AAOI Q3 2025 Earnings
Reported Nov 6, 2025 at 11:13 AM ET · SEC Source
Q3 25 EPS
$-0.09
MISS 800.00%
Est. $-0.01
Q3 25 Revenue
$118.6M
vs S&P Since Q3 25
+622.0%
BEATING MARKET
AAOI +629.4% vs S&P +7.4%
Market Reaction
Did AAOI Beat Earnings? Q3 2025 Results
Applied Optoelectronics delivered a mixed third quarter, posting dramatic revenue growth that masked a deeper-than-expected bottom-line shortfall. Revenue surged 82.1% year-over-year to $118.63 million, powered by record CATV segment performance, whe… Read more Applied Optoelectronics delivered a mixed third quarter, posting dramatic revenue growth that masked a deeper-than-expected bottom-line shortfall. Revenue surged 82.1% year-over-year to $118.63 million, powered by record CATV segment performance, where $70.60 million in quarterly revenue, fueled by strong demand for 1.8 GHz amplifier products, marked the highest CATV result in company history. Yet the earnings picture disappointed, with a non-GAAP loss of $0.09 per share falling well short of the $0.01 consensus estimate, a miss of 800%. The gap reflected ongoing investment in capacity expansion and R&D spending of $21.27 million, as well as a $5.55 million unrealized foreign exchange headwind. Datacenter revenue of $43.94 million came in slightly below internal expectations due to quarter-end shipping delays, though management signaled that its 800G transceiver qualification is nearing completion with several customers. For Q4, AOI guided revenue of $125 million to $140 million, with investors closely watching whether that 800G ramp materializes, a pivotal test the company faces as its next earnings report approaches.
Key Takeaways
- • Record quarterly CATV revenue driven by strong demand for 1.8 GHz amplifier products
- • Broad-based appeal of amplifiers and QuantumLink software across largest and new customers
- • Improved gross margins both on GAAP and non-GAAP basis year-over-year
AAOI YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
AAOI Revenue by Segment
With YoY comparisons, source: SEC Filings
“We successfully delivered revenue, gross margin, and non-GAAP EPS in line with our expectations. We continued to see strong demand in our CATV business, driven by the continued ramp in orders for our 1.8 GHz amplifier products. We believe that the appeal of our amplifiers and QuantumLink software is broad-based, which was evident by the continued momentum we saw with our largest customer as well as new customers during the quarter, and which led to the highest quarterly CATV revenue in our Company's history.”
— Thompson Lin, Q3 2025 Earnings Press Release
AAOI Earnings Trends
AAOI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AAOI EPS Trend
Earnings per share: estimate vs actual
AAOI Revenue Trend
Quarterly revenue: estimate vs actual
AAOI Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $-0.11 | $-0.01 | +90.77% | $134.3M | — |
| FY Full Year | — | $-0.26 | — | $455.7M | — |
| Q3 25 MISS | $-0.01 | $-0.09 | -800.00% | $118.6M | — |
| Q2 25 MISS | $-0.08 | $-0.16 | -100.00% | $103.0M | — |
| Q1 25 | — | $-0.02 | — | $99.9M | — |