)
Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
Applied Optoelectronics (AAOI) investor relations material
Applied Optoelectronics Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Achieved Q3 2025 revenue of $118.6 million, up 82% year-over-year, driven by record CATV performance and strong demand for 1.8 GHz amplifier products, while datacenter revenue was slightly lower due to shipment timing.
Progressed on 800G product qualifications, expecting meaningful shipments in Q4 2025, with expanded U.S. and Taiwan production capacity targeting 100,000 units/month by year-end.
Automated manufacturing expansion in the U.S. and Taiwan supports 800G and next-gen 1.6T transceivers, aligning with AI infrastructure growth and onshoring trends.
Positioned as a leading U.S.-based supplier of high-speed optical modules, with a diversified customer base and marquee global clients.
Financial highlights
Q3 2025 revenue: $118.6 million (up 82% YoY); CATV revenue: $70.6 million (up 237% YoY); datacenter revenue: $43.9 million (up 7% YoY); non-GAAP gross margin: 31.0%; GAAP gross margin: 28.0%.
Q3 2025 non-GAAP net loss: $5.4 million ($0.09/share); GAAP net loss: $17.9 million ($0.28/share).
Cash and equivalents at quarter-end: $150.7 million, up from $87.2 million in Q2 and $79.1 million at year-end 2024.
Year-to-date capital investments totaled $124.9 million, tracking above CapEx projections.
Inventory increased to $170.2 million, mainly due to raw material purchases.
Outlook and guidance
Q4 2025 revenue expected between $125 million and $140 million, with CATV moderating to $50M–$55M and data center revenue rising.
Q4 2025 non-GAAP gross margin: 29%–31%; non-GAAP net loss: $9M–$2.8M; non-GAAP EPS: loss of $0.13–$0.04.
2026 CATV revenue target of $300M+ seen as achievable, driven by new products and software; 800G shipments expected to ramp in Q4; 1.6T revenue anticipated later in 2026.
Revenue from a major supply agreement with Microsoft is expected to increase in 2025.
800G capacity and US production share by year-end
What drives CATV business growth beyond 1.8 GHz?
Impact of datacenter shipping delays on Q4?
800G/1.6T ramp confidence and customer commitments
CATV growth drivers beyond amplifiers
Funding sources for future CapEx expansion
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Applied Optoelectronics earnings date
Q4 202527 Feb, 2026
Next Applied Optoelectronics earnings date
Q4 202527 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Applied Optoelectronics, Inc is engaged in the design, manufacturing and sells various fiber-optic networking products. The company's fiber-optic networking products incorporate its vertical-cavity surface emitting lasers, laser drivers, laser diodes, modulators and photodetectors into optical subsystems. Its fiber-optic networking products are used in various applications spanning: areas including telecommunications network infrastructure; cable television headends; data centers; content delivery networks and high performance computing.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage