Applied Optoelectronics Posts $269.9 Million in Q3 Revenue

Applied Optoelectronics Inc. (AAOI) generated $269.9 million in third-quarter revenue and returned to GAAP profitability, then forecast fourth-quarter sales as high as $420 million after revenue more than doubled from a year earlier.

Revenue for the quarter ended Sept. 30 rose from $118.6 million in the same period a year earlier. GAAP net income was $6.3 million, while non-GAAP net income reached $14.8 million, or $0.17 per diluted share.

For the fourth quarter, the company projected revenue of $385 million to $420 million and a non-GAAP gross margin of 29.5% to 31%. Its non-GAAP earnings-per-share outlook is $0.48 to $0.63, based on about 96 million shares.

Founder, President and CEO Dr. Thompson Lin said, “We are pleased to have generated record revenue for our sixth consecutive quarter and to have returned to GAAP profitability in Q3.”

Applied Optoelectronics makes optical and hybrid fiber coaxial networking equipment for data centers, cable television, telecommunications and fiber-to-the-home markets.