management expects to exit 2025 with a production capacity of around 100,000 units of 800G transceivers per month, with 35% of this production in the U.S., and anticipates meaningful 800G product shipments in the fourth quarter.
For the fourth quarter of 2025, the company forecasts revenue between $125 million and $140 million and a non-GAAP net loss per share between $0.13 and $0.04.

Nov 6, 2025, 9:13 PM

8-K

Applied Optoelectronics Reports Third Quarter 2025 Results

AAOI

Earnings

Guidance Update

Revenue Acceleration/Inflection

Applied Optoelectronics reported GAAP revenue of $118.6 million for the third quarter ended September 30, 2025, compared to $65.2 million in the third quarter of 2024 and $103.0 million in the second quarter of 2025. The company's non-GAAP net loss was $5.4 million, or $0.09 per basic share.
The CATV business experienced strong demand, resulting in the highest quarterly CATV revenue in the company's history, and significant progress was made on 800G product qualification, with meaningful shipments anticipated in the fourth quarter.
For the fourth quarter of 2025, the company expects revenue in the range of $125 million to $140 million and a non-GAAP net loss in the range of $9.0 million to $2.8 million, corresponding to a non-GAAP income per share loss of $0.13 to $0.04.

Nov 6, 2025, 9:10 PM

Press Release

AAOI Enters Lease Agreement for New Manufacturing Facility

AAOI

New Projects/Investments

On September 19, 2025, Applied Optoelectronics, Inc. (AAOI) entered into a Lease Agreement for approximately 209,665 square feet of space in Sugar Land, Texas, primarily for manufacturing and related operations.
The lease has a term of 126 months, with the commencement date set for the earlier of manufacturing operations start, substantial completion of improvements, or March 31, 2026.
The Landlord will provide a construction allowance of up to $1,886,985 toward the cost of leasehold improvements.
Base rent will be abated for the first seven months of the term; thereafter, it will begin at $7.44 per rentable square foot annually (approximately $129,992 per month) and escalate periodically, reflecting an average annual increase of approximately 3.5%.
AAOI holds rights including a right of first refusal for contiguous space, a right of first offer to purchase the building, and two successive options to renew the lease for additional five-year terms.

Sep 24, 2025, 8:02 PM

8-K

Applied Optoelectronics, Inc. Enters Equity Distribution Agreement

AAOI

Equity Offering

Capital Raise

Applied Optoelectronics, Inc. (AAOI) entered into an Equity Distribution Agreement on August 27, 2025, with Raymond James & Associates, Inc. and Needham & Company, LLC.
This agreement allows the company to issue and sell shares of its common stock with an aggregate offering price of up to $150 million through the Sales Agents.
Sales will be made through "at the market" offerings, including via the Nasdaq Global Market.
The Sales Agents will receive 2% of the gross sales price of the shares sold.

Aug 27, 2025, 12:00 AM

8-K

Applied Optoelectronics Secures New Revolving Credit Facility

AAOI

Debt Issuance

Applied Optoelectronics, Inc. (AAOI) entered into a three-year, $35 million revolving line of credit with BOKF, NA dba BOK Financial on July 31, 2025.
The Credit Facility includes an accordion feature that allows for additional lender commitments of up to $40 million, potentially increasing the total aggregate amount to $75 million.
Borrowings under this Credit Facility will be utilized for general working capital purposes and business operations.
The Company's obligations under the Credit Facility are secured by substantially all of its assets, excluding those of its foreign subsidiaries.

Aug 6, 2025, 12:00 AM

8-K

Applied Optoelectronics Subsidiary Secures New Credit Line

AAOI

Debt Issuance

New Projects/Investments

Global Technology, Inc., a wholly owned subsidiary of Applied Optoelectronics, Inc., entered into a five-year revolving credit line agreement with China Construction Bank Co., Ltd..
The credit line totals RMB 162,260,000 and is available from June 26, 2025, through June 26, 2030.
Borrowing under the credit line is designated for general corporate and capital investment purposes.
The obligations under the credit line are secured by real property owned by Global Technology, Inc., including buildings and land, which are mortgaged to the bank.

Jul 1, 2025, 12:00 AM

8-K

Applied Optoelectronics Enters Equity Distribution Agreement

AAOI

New Projects/Investments

Equity Distribution Agreement executed on May 28, 2025 with Sales Agents to permit at-the-market issuances of common stock for up to $100 million.
Shares are registered under the Securities Act with listing on the Nasdaq Global Market, and the Sales Agents are set to receive a 2% commission on gross sales.
The filing details extensive legal representations, indemnification provisions, and compliance measures to ensure proper registration and trading of the Shares.

May 28, 2025, 12:00 AM

8-K

Filings & Transcripts

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Recent SEC filings and earnings call transcripts for AAOI.

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