Applied Optoelectronics, Inc. filings document the operations, governance and capital structure of a Nasdaq-listed manufacturer of optical and HFC networking products. Its Form 8-K reports cover operating and financial results, changes in the certifying accountant, material definitive agreements, and financing arrangements tied to common stock issuance.
Proxy materials describe board elections, auditor ratification, advisory executive compensation votes, certificate-of-incorporation amendments, and equity incentive plan matters. Other material-event filings address agreements supporting manufacturing infrastructure, including cleanroom design-build work, and identify the company’s common stock registered on the Nasdaq Global Market.
Applied Optoelectronics, Inc. (AAOI) reported third-quarter 2026 revenue of $269.9 million, versus $118.6 million a year earlier, and net income of $6.3 million versus a $17.9 million loss. For the nine months ended September 30, 2026, revenue was $612.9 million and net loss was $30.8 million.
Cash and equivalents were $605.4 million as of September 30, 2026. During the nine months ended that date, operating cash use was $76.7 million and investing cash use was $1,109.5 million, including $702.1 million for property and equipment. Financing provided $1,591.6 million, including $1,590.6 million net from common-stock offerings. Equipment and facility commitments were $928.8 million, primarily for capacity expansion.
After September 30, 2026, AAOI completed its third at-the-market offering on October 1, 2026, selling approximately 5.7 million shares for approximately $588 million net. Under a three-year hyperscale-customer agreement, the customer is obligated, subject to conditions, to buy 10% of certain 1.6 Tb transceivers from June 2026 through May 2029; AAOI is obligated to supply them. On November 2, 2026, AAOI entered a five-year supply framework agreement and annual raw-material contract for purchases up to approximately $194.4 million annually, with aggregate prepayments up to $40 million; the supplier's ability to export and deliver is subject to Chinese regulatory approvals.
Applied Optoelectronics, Inc. (AAOI) reported third-quarter 2026 revenue of $269.875 million, compared with $118.630 million a year earlier, and GAAP net income of $6.300 million versus a $17.936 million loss. Non-GAAP net income was $14.792 million, compared with a $5.399 million loss, and non-GAAP Adjusted EBITDA was $28.537 million versus $2.005 million.
For the fourth quarter, the company expects revenue of $385 million to $420 million, non-GAAP gross margin of 29.5% to 31%, and non-GAAP net income of $45.9 million to $60.4 million, with non-GAAP income per share of $0.48 to $0.63 using approximately 96 million shares. Management said it secured a multi-year strategic agreement with a Tier 1 hyperscale datacenter customer.
Current manufacturing equipment capacity is approaching 330,000 units per month. The company expects installed equipment to support production of over 500,000 pieces of 800G and 1.6 Tb products per month by the end of 2026 and capacity of over 1 million pieces of 800G and 1.6 Tb transceivers per month by the end of 2027. It expects its U.S. 2027 capacity expansion to take longer than expected, citing the time needed to obtain electrical power and other construction issues.
Applied Optoelectronics, Inc. (AAOI) entered into a new credit facility with $30 million in revolving commitments and $170 million in initial term loan commitments, replacing its prior facility. The company may request up to $50 million in incremental term loan commitments, subject to certain conditions; the facility matures October 30, 2030. Term-loan proceeds may be used to purchase or refinance eligible equipment, while revolver borrowings may fund working capital and general corporate purposes.
Borrowings are secured by substantially all company assets, including certain subsidiary equity, subject to customary exclusions. At AAOI's option, interest is based on ABR plus 1.25%–1.75%, or Term SOFR plus 0.10% and a 2.50%–3.25% applicable rate; the applicable rates are based on the consolidated senior leverage ratio. Initial term loans amortize quarterly at 3.5714% of their aggregate outstanding amount on the last day of the initial term loan availability period. AAOI terminated its prior facility and paid a $350,000 termination fee; the prior facility had $35 million in unused revolving commitments as of October 29, 2026.
Applied Optoelectronics, Inc. common stock: Vanguard Capital Management reported beneficial ownership of 4,305,787 shares, or 5.09% of the class. The reported amount includes securities attributed to Vanguard Capital Management LLC and named affiliates or business divisions, including fund holdings subject to dispositive power and client holdings over which affiliates exercise dispositive and/or voting power. Vanguard reported sole voting power over 652,746 shares and sole dispositive power over 4,305,787 shares; shared voting and dispositive power were both 0 shares.
Applied Optoelectronics, Inc. (AAOI) is the issuer; BlackRock, Inc. reported beneficial ownership of 4,179,774 common shares, or 4.9% of the class, as of September 30, 2026. The reported amount reflects securities beneficially owned or deemed owned by certain BlackRock business units and affiliates, and excludes other business units whose ownership is disaggregated.
BlackRock reported sole voting power over 3,981,716 shares and sole dispositive power over 4,179,774 shares.
Applied Optoelectronics, Inc. (AAOI) Senior Vice President and North America General Manager Hung-Lun (Fred) Chang had 5,141 shares surrendered on October 22, 2026, in four transactions to satisfy tax-withholding obligations upon vesting of restricted stock unit awards. Each transaction was reported at $77.32 per share. The awards were granted June 26, 2023, April 29, 2024, April 11, 2025, and February 9, 2026.
Applied Optoelectronics, Inc. Chief Financial Officer Stefan J. Murry surrendered 5,945 shares of common stock to the issuer on October 22, 2026, to satisfy tax-withholding obligations upon vesting of four restricted stock unit awards. The transactions were 3,267, 746, 1,086 and 846 shares, each reported at $77.32 per share. The awards were granted on June 26, 2023, April 29, 2024, April 11, 2025 and February 9, 2026, respectively.
Applied Optoelectronics, Inc. (AAOI) Senior Vice President and Asia General Manager Shu-Hua (Joshua) Yeh surrendered 1,202, 287, 406 and 323 shares to the issuer on October 22, 2026, for tax withholding obligations upon vesting of four restricted stock unit awards. Each transaction was reported at $77.32 per share. The awards were granted June 26, 2023; April 29, 2024; April 11, 2025; and February 9, 2026.
Applied Optoelectronics, Inc. President and CEO Chih-Hsiang (Thompson) Lin surrendered 16,673 shares on October 22, 2026, to satisfy tax-withholding obligations as four restricted stock unit awards vested. Each reported transaction lists a price of $77.32 per share. Separately, 807,602 shares were indirectly held by the Thompson Lin Family Trust as of October 22, 2026; Lin disclaimed beneficial ownership except to the extent of his voting power.
Applied Optoelectronics, Inc. (AAOI) reports that Senior Vice President and Chief Legal Officer David C. Kuo surrendered a total of 3,586 shares on October 22, 2026, to satisfy tax-withholding obligations as restricted stock unit awards vested. The four entries were reported at $77.32 per share and correspond to awards granted June 26, 2023, April 29, 2024, April 11, 2025, and February 9, 2026.