$Applied Optoelectronics(AAOI.US) CEO Lin Zhixiang said on the earnings call: If the shipment of 800G products proceeds as planned, the company's monthly revenue could reach $378 million by mid-2027. $378 million × 12 = an annualized figure of approximately $4.5 billion. In contrast, AAOI's total revenue for the entire year of 2025 was $456 million. In other words, management is telling you: a year and a half from now, our monthly revenue will equal our previous annual revenue.

Q4 slightly beat: Revenue of $134.3 million (QoQ +13%, YoY +34%, near the upper end of the guidance of $125-$140 million).

Q1 slightly beat: Expected Q1 revenue of $150 million – $165 million (midpoint $158 million, YoY +58%, QoQ +17%).

Significant beats in 26-27: Full-year 2026 revenue will exceed $1 billion; by mid-2027, monthly revenue from 100G/400G products will be about $90 million, 800G monthly revenue about $217 million, 1.6T monthly revenue about $71 million, and total monthly revenue from optical module products will be $378 million (annualized output value reaching $4.5 billion, a year-over-year increase of over 5x). With product mix optimization, the overall gross margin for optical modules is expected to potentially exceed 40% in 27Q4.

In-house laser development: 27Q2 production capacity to increase 3-4x.

Other: 3 cloud providers have initiated procurement/negotiations for high-speed optical modules;

Plans to raise $250 million.