Applied Optoelectronics (AAOI) Tops Q2 EPS by 19c, Revenues Beat

Applied Optoelectronics (NASDAQ: AAOI) reported Q2 EPS of $0.64, $0.19 better than the analyst estimate of $0.45. Revenue for the quarter came in at $87.8 million versus the consensus estimate of $77.82 million.

“We are pleased with our second quarter results, which were driven by increased demand for our market-leading datacenter products. We continue to focus on diversifying our customer base and in the quarter secured seven design wins, including one 100G win with a large datacenter operator in China,” said Dr. Thompson Lin, Applied Optoelectronics Inc. founder and CEO. “We remain confident in our competitive position. We believe our platform, proprietary manufacturing processes and vertical integration are keys to our success in the market, and remain focused on building on this strong foundation to position AOI for further success.”

GUIDANCE:

Applied Optoelectronics sees Q3 2018 EPS of $0.54-$0.75, versus the consensus of $0.64. Applied Optoelectronics sees Q3 2018 revenue of $82-92 million, versus the consensus of $90.5 million.

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

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