Applied Optoelectronics, Inc. Q1 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Financial Highlights

  • Revenue: $151.1 million (record high; +51% YoY vs. Q1 2025; +13% sequentially vs. Q4 2025). In line with guidance of $150M–$165M.
  • Non-GAAP Gross Margin: 29.2% (in line with 29–31% guidance; down from 31.4% in Q4 2025 and 30.7% in Q1 2025).
  • Non-GAAP EPS: Loss of $0.07 (in line with guidance of loss $0.09 to breakeven; vs. loss of $0.02 in Q1 2025).
  • GAAP Net Loss: $14.3 million ($0.19 per share) vs. $9.2 million ($0.18 per share) in Q1 2025.
  • Cash & Equivalents (incl. short-term investments/restricted cash): $449.4 million (vs. $216 million at end of 2025).
  • Inventory: $206.2 million (vs. $183.1 million at end of Q4 2025).
  • CapEx: $68.7 million in Q1, focused on 400G/800G/1.6T capacity expansion.

Revenue by Segment

  • Data Center: $81.4 million (+154% YoY; +9% sequentially). Breakdown: 41% from 100G, 46.7% from 200G/400G, 5.6% from 800G ($4.6 million), 5.6% from 10G/40G.
  • CATV: $66.8 million (+4% YoY; +24% sequentially; high end of $61M–$67M guidance). Strength in 1.8 GHz amplifiers; new MSO customers contributing.
  • Telecom/Other: $2.6 million (-13% YoY; -50% sequentially). Expected to fluctuate quarterly.
Professional feature The full AI summary covers key highlights, financial performance and analyst Q&A.
Operator: Good afternoon. I will be your conference operator. At this time, I would like to welcome everyone to Applied Optoelectronics, Inc. First Quarter 2026 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Please note that this call is being recorded. I will now turn the call over to Lindsay Savarese, Investor Relations for Applied Optoelectronics, Inc. Ms. Savarese, you may begin. Lindsay Savarese: Thank you. I am Lindsay Savarese, Investor Relations for Applied Optoelectronics, Inc. I am pleased to welcome you to Applied Optoelectronics, Inc.’s first quarter 2026 Financial Results Conference Call. After the market closed today, Applied Optoelectronics, Inc. issued a press release announcing its first quarter 2026 financial results and provided its outlook for 2026. The release is also available on the company's website at aoinc.com. This call is being recorded and webcast live. A link to the recording can be found on the Investor Relations section of the Applied Optoelectronics, Inc. website and will be archived for one year. Joining us on today's call is Dr. Thompson Lin, Applied Optoelectronics, Inc.’s founder, chairman, and CEO, and Dr. Stefan Murry, Applied Optoelectronics, Inc.’s chief financial officer and chief strategy officer. Thompson will give an overview of Applied Optoelectronics, Inc.’s Q1 results, and Stefan will provide financial details
Professional feature The full transcript includes every speaker turn.