NASDAQ$AAOI

Applied Optoelectronics Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Announced financial results for the second quarter 2020 ended June 30, 2020.

Applied Optoelectronics reported second-quarter 2020 financial results, with revenue ahead of guidance due to strong datacenter customer demand and record telecom segment revenue driven by 5G mobile technology deployments.

  • Revenue exceeded expectations due to strong demand from datacenter customers.
  • Telecom segment achieved record revenue, driven by 5G mobile technology deployments.
  • Increased contributions from newer customers led to improved customer and end market diversification.
  • Momentum is expected to continue into the third quarter, driven by similar demand trends in datacenter and telecom markets.

Headline financials

Total Revenue

$65.2M

Previous: $43.4M+50.2%
EPS (adj)

-$0.24

Previous: -$0.26+7.7%
Capital Expenditures

-$6.76M

Previous: -$26.3M+74.3%
Free Cash Flow

-$25.4M

Previous: -$37.7M+32.6%
Net Income

-$18.6M

Previous: -$11.4M-63.6%
Operating Income

-$11.1M

Previous: -$13.8M+19.7%
Gross Profit

$13.7M

Previous: $10.5M+30.3%
Cash & Equivalents

$51.1M

Previous: $81.1M-36.9%
Total Assets

$478M

Previous: $495M-3.4%
Stock-Based Comp

$3.3M

Previous: $3.02M+9.4%

Revenue & EPS history

Applied Optoelectronics · Revenue · Quarterly

$65.2M

Q2 2020+50.2%vs Q2 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Applied Optoelectronics · $24.5M total across 1 segment · Q1 2021

  • CATV
    $24.5M

Forward guidance

For the third quarter of 2020, the company expects increased demand from both data center and telecom end markets.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.0%

Avg return

Earnings day

+3.5%

Avg return

5 days after

+9.6%

Avg return

30 days after

43%

24 / 56 earnings

Positive

+71.3%

Q3 2024

Best reaction

-30.9%

Q2 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-11.8%+5.3%-0.9%
Q4 2025+56.9%+85.7%+82.9%
Q3 2025-1.9%-17.7%-8.6%
Q1 2025-0.5%+29.5%+14.0%
Q4 2024-4.6%-28.0%-35.0%
Q3 2024+71.3%+76.1%+139.9%
Q2 2024-1.4%+11.0%+75.6%
Q1 2024-5.6%+3.0%-2.6%
Q4 2023-26.3%-19.6%-23.5%
Q3 2023-4.9%+24.7%+100.6%
Q2 2023+49.0%+65.0%+88.6%
Q1 2023-7.0%+0.6%+26.8%
Q4 2022-7.4%-0.4%-14.5%
Q3 2022-19.7%-17.0%-10.4%
Q2 2022-3.1%-4.2%+18.2%
Q1 2022-11.2%-20.0%-21.1%
Q4 2021-10.2%-5.7%-14.8%
Q3 2021-30.0%-31.3%-35.5%
Q2 2021-7.3%-7.7%+0.1%
Q1 2021+7.5%+4.3%+19.7%
Q4 2020-19.7%-25.7%-28.6%
Q3 2020-15.2%-18.4%-6.8%
Q2 2020-1.9%-15.8%-34.7%
Q1 2020-5.5%-13.9%-7.4%
Q4 2019-12.3%-7.7%-26.5%
Q3 2019-5.6%+7.2%-8.5%
Q2 2019+7.7%-3.7%+1.8%
Q1 2019-9.5%-15.9%-21.4%
Q4 2018+5.5%+13.1%-13.0%
Q3 2018+6.9%-3.3%-5.7%
Q2 2018+5.0%+9.0%-17.3%
Q1 2018-4.1%-5.5%+33.7%
Q4 2017-17.5%-16.0%-23.9%
Q3 2017+15.4%+19.8%+2.8%
Q2 2017-30.9%-23.9%-36.9%
Q1 2017+20.4%+33.7%+60.7%
Q4 2016+23.9%+23.7%+48.2%
Q3 2016+7.7%+13.2%+15.8%
Q2 2016+20.5%+13.9%+42.7%
Q1 2016-19.6%
Q4 2015+2.7%
Q3 2015-3.7%
Q2 2015+11.9%
Q1 2015+10.9%
Q4 2014+14.2%
Q3 2014-25.4%
Q2 2014-1.3%
Q1 2013-1.8%
Q1 2014-12.1%
Q2 2013+0.6%
Q1 2012+0.6%
Q4 2013+0.6%
Q2 2012+0.6%
Q3 2013+0.3%
Q3 2012+0.3%
Q4 2012+0.3%

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