Applied Optoelectronics (AAOI) Misses Q1 EPS by 2c, Misses on Revenue

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Applied Optoelectronics Reports First Quarter 2024 Results

May 9, 2024 4:10 PM EDT

SUGAR LAND, Texas, May 09, 2024 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, today announced financial results for its first quarter ended March 31, 2024.

Our first quarter revenue and gross margin came in below our expectations, largely driven by product mix, and our non-GAAP EPS was in-line with our guidance range, said Dr. Thompson Lin, Applied Optoelectronics Inc. Founder, President and Chief Executive Officer. Despite the slower start to the year, we expect a... More