What is Applied Optoelectronics's gross profit margin?

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Did Applied Optoelectronics beat or miss consensus estimates last quarter?

What does Applied Optoelectronics do and what are its main business segments?

What is the revenue and EPS growth rate for Applied Optoelectronics year over year?

What were the key takeaways from Applied Optoelectronics’s earnings call?

What were the key takeaways from Applied Optoelectronics's earnings call?

What factors drove the changes in Applied Optoelectronics's revenue and profit?

- **Record Revenue**: Q3 $118.6M (82% YoY), driven by CATV ($70.6M, +26% QoQ) and delayed 400G shipments ($6.6M to Q4).
- **800G Momentum**: Expect 10,000-20,000 units shipped in Q4, ramping to 150,000/month by mid-2026; 1.6T production begins mid-2026.
- **CATV Growth**: 2026 target of $300M+ via new MSO wins and QuantumLink software adoption.
- **U.S. Expansion**: 200,000/month transceiver capacity in Texas by mid-2026; in-house laser manufacturing (3" wafer, <10% China dependency).
- **Customer Commitments**: Major hyperscale customers provide $200M+ in potential orders; government incentives for U.S. production under discussion.

**【CEO Summary Section】**
- Recorded highest quarterly revenue of $118.6 million, driven by CATV segment growth (up 26% sequentially) and 400G transceiver shipments delayed to Q4. 
- CATV revenue reached $70.6 million, triple year-over-year, due to 1.8GHz amplifier demand from Charter and 6+ new MSO customers.
- Datacenter revenue ($43.9M) down 2% sequentially but 7% YoY growth; 100G products up 32% YoY, 400G down 65% YoY due to timing delays.
- Gross margin 31% (in line with guidance); expect gradual improvement as datacenter mix stabilizes.
- 800G qualifications nearing completion; expect meaningful shipments in Q4 and 1.6T production ramping mid-2026.

**【CFO Financial Commentary】**
- Q3 non-GAAP net loss $0.09 (vs. guidance of -$0.10 to -$0.13); gross margin 31% (vs. 29.5-31% guidance).
- Sequential revenue growth 15% ($103.1M to $118.6M); YoY growth 82%.
- Direct tariffs impacted Q3 income by $1.1M; <10% of 800G/1.6T components sourced from China.
- Q4 outlook: $125M-$140M revenue (10-20% sequential growth), gross margin 29-31%, non-GAAP loss $0.13 to -$0.04.
- 2025 CapEx $124.9M (vs. $120-150M guidance); 2026 expansion plans include 35,000/month 800G/1.6T capacity in Texas.

**【Q&A Highlights】**
- **CATV Outlook**: Q4 CATV revenue expected to moderate to $50-55M, but 2026 target of $300M+ achievable via new products (QuantumLink software, node solutions).
- **800G Progress**: Customer qualifications complete; expect 10,000-20,000 units shipped in Q4, ramping to 150,000/month by mid-2026.
- **Laser Supply Chain**: In-house 3" laser wafer production (4" in 2026); <10% of 800G/1.6T components from China.
- **Texas Expansion**: New 200,000/month transceiver facility under construction; 35,000/month 800G/1.6T capacity online late 2025.
- **Customer Commitments**: Major hyperscale customers provide $200M+ in potential orders; government incentives for U.S. production under discussion.

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