NASDAQ$AAOI

Applied Optoelectronics Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Announced third quarter 2022 results, with revenue below expectations due to a faster than expected decline in 40G revenue, but encouraged by continued demand in the CATV market and the stronger telecom market.

Applied Optoelectronics reported Q3 2022 results with revenue below expectations due to a decline in 40G revenue. However, the company saw strong demand in the CATV market, achieving the highest quarterly CATV revenue in its history, and a stronger telecom market. 400G revenue more than tripled compared to Q2, indicating an anticipated ramp in this product family.

  • Revenue came in below expectations, primarily due to a faster than expected decline in 40G revenue.
  • Generated the highest quarterly CATV revenue in the Company’s history in Q3.
  • Ended the quarter with a healthy backlog of CATV products.
  • 400G revenue more than tripled compared to Q2, which is believed to be the beginning of the anticipated ramp in this product family.

Headline financials

Total Revenue

$56.7M

Previous: $53.3M+6.4%
EPS (adj)

-$0.26

Previous: -$0.20-30.0%
Capital Expenditures

-$2.45M

Previous: -$5.56M+55.9%
Free Cash Flow

-$18.1M

Previous: -$21.4M+15.3%
Net Income

-$15.6M

Previous: -$15.8M+1.1%
Operating Income

-$13.5M

Previous: -$15.5M+12.7%
Gross Profit

$9.75M

Previous: $8.12M+20.0%
Cash & Equivalents

$26.3M

Previous: $43.5M-39.7%
Total Assets

$414M

Previous: $463M-10.4%
Stock-Based Comp

$2.63M

Previous: $3.13M-16.0%

Revenue & EPS history

Applied Optoelectronics · Revenue · Quarterly

$56.7M

Q3 2022+6.4%vs Q3 2021
Beat estimate in 1 of 15 quarters(7%)
ActualEstimate

Revenue by segment

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

  • CATV
    $24.5M

Forward guidance

For the fourth quarter of 2022, the company currently expects:

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 Q3 2022

Historical avgQ3 2022

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro