On August 10, Applied Optoelectronics rose 6.06% in regular trading, trading at $146.455/share with turnover of $278 million, extending its post-earnings rally from the prior week.

The advance is driven by the company's strong Q2 results reported on August 6. Revenue reached $191.9 million, up 86% year-over-year and exceeding market expectations. Data center revenue surged approximately 140% year-over-year, surpassing $100 million for the first time. Revenue from 800G products hit $12.8 million, growing over tenfold year-over-year, with management projecting nearly fivefold sequential growth in Q3. The company disclosed that customer demand exceeds its supply capacity by 20% to 40%, with this gap expected to persist through mid-2027, indicating capacity rather than demand is the primary growth constraint. Additionally, 1.6T products are nearing customer qualification with over $200 million in orders already secured.

Within the Communication Equipment sector, Lumentum rose 0.43%, Cisco rose 1.88%, Ondas Holdings rose 2.63%, Ciena fell 0.84%, and Arista Networks rose 1.21%.

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