On August 10, Applied Optoelectronics rose 5.36% in pre-market trading, trading at $143.0/share, with turnover of $9.1364 million, as the stock continued its post-earnings rally.

The company recently reported Q2 revenue of $191.9 million, up 86% year-over-year, exceeding the analyst consensus of $190.5 million. Adjusted EPS came in at $0.06, significantly beating the $0.02 estimate. Data center revenue surged approximately 140% year-over-year, surpassing $100 million for the first time. 800G product revenue reached $12.8 million, growing more than tenfold year-over-year, with management projecting nearly five-fold sequential growth in Q3. Management indicated that customer demand exceeds supply capacity by 20% to 40%, with the supply-demand gap expected to persist through mid-2027. Additionally, 1.6T products are nearing customer qualification and initial shipments, with over $200 million in orders on hand.

Within the Communication Equipment sector, Lumentum rose 3.63%, Ciena rose 1.79%, and Arista Networks gained 1.21%, reflecting continued strength across optical communications names.

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