Applied Optoelectronics (AAOI) Tops Q2 EPS by 5c; Guides Q3 Above the Street

Applied Optoelectronics (NASDAQ: AAOI) reported Q2 EPS of $0.38, $0.05 better than the analyst estimate of $0.33. Revenue for the quarter came in at $49.6 million versus the consensus estimate of $46.97 million.

Applied Optoelectronics sees Q3 2015 EPS of $0.37-$0.42, versus the consensus of $0.32. Applied Optoelectronics sees Q3 2015 revenue of $51-54 million, versus the consensus of $46.4 million.

"We delivered record second quarter results with strong growth in both revenue and net income. With the steady supply of optical light engines coupled with our ability to accelerate shipments for 40Gbps transceivers, datacenter revenue grew by 65% year-over-year. We also achieved CATV revenue growth of 54% year-over-year driven by new products and design wins for node and head-end replacements," said Dr. Thompson Lin, Applied Optoelectronics Inc. founder and CEO. "The move to advanced optics in the datacenter and DOCSIS 3.1 upgrades in CATV will drive significant market growth and we are poised to capitalize on these opportunities given our leadership position in developing and manufacturing advanced optical devices."

For earnings history and earnings-related data on Applied Optoelectronics (AAOI) click here.

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