Applied Optoelectronics (AAOI) Stock Jumps 8% After Earnings. Analysts Weigh In

TLDR

• AAOI jumped 8.4% to $134.59 after reporting its first adjusted quarterly profit since 2023
• Revenue rose 86% year over year to $191.9 million, beating the $190.5 million estimate
• Q3 guidance missed, with EPS guidance of $0.11-$0.26 vs. the $0.28 analyst expectation
• 1.6 terabit transceiver shipments are expected to begin at the end of Q3 2026
• Raymond James raised its price target to $178; Needham trimmed to $190, both maintaining bullish ratings

Applied Optoelectronics (AAOI) jumped 8.4% to $134.59 on Friday after the optical transceiver maker posted its first adjusted profit since 2023.

Applied Optoelectronics, Inc., AAOI

The stock saw nearly 14 million shares change hands by 11 a.m. Eastern time, outpacing trading volume in much larger names like AMD and Broadcom.

Adjusted earnings came in at $0.06 per share, topping the $0.02 analyst estimate. Revenue climbed 86% year over year to $191.9 million, edging past forecasts of $190.5 million, and marked a fifth consecutive quarter of record sales.

… Continue reading the full article at the original source below.