Applied Optoelectronics posts record Q3 revenue of $269.9 million and GAAP profit
Applied Optoelectronics reported third-quarter 2026 revenue of $269.9 million, more than double the $118.6 million a year earlier, and GAAP net income of $6.3 million, compared with a net loss of $17.9 million in the third quarter of 2025. The company also expects fourth-quarter 2026 revenue of $385 million to $420 million, but its CFO said the 2027 US capacity expansion will take longer than expected due to power and construction issues.
Key points
- Q3 2026 revenue was $269.9 million, up from $118.6 million in Q3 2025 and $191.9 million in Q2 2026.
- GAAP net income was $6.3 million, or $0.07 per basic share, versus a net loss of $17.9 million in Q3 2025.
- Non-GAAP gross margin was 28.7%, down from 31.0% in Q3 2025.
- Q4 2026 outlook: revenue of $385 million to $420 million; non-GAAP net income of $45.9 million to $60.4 million.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.