Applied Optoelectronics

Q2 FY2026 EarningsQ2 FY26 results were mixed relative to consensus: revenue of $191.9M slightly beat the $190.5M expected, while GAAP gross margin of 27.7% missed the 29.5% mean estimate. Non-GAAP performance remained under pressure as accelerated R&D and personnel costs led to a normalized net loss of $22.8M, significantly wider than the expected $1.7M profit. Data Center revenue surged 140.4% YoY to $107.7M, surpassing CATV as the primary segment and signaling strong AI-driven demand despite ongoing bottom-line volatility.