Applied Optoelectronics Beats Q3 2026 Estimates as Revenue Rises 127% to $269.9M

Applied Optoelectronics (AAOI) beat estimates for the third quarter of 2026 on both revenue and adjusted EPS. Revenue was $269.9 million, up 127% from a year earlier, above the $268.1 million estimate, and adjusted EPS was $0.17 above the $0.14 estimate.

Shares fell 4.2% in after-hours trading as of 4:12 p.m. ET, to $44.92 from a $46.89 close.

Q3 2026 scorecard

By our calculation, revenue was $1.8 million above the estimate and adjusted EPS was $0.03 above it. The QoQ column compares with the previous quarter's revenue of $191.9 million and adjusted EPS of $0.06. The YoY column compares with $118.6 million and -$0.09 in the same quarter a year earlier.

Track record

• EPS record. Adjusted EPS beat the estimate in 5 of the last 8 reports, including this one.
• Revenue record. Revenue beat the estimate in 5 of the last 8 reports.
• Revenue trend. Revenue over the last 5 reports, oldest first: $118.6 million, $134.3 million, $151.1 million, $191.9 million and $269.9 million.

What to watch

• Next-quarter estimates. Consensus calls for EPS of $0.55 and revenue of $427.3 million next quarter, based on 4 analysts.
• Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 127% increase to $269.9 million.
• Estimate record. Whether Applied Optoelectronics extends a record of beating EPS estimates in 5 of its last 8 reports.
• Related coverage. See our reports on Karman, CarGurus, Assured Guaranty and Atlassian.

Sources: Results are from Applied Optoelectronics's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Applied Optoelectronics's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.