APPLIED OPTOELECTRONICS, INC. SEC Filings

APPLIED OPTOELECTRONICS, INC. director Richard B. Black reported an indirect sale of common stock through his revocable trust. On March 5, 2026, The Richard B. Black Revocable Trust sold 3,231 shares of common stock in open-market transactions at $95.00 per share.

After these sales, the trust associated with Black held 164,363 shares of APPLIED OPTOELECTRONICS common stock indirectly. The shares are held in a revocable living trust for which Black is both trustee and beneficial owner.

Applied Optoelectronics, Inc. entered into a design-build agreement with LCC3 Solution Inc. to develop its FAB2 cleanroom project in Sugar Land, Texas. The project covers approximately 92,674 square feet of ISO 6 (Class 1K) certified cleanroom space inside an existing warehouse and includes design, engineering, procurement, construction, testing, commissioning, and closeout work.

The total contract amount is approximately $30,885,000, with payments made monthly based on progress and a 10% retainage held until final completion and punch list resolution. The agreement includes liquidated damages for schedule delays, capped at $1,600,000, as well as schedule-based incentives up to $1,810,000 and performance-based incentives up to $1,724,000 for cleanroom validation and $1,600,000 for warranty performance. Substantial completion is targeted for September 30, 2026.

AAOI reported proposed sales of common stock tied to restricted stock unit vesting on multiple dates. The excerpt lists 09/11/2023 (538 shares), 12/11/2023 (10,231 shares) and 03/11/2024 (10,231 shares) with the seller shown as Issuer.

Raymond James & Associates submitted a Form 144 notice to sell Common shares. The filing lists multiple RSU award lots by grant date and quantity, including awards dated 09/06/2024 (4120 shares) and 06/10/2024 (10232 shares). The excerpt is a seller notice reporting intended dispositions of restricted common stock.

Applied Optoelectronics, Inc. entered into a long-term lease for approximately 153,928 rentable square feet in Building #3 at 16851 Blue Ridge Commerce Dr. in Houston, Texas. The space can be used for office, warehouse, and light manufacturing and assembly over a 130‑month term.

The lease includes a tenant improvement allowance of $3,078,560, five months of base rent abatement, and base rent starting at $5.16 per rentable square foot on an annualized basis (about $66,189.04 per month) for months 6–10. From month 11, rent is $10.32 per rentable square foot on an annualized basis (about $132,378.08 per month) and escalates by an average of roughly 3.5% annually, reaching $14.56 per rentable square foot on an annualized basis (about $186,732.36 per month) in months 121–130.

The company will pay prepaid rent of $163,163.68 toward the eleventh month’s rent and an initial security deposit of $2,000,000, subject to scheduled reductions if conditions are met. It is also responsible for operating expenses, including taxes and insurance. The lease provides a one-time early termination right effective at the end of the 82nd full month, subject to a fee, and a one-time option to purchase the building and parcel for $30,257,846.86, with a notice deadline of September 15, 2026 and closing deadline no later than December 15, 2026.

Applied Optoelectronics, Inc. entered an Equity Distribution Agreement with Raymond James & Associates and Needham & Company, allowing at-the-market sales of up to $250 million of common stock through these sales agents.

Sales will be made from time to time on Nasdaq or other permitted markets under placement notices that set share limits, timing and minimum prices. The company will pay the agents a 2% commission on gross sales and reimburse certain expenses, with potential additional reimbursements if the agreement ends before a minimum sales amount is reached. The shares are registered under an automatic shelf registration statement and a related prospectus supplement.

Applied Optoelectronics, Inc. is offering up to $250,000,000 of its common stock in an at-the-market equity program through Raymond James and Needham as agents.

The sales may occur from time to time on Nasdaq or in other permitted transactions; agents may receive commissions up to 2.0%. Shares outstanding were 75,198,817 as of February 25, 2026. The prospectus supplement illustrates an example issuance of 4,301,446 shares at an assumed price of $58.12 for aggregate gross proceeds of approximately $250,000,000, and shows illustrative dilution to new investors of $45.85 per share. The company intends to use net proceeds for general corporate purposes, including debt repayment, working capital, capital expenditures, and possible acquisitions.

Applied Optoelectronics reports strong top-line growth in 2025 but remains unprofitable. Revenue rose to $455.7 million from $249.4 million in 2024, while gross margin improved to 30.0% from 24.8%. Net loss narrowed sharply to $38.2 million from $186.7 million, though accumulated deficit reached $493.1 million.

The business is highly concentrated: in 2025 the CATV market provided 53.8% of revenue and internet data centers 42.9%. Digicomm contributed 53.1% of total revenue and Microsoft 28.8%, underscoring dependency on a few large customers.

The company emphasizes vertically integrated manufacturing across Texas, Taiwan and China, proprietary laser and optical-integration technology, and growing demand from hyperscale data centers and AI-related workloads. As of December 31, 2025, it employed 4,691 people and held 199 issued U.S. patents, with significant ongoing R&D investment to sustain new product development.