AAOI Q4 2025 Earnings
Reported Feb 26, 2026 at 11:06 AM ET · SEC Source
Q4 25 EPS
$-0.01
BEAT +90.77%
Est. $-0.11
Q4 25 Revenue
$134.3M
vs S&P Since Q4 25
+238.0%
BEATING MARKET
AAOI +243.1% vs S&P +5.1%
Full Year 2025 Results
FY 25 EPS
$-0.26
FY 25 Revenue
$455.7M
Market Reaction
Did AAOI Beat Earnings? Q4 2025 Results
Applied Optoelectronics capped its strongest year in company history with a decisive Q4 2025 beat, posting a loss of just $0.01 per share against a consensus estimate of negative $0.11, a 90.77% positive surprise, while revenue climbed 33.9% year-ove… Read more Applied Optoelectronics capped its strongest year in company history with a decisive Q4 2025 beat, posting a loss of just $0.01 per share against a consensus estimate of negative $0.11, a 90.77% positive surprise, while revenue climbed 33.9% year-over-year to a record $134.27 million. Investors had been watching closely heading into the print, and the results delivered: broad-based demand across both the datacenter and CATV segments drove the top-line surge, with datacenter revenue alone reaching $74.88 million in the quarter, up from $44.24 million a year ago. GAAP gross margin expanded to 31.2% from 28.7%, as the company's ongoing manufacturing capacity expansion in Texas supported higher-volume production of next-generation optical products. The strong quarter sent shares sharply higher, with analysts raising price targets on growing demand for 400G and 800G transceivers. Looking ahead, AOI guided Q1 2026 revenue of $150 million to $165 million, with management projecting full-year 2026 revenue could exceed $1 billion.
Key Takeaways
- • Broad-based demand in both CATV and datacenter businesses
- • Record fourth quarter revenue of $134.3 million
- • Gross margin expansion to 31.2% GAAP and 31.4% non-GAAP
- • Datacenter revenue grew to $74.9 million from $44.2 million year-over-year in Q4
AAOI Forward Guidance & Outlook
For Q1 2026, AOI expects revenue in the range of $150 million to $165 million, non-GAAP gross margin in the range of 29% to 31%, and non-GAAP net income in the range of a loss of $7.0 million to a loss of $0.3 million, with non-GAAP income per share in the range of a loss of $0.09 to breakeven using approximately 76.4 million shares.
AAOI YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
AAOI Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are pleased to deliver record fourth quarter results that were in line with or better than our expectations, and which capped off the strongest year in our company's history. Our results were driven by broad-based demand in both our CATV and datacenter businesses. We have considerable momentum entering 2026, and we believe we are well positioned to accelerate our growth this year.”
— Thompson Lin, Q4 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 | — |